Tuesday, September 08, 2026

Labor's share of income

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Since yesterday was Labor Day, here excerpts from some past posts discussing the issue of labor's share of income has changed over time ...
Sunday, September 06, 2026

On the Just Price: A dialogue imagined between Thomas Aquinas and Adam Smith

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I had the AI program Claude write this dialogue. The image was generated by Gemini. Thomas Aquinas was a 13th century philosopher and theolo...
Friday, September 04, 2026

The % of 25-54 year-olds employed held steady 80.4% in August; Average hours worked rose from 34.3 to 34.4

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One weakness of the unemployment rate is that if people drop out of the labor force they cannot be counted as an unemployed person and the ...
Thursday, September 03, 2026

Wealth distribution by age groups

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See Reflections on Americans’ Net Worth by Bryan Caplan. Excerpt: "I’ve been an economics professor for almost 30 years, but I don’t ...
Tuesday, September 01, 2026

AI and Employment: So Far, So Good

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By Alex Tabarrok .  "In September 2023, the Census Bureau added questions about AI to its Business Trends and Outlook Survey . Census ...
Sunday, August 30, 2026

Primitive communism: Marx’s idea that societies were naturally egalitarian and communal before farming is widely influential and quite wrong (plus Ruth Benedict on property rights)

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By Manvir Singh .  He is a professor of anthropology at the University of California, Davis. Excerpts:  "It was on that first trip t...
Friday, August 28, 2026

AI is moderately heating up today’s economy while we wait for the likely bumpy rollout of productivity gains

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See  How is AI influencing interest rates? Investment, productivity, prices, and more by Jeff Horwich of the Federal Reserve Bank of Minnea...
Wednesday, August 26, 2026

General Purpose Technologies like AI can increase productivity more than expected

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See  The Productivity J-Curve: How Intangibles Complement General Purpose Technologies by Erik Brynjolfsson, Daniel Rock & Chad Syverso...
Monday, August 24, 2026

Whiskey taxes, revenue and voting by members of Congress in history

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See  Revenue over reason: A case for home distilling by Ben Semark of the Competitive Enterprise Institute. After an excerpt from Semark...