Paddy Carter @paddycarter.bsky.social · 13hAcemoglu should win it again for taking revolutionary bolshevism mainstream i.e. Automation and Repression: economics.mit.edu/sites/defaul...economics.mit.edu 040
Paddy Carter @paddycarter.bsky.social · 16habsurd in comparison to the sums usually given to refugees 000
Paddy Carter @paddycarter.bsky.social · 16ha questionable decision by the International Rescue Committee to help Trump give absurd sums to Afrikaans "refugees" cis.org/Rush/Trump-R...cis.orgTrump Rekindles Biden-era Relationship with Refugee NGOThe Trump administration has awarded the New York-based non-profit International Rescue Committee (IRC) – a vocal critic of the administration – a $20 million contract to provide virtual professional ... 110
Paddy Carter @paddycarter.bsky.social · 08/10/2026presumably firms are going to start using AI price setting. In another context, someone was telling me how AI capacity to cooperative is astonishing (i.e. not act as decentralised rational actors in econ sense) so I suppose we are going to see tacit collusion between AI price setters 030
Paddy Carter @paddycarter.bsky.social · 08/10/2026Whatever the barriers are, the Chinese seem to have overcome them en.wikipedia.org/wiki/HTR-PM and this one is at least under construction, currently claiming 2029 completion: www.gevernova.com/nuclear/carb...en.wikipedia.orgHTR-PM - Wikipedia 000
Paddy Carter @paddycarter.bsky.social · 06/10/2026Interesting to read alongside voxdev.org/topic/method...voxdev.orgDoes Africa need development economics?Ken Opalo on the craft of policymaking and the economic research that Africa needs. 000
Paddy Carter @paddycarter.bsky.social · 06/10/2026Judging by my hip pain progression I want this available on the NHS within 5 years please www.sciencedaily.com/releases/202...sciencedaily.comGoodbye joint replacements? Stanford scientists found a way to regrow cartilage and stop arthritisScientists have found a surprising way to regrow damaged knee cartilage by blocking a protein that becomes more abundant with age. In old mice, the treatment restored naturally lost cartilage and also... 0102
Paddy Carter @paddycarter.bsky.social · 05/10/2026yeah yeah kiddo, this is payback for the three hours queuing for Nemesis at Alton Towers 000
Paddy Carter @paddycarter.bsky.social · 05/10/2026 for reasons I cannot explain this scared the pants off me www.itv.com/watch/chorlt...itv.com 010
Paddy Carter @paddycarter.bsky.social · 02/10/2026but there are large effects on the taxes paid by those wealthy individuals and the firms they own. Their firms shrink or are acquired by other domestic firms. 000
Paddy Carter @paddycarter.bsky.social · 02/10/2026here is ungated version of paper in new AER about what happens when wealth taxes cause rich people to leave the country. The economic impact looks small and if I am reading correctly, if tax cut ought to raise £1, you lose 24p because of behaviour response - in aggregate. But ...cowles.yale.edu 131
Paddy Carter @paddycarter.bsky.social · 01/10/2026imo that makes things ambiguous - could say CB is helping out capital, could say CB is responding to people's widespread dislike of inflation 110
Paddy Carter @paddycarter.bsky.social · 30/09/2026Oh, because falling U and rising wages would be occuring alongside inflation? 110
Paddy Carter @paddycarter.bsky.social · 30/09/2026What the mechanism there though? U shrinks, bargaining power up, labor share up capital down, capital grumpy ... but what stops U falling further, return on investment and hence rate of investment falling? 110
Paddy Carter @paddycarter.bsky.social · 30/09/2026other than that worker effort argument, the other reason I can imagine small U being inefficient could be if entrants or growing firms find it too hard to hire, having to lure workers from existing jobs (with "too hard" necessarily meaning needing too many HR staff) but no obvs that inefficient 100
Paddy Carter @paddycarter.bsky.social · 30/09/2026God my memory for this stuff has just gone... this is the sort of argument I recall for u>o "Firms set wages above the market-clearing level to induce effort, which generates involuntary equilibrium unemployment" and I presume there is an efficiency point tied to effort 100
Paddy Carter @paddycarter.bsky.social · 30/09/2026I can imagine a zero employment planned economy or market plus govt workfare or whatever, I presume we are appending "in a market economy" to that claim 110
Paddy Carter @paddycarter.bsky.social · 30/09/2026is "zero unemployment is not feasible" a statement you would agree with? I am not sure the problem is that as unemployment approaches zero the HR department in each firm would get too large 111
Paddy Carter @paddycarter.bsky.social · 30/09/2026I can sort of get the idea that the labour market might be inefficiently tight - unemployment too low - if it makes recruiting to slow or expensive or something, but they seem to have this idea of recruiters needed to "service a vacancy" - I don't understand what that is 100
Paddy Carter @paddycarter.bsky.social · 30/09/2026This is interesting. I suppose one might still believe that multinationals are ripping off poor countries because they ought to be paying even more tax. Zucman is hardly a shill for big business. www.aeaweb.org/articles?id=... 040
Paddy Carter @paddycarter.bsky.social · 29/09/2026I've got a vague memory of someone eviscerating this, with a history of self help groups in West, but I don't have that knowledge myself. I'd say self help helps, nobody ever thought it made poor countries rich 180
