The Dangerous Economist
The Blog of Cyril Morong
Wednesday, December 06, 2023
Economy's 3rd quarter growth rate revised to 5.2% from 4.9%
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Only economists can probably get so excited about 0.3%. I will explain below. See Economy Grew Faster Than Thought in 3Q, But Slowdown Expe...
Monday, December 04, 2023
Prompt engineers chat with generative-AI chatbots (creative destruction and how the economy just keeps creating new types of occupations & professions)
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See Talking to Chatbots Is Now a $200K Job. So I Applied: Welcome to the world of prompt engineering, where you’re paid to get the best ans...
Sunday, December 03, 2023
Capitalism, rationality and double-entry bookkeeping
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In his book Capitalism, Socialism, and Democracy the economist Joseph A. Schumpeter discussed the deep and widespread rationalizing inf...
Saturday, December 02, 2023
Never Mind the 1%. Mini-Millionaires Are Where Wealth Is Growing Fastest.
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Many people in the upper middle class are now millionaires thanks to college, savings, bull markets and timing By Josh Zumbrun of The WSJ . ...
Thursday, November 30, 2023
Why Buy-One, Get-One-Free Offers Are More Complicated Than You Remember (maybe it is because of price discrimination)
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Marketers’ race for data is leading to buy-one-get-one deals that make customers work a little bit harder By Katie Deighton of The WSJ . Exc...
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