Show me economists who have the ability to "dictate", but if this is the call for ignoring expertise then it is a step toward Idiocracy
Economic populism also means dethroning economics. It’s not the job of economists to dictate how our economies should be run but to find solutions to implement democratically determined goals.
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A new @cepr_org DP on the effects of incentivizing elicitation of inflation expectations might be influential. Drobot et al. show that incentivizing matters a lot in their experiment. 1/
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Patrick Nuess (Nüß) retweeted
The US midterms offer a clear winning strategy for the European left: - Don't be in government. - Have an extremely unpopular and delusional incumbent. - Hope he starts a war nobody understands. - Hope for soaring gas prices and inflation. - Face historically weak candidates.
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Patrick Nuess (Nüß) retweeted
Mark Zuckerberg gotta change his whole look again
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Patrick Nuess (Nüß) retweeted
What is life like at different levels of GDP per capita? In this new chart I visualised it for 12 different dimensions.
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Patrick Nuess (Nüß) retweeted
Was kostet die Vergesellschaftung den Berliner Haushalt? Rechnen Sie selbst: Entschädigung, Miete und Zinsen einstellen, Ergebnis Jahr für Jahr ablesen. Plan der Sondierung (16 Mrd. €, 8 € Miete): rund 350 Mio. € Zuschuss pro Jahr aus Steuermitteln. alexanderkriwoluzky.com/verg…
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Patrick Nuess (Nüß) retweeted
This is a good question. So labor economics circa 2026 reflects insights from institutionalist and heterodox ideas from 1950s, 1970s, 1980s that were neglected for many years in mainstream economics at the time. This includes the ideas of wage contours, segmented labor markets, contested exchange. (Even as these terms may be unfamiliar to many labor economists today.) Part of the empirical turn in labor economics is that we today are much more attuned to realistic aspects or wage setting, and can incorporate insights from a variety of sources that were ignored at the time. I write about this in my book, The Wage Standard.
Replying to @florianederer
Or, what recent ideas by heterodox economists were initially dismissed but have since become mainstream economics?
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Patrick Nuess (Nüß) retweeted
Officially Conditional Accept (Data) at the American Economic Review!🎉 I'm very grateful to the editor and referees for making the paper better and to everyone who supported me throughout. Domestic violence research is back in the AER, 16 years after Aizer (2010)! Paper in a nutshell: When the husband profits from his wife’s labor, physically hurting her costs him. After a coffee mill opening, women in the mill catchment areas are less likely to self-report domestic violence relative to the year before. Within the year, hospitals in the mill catchment areas are less likely to have a domestic violence patient in the peak harvest months, when the mills operate and that cost is likely to be highest. The results align with Becker’s (1968) economic model of crime: There is a cost. There is a benefit. If the cost outweighs the benefit, violence falls.
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Patrick Nuess (Nüß) retweeted
BREAKING NEWS The Royal Swedish Academy of Sciences has decided to award the 2026 Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel to Robert E. Hall and Michael Woodford “for microeconomic foundations of macroeconomic stabilisation.” #NobelPrize
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Patrick Nuess (Nüß) retweeted
Economics is the *only* scientific field in which the concentration of institutional affiliations of award-winning researchers (i.e., more winners at top universities) has increased over time.nber.org/papers/w35875
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Patrick Nuess (Nüß) retweeted
In case you're excited about labor economics and are considering a predoc: please come and work with my wonderful colleagues and me at the @Princeton @PrincetonEcon Industrial Relations Section. Please spread the word! 🙏👇 irs.princeton.edu/senior-res…
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Patrick Nuess (Nüß) retweeted
🧵 #Tankrabatt ist nicht alleine: In der letzten Dekade wurden viele neue (Dauer)subventionen geschaffen: E-Auto-Prämien, GEG-Heizungsförderung, Industriestrompreis, Mütterrente & Gastro-Privilegien... Zusammen ca. 37 Mrd. €/Jahr. Was wäre, hätte man Arbeit entlastet?
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Patrick Nuess (Nüß) retweeted
I have started in a new position as professor of economics at NTNU Norwegian University of Science and Technology. I'm now recruiting a postdoc and a full-time research lab manager for a new AI center. Application deadline October 15 for both positions. Details in the thread!
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Patrick Nuess (Nüß) retweeted
Academic job market
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Patrick Nuess (Nüß) retweeted
actually my research also has a 10% chance of destroying humanity
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Patrick Nuess (Nüß) retweeted
Es gibt eine offizielle Stellungnahme des @VfS_econ , verfasst von Regina Riphahn, Kerstin Schneider und mir (unter Mithilfe einiger KollegInnen) zum drohenden Verlust von Daten in Deutschland. Bitte RT und mit Euren Kontakten in der Politik sprechen. socialpolitik.de/de/kommissi…
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Patrick Nuess (Nüß) retweeted
📣 Call for Papers: Early-Career Behavioral Economics Conference 2027 Join us in Zurich on June 22–23, 2027! 🗓️ Submission deadline: December 15, 2026 🔗 More info: sites.google.com/site/ecbeco…
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Patrick Nuess (Nüß) retweeted
There is debate over how Pangram works, so I did an experiment. 1) I start with the US Constitution (reassuringly, 100% human written). 2) I next asked for edits to spelling and grammar only. This is 1% AI written. 3) I then asked for clarity rewrite. Much more AI written
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