Paddy Carter @paddycarter.bsky.social · 29/09/2026here: brewyork.co.ukbrewyork.co.ukHome | Brew York Craft BeerBrew York - Award winning craft beer. Two breweries located across York brewing a wide variety of beer. Shop online now. Free delivery when you spend £50 000
Paddy Carter @paddycarter.bsky.social · 29/09/2026I was in York last weekend and was paying £3.80 I nearly fainted 130
Paddy Carter @paddycarter.bsky.social · 29/09/2026I couldn't make up my mind about Holden - I mean whether he's a depiction of anything that really exists (or close to it) - which is not necessarily necessary in a depiction of evil in art ... but he is rather over the top 000
Paddy Carter @paddycarter.bsky.social · 28/09/2026I reckon the baddies in Andor are excellent - most of the time they don't seen especially bad and they just seem like people doing their jobs 080
Paddy Carter @paddycarter.bsky.social · 28/09/2026pick of this week's NBER WPs. The commoditization of labour: masaofukui.github.io/Commoditizat... Atlantic current collapse could be good for North Africa/Southern Europe bfi.uchicago.edu/working-pape... As of 2026, humanity is below replacement fertility. www.nber.org/papers/w35809masaofukui.github.io 011
Paddy Carter @paddycarter.bsky.social · 28/09/2026OK ... but MAGA has a track record of doing things people would have said in advance was not possible, so I don't think it's that surprising a lot of people's instinct is that they will pull off something outrageous 000
Paddy Carter @paddycarter.bsky.social · 22/09/2026I wonder if UK HMG sends people on the World Bank's courses about how to use administrative data to improve public service delivery courses.wbginstitute.org/course/gover...courses.wbginstitute.orgGovernment Analytics: Fall 2026The course explores how government analytics can leverage government-wide microdata to evaluate every team in every public organization, thus addressing information gaps on public sector performance a... 010
Paddy Carter @paddycarter.bsky.social · 22/09/2026if you have experience in loan syndication / distribution and fancy working on something a little different - emerging and frontier market assets - we are hiring for a senior position: isw.changeworknow.co.uk/bii/vms/e/ca...isw.changeworknow.co.ukDirector and Head of DistributionAbout BII British International Investment (BII) is the UK’s leading development finance institution, wholly owned by the UK Government. Our primary mission is to address global development challenges... 000
Paddy Carter @paddycarter.bsky.social · 18/09/2026Ok this justifies the gazillions $ spent on AI I'm a convertshare.googleAI machine 'helps save 25 million Lego bricks from landfill'The automated technology can sort up to 100,000 pieces a day at a Lancashire mill. 040
Reposted by Paddy CarterBartapest @bartapest.bsky.social · 17/09/2026China’s new 134km Pinglu Canal creates a direct river-to-sea gateway to #ASEAN, cutting shipping routes by 560km and logistics costs up to 30% - a game-changer connecting Yunnan, Guizhou, Sichuan, and Chongqing to booming regional #trade: www.aljazeera.com/news/2026/9/... #China #Vietnamaljazeera.comWhat’s the Pinglu Canal, China’s new gateway to Southeast Asia?China's first modern river-to-sea canal could significantly cut down time and costs of trade to Southeast Asia. 011
Paddy Carter @paddycarter.bsky.social · 17/09/2026Emily St John Mandel is imo the best contemporary sci fi writer, style wise 000
Paddy Carter @paddycarter.bsky.social · 17/09/2026Ursula le Guin was just great without an editor - Jack Vance has style (but needed trimming here and there) - but otherwise God yes I so often read sci fi thinking I could cut 25% and leave a better book. Just flabby writing. 200
Paddy Carter @paddycarter.bsky.social · 17/09/2026My most frequent use of copilot is compensating for outlook's dreadful search function. Find me that email about X 020
Paddy Carter @paddycarter.bsky.social · 17/09/2026I feel like there are lots of firms in LMICs that cannot obtain all the capital they need. I reckon there might be one or two in UMIC too. I just WB announce something with BNDES in Brazil for hard to decarbonise sectors, perhaps them 010
Paddy Carter @paddycarter.bsky.social · 17/09/2026UK development finance helping with that: ar2024.bii.co.uk/building-the...ar2024.bii.co.ukBuilding the infrastructure for India’s green transition - BIIThis innovative partnership is developing transmission and battery storage projects across India. 000
Reposted by Paddy CarterKevin Carey @kevincareywb.bsky.social · 16/09/2026Michael Kremer to be World Bank Group Chief Economist (effective October 1). www.worldbank.org/en/news/pres...worldbank.orgMichael Kremer Appointed as World Bank Group Chief EconomistWBG President Ajay Banga announced that Nobel laureate Michael Kremer has been appointed as World Bank Group Chief Economist and Senior Vice President for Development Economics, bringing one of the wo... 042
Paddy Carter @paddycarter.bsky.social · 16/09/2026Check out Silent Alarm remixed, if you have not. 100
Paddy Carter @paddycarter.bsky.social · 16/09/2026Oh god. I am reading Godless Youth at the moment, here is the page I happen to be on: 110
Paddy Carter @paddycarter.bsky.social · 16/09/2026I think the only explanation for, well, everything, is that approaching 50% of people are mean, stupid or both. Which is a pretty negative take on humanity. But where are the not mean and stupid billionaires? This exceeds my negativity. 000
Paddy Carter @paddycarter.bsky.social · 16/09/2026I still can't quite accept that so many otherwise intellectually