economistwritingeveryday.com/2025/12/29/p...
I'd argue that the "new era of theory" is already underway, though, led not by economists, but by comp social sci/cultural evolution folks.
economistwritingeveryday.com/2025/12/29/p...
I'd argue that the "new era of theory" is already underway, though, led not by economists, but by comp social sci/cultural evolution folks.
growth, we would be better off transforming the global trading system so that members are penalized, not rewarded, for suppressing wages. The whole world benefits from rising wages, not from rising "competitiveness".
www.foreignaffairs.com/united-state...
growth, we would be better off transforming the global trading system so that members are penalized, not rewarded, for suppressing wages. The whole world benefits from rising wages, not from rising "competitiveness".
www.foreignaffairs.com/united-state...
This creates a kind of Kalecki paradox in which policies that benefit the individual make the system worse off.
Rather than each of us deciding to compete more aggressively in such a system, which would mean putting further downward pressure on global demand and global...
This creates a kind of Kalecki paradox in which policies that benefit the individual make the system worse off.
Rather than each of us deciding to compete more aggressively in such a system, which would mean putting further downward pressure on global demand and global...
Our current global trading system is one that encourages countries to compete by putting downward pressure on wages, with the country with the lowest wages relative to productivity "winning" in the form of large trade surpluses and an expanding manufacturing sector.
Our current global trading system is one that encourages countries to compete by putting downward pressure on wages, with the country with the lowest wages relative to productivity "winning" in the form of large trade surpluses and an expanding manufacturing sector.
When Macron says productivity is weak in Europe, what he really should say is that productivity is low in Europe relative to wages, or, to say exactly the same thing, that wages in Europe are higher relative to productivity than they are in China.
When Macron says productivity is weak in Europe, what he really should say is that productivity is low in Europe relative to wages, or, to say exactly the same thing, that wages in Europe are higher relative to productivity than they are in China.
What really matters is the relationship between productivity and wages. When wages are high relative to productivity, as in the US, consumption tends to be high and saving low. In China, wages are among the lowest in the world relative to productivity and saving the highest.
What really matters is the relationship between productivity and wages. When wages are high relative to productivity, as in the US, consumption tends to be high and saving low. In China, wages are among the lowest in the world relative to productivity and saving the highest.
American productivity, to take one obvious example, is higher than that of Europeans, and several times higher than that of the Chinese, and yet it is the US that runs huge deficits and China, with the highest saving rate in the world, that runs huge trade surpluses.
American productivity, to take one obvious example, is higher than that of Europeans, and several times higher than that of the Chinese, and yet it is the US that runs huge deficits and China, with the highest saving rate in the world, that runs huge trade surpluses.
Countries don't run trade deficits because of low productivity, any more than they run surpluses because of high productivity. That is not at all what global trade imbalances around the world tell us, and that is not why countries have lower or higher saving rates.
Countries don't run trade deficits because of low productivity, any more than they run surpluses because of high productivity. That is not at all what global trade imbalances around the world tell us, and that is not why countries have lower or higher saving rates.
youtube.com/live/lL-lxeQ...
youtube.com/live/lL-lxeQ...
🔐 Security: Includes security fixes for crypto/x509 (CVE-2025-61729, CVE-2025-61727).
🗣 Announcement: https://groups.google.com/g/golang-announce/c/8FJoBkPddm4/m/kYpVlPw1CQAJ
📦 Download: https://go.dev/dl/#go1.25.5
#golang
🔐 Security: Includes security fixes for crypto/x509 (CVE-2025-61729, CVE-2025-61727).
🗣 Announcement: https://groups.google.com/g/golang-announce/c/8FJoBkPddm4/m/kYpVlPw1CQAJ
📦 Download: https://go.dev/dl/#go1.25.5
#golang
english.elpais.com/internationa...
youtu.be/XX7PdJIGiCw
academicjobsonline.org/ajo/jobs/30496
www.youtube.com/watch?v=ybOr...
www.youtube.com/watch?v=ybOr...
1. What about AI lets you do different things from other digital art?
2. Do you feel like you have a unique “voice” with your AI art?
3. What AI visual artists inspire you? What about their work makes you inspired?
1. What about AI lets you do different things from other digital art?
2. Do you feel like you have a unique “voice” with your AI art?
3. What AI visual artists inspire you? What about their work makes you inspired?
📣 Announcement: https://groups.google.com/g/golang-announce/c/YEyj6FUNbik/m/_SDlIvxuCAAJ
⬇️ Download: https://go.dev/dl/#go1.25.3
#golang
📣 Announcement: https://groups.google.com/g/golang-announce/c/YEyj6FUNbik/m/_SDlIvxuCAAJ
⬇️ Download: https://go.dev/dl/#go1.25.3
#golang