Shashank Nayak 🏗
@ShazCoder
Software Engineer. Interested in Economic History, Finance and Programming.
Potrebbero piacerti
Economic growth and development becomes much more cooler and awe inspiring when you think of it less as "line goes up" and more as "increasing productive power of the species".
Wow! I'm over the moon at Joel Mokyr getting the Economics Nobel. It's not only recognition of the primacy of innovation to the history of economic growth, but also a recognition of the old-school methods.
Delighted with the choice of Joel Mokyr, Philippe Aghion and Peter Howitt for the Econ Nobel. Mokyr reconstructed the history of technological innovation. Aghion and Howitt elaborated on the mechanism. Schumpeter would be happy.
Allen: the Industrial Revolution was the result of Britain’s uniquely high wages and cheap coal, which made labor-saving innovations economically worthwhile. Mokyr:
The most popular mainstream music & movies have been garbage for as long as I can remember but the difference from then (90s and most of the 2000s) and now is that there used to be no social pressure to go along with market-driven hype and pretending corporate slop is great art.
Debt is "real money"; if the debt doesn't get paid there is a debt overhang in the overall economy, and people will have no choice but to contract their spending which leads to recession In contrast, stocks are just paper wealth (with some slight wealth effects)
The combined amount of debt in PE and real estate is really insane right now, and the fact that PE / real estate are taking on more debt to do AI buildout is bonkers It's like some degenerate gambler trying to oneshot his way out of a losing streak, only gonna end one way
The combined amount of debt in PE and real estate is really insane right now, and the fact that PE / real estate are taking on more debt to do AI buildout is bonkers It's like some degenerate gambler trying to oneshot his way out of a losing streak, only gonna end one way
The AI bubble is not great, but what sends the economy into a deep recession is going to be the implosion of (highly leveraged, credit-fueled) private equity (PE) and real estate investments
Yeah. I agree.
Wow look at me go
Daily Mail UK released photos of Katy Perry and former Canadian Prime Minister Justin Trudeau kissing on Katy’s yacht in California.
Joel winning is a big day for economic history fans!
BREAKING NEWS The Royal Swedish Academy of Sciences has decided to award the 2025 Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel to Joel Mokyr, Philippe Aghion and Peter Howitt “for having explained innovation-driven economic growth” with one half to Mokyr…
In general to be a developed country, you need to have certain economic policies in place. You don't need to have a British-style political system with competing political parties that run politicians in popular vote elections. A system that is often called "liberal democracy."…
China is doing better than ok. Shanghai and Shenzhen are cities of 20-25 million people that are now among the richest places in the world. And China is 1.4 billion people, which means that MOST of the developed world is not a liberal democracy.
Some personal news: I've left @WSJ after 11 years. I've had a blast covering central banks, markets, finance and aviation, and meeting some of the most amazing people in the business. The other bit of news: I'm joining @Breakingviews, this time with a focus on global economics.
During his address to the Israeli Knesset, Trump publicly urged President Herzog to grant a pardon to Prime Minister Netanyahu, calling for the cancellation of his corruption trial.
A friend notes that in Sensible Grown Up Multicultural UAE, parties pay translation for themselves if they can't understand Arabic
A man accused of stalking and sexually assaulting a woman has seen his court case adjourned as a no translator was available.
On this Columbus Day, I am remembering America's *true* founding (the 14 year period during which part of the present-day United States was ruled by the Knights Hospitaller)
Four items by Mokyr: the first is a topic recognised by the Nobel, but the other three are less well known areas of Mokyr: his study of the Irish famine, his explanation of why the Dutch Republic was not the first, and his artisan theory of the Industrial Revolution.
After more than 2 years since Oct 7th, Hamas no longer has any living Israel hostages in captivity
Trump: Hezbollah has been eliminated They r scout boys now
I must say I'm completely and strongly opposed to this. The good name of President Trump should not be coupled with that institution. They should give it to Greta. They deserve each other.
“I hereby announce, we will rally speakers and presidents of parliaments from around the world to submit your candidacy for the Nobel Peace Prize next year”
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