A short video of 'Population and Welfare: The Greatest Good for the Greatest Number' (with Mohamad Adhami, Mark Bils, and Pete Klenow). What if we value additional people as well as per capita growth?
youtube.com/watch?v=JLWIfJ…

Congratulations Jean-Felix Brouillette (Jean-Félix Brouillette)! Starting at HEC Montreal this fall as an assistant professor. He made this beautiful piece to celebrate: generations of advisers. A great artist, economist, and person! @peteklenow Olivier Blanchard

Very interesting; not to say we’ve got the mix of optimism and caution right, but this Chad Jones paper argues that as societies get richer they will (rationally) shift focus increasingly to safety/health, even at the expense of faster economic growth. web.stanford.edu/~chadj/Lifeand…

Across countries, population growth is at least as important as per capita consumption growth in contributing to growth in consumption-equivalent welfare, from Mohamad Adhami, Mark Bils, Chad Jones, and Pete Klenow nber.org/papers/w31999

A new year's gift. Solow on Solow. Take the time. infinite.mit.edu/video/robert-m…

An inspiration to all economists. We will miss you Bob Solow.

Remembering Bob Solow, the economist who ignited my fascination with the process of economic growth. Sharing a sketch I made of him during my undergrad years. Rest in peace.

A magical Generative AI dinner hosted by Stanford HAI, to cover the latest from:
• Google's Peter Norvig, 'AGI Is Already Here': noemamag.com/artificial-gen…
• @EricHorvitz, Microsoft's Chief Scientific Officer, 'Sparks of AGI in GPT-4': arxiv.org/abs/2303.12712
• Chad Jones, 'The…

Considering the optimal use of AI technology and the conditions in which rapid development of AI should continue or stop, from Chad Jones nber.org/papers/w31837

Clever, wonderful, and entertaining presentation of our paper -- great job! I agree that at least part of the explanation for declining research productivity could be misallocation. Looking forward to the next installment!

Browsing the research of Toby Ord and came across this beautiful collection of Earth, tobyord.com/earth

Congratulations, Guido Cozzi, very interesting!

I've really enjoyed reading the new substack by David Deming in his enlightening tours of interesting economics research. Today he visits development accounting and the excellent Hendricks and Schoellman (2018) paper. Bravo!

New paper: The Lindy Effect

One book has been in print for 3 years; another for 300. Which should we expect to go out of print first? 🧵

Today on Forked Lightning:
A Young Person's Guide to Larry Katz
What 35 years of groundbreaking research on education, neighborhoods, and inequality has taught us
forklightning.substack.com/p/a-young-pers…

David Autor and I wrote a paper about Lawrence Katz. Here is an event study of his QJE…

A) Malthus: More people ==> fewer natural resources per person ==> LOWER gdp per capita.

B) Growth theory: More people ==> more innovation ==> HIGHER gdp per capita.

Kevin Kuruc and I calibrate a model that suggests that (B) dominates: More people means higher gdp per capita.

Pierre Azoulay Matt Clancy Brian Albrecht Ashwin Varma Florian Ederer Kevin A. Bryan Scott Stern Two other resources:

1) Syllabus and slides from Pierre Azoulay Matt Clancy Ina Ganguli 🇺🇦 🌻 Ben Jones and I: progress.institute/economics-of-i…

2) Syllabus and slides from a broader group of teachers including Naomi Lamoreaux, Chad Jones, John Van Reenen: nber.org/conferences/in…

Interesting to see what GPT-4 can do and not do, and how hard it is to predict.

I taught a new undergraduate macroeconomics course LSE Department of Economics. Goals:

1. *Modern* macro = microfoundations rather than IS-LM

2. Simple enough that undergrads get it

3. But still end up somewhere reasonably close to research frontier

All materials here benjaminmoll.com/lectures/

Last week at #MarkusAcademy we had Stanford Graduate School of Business Prof. Chad Jones Chad Jones to discuss his new paper on A.I.: “The A.I. Dilemma: Growth versus Existential Risk.” A thread with the highlights 👇👇1/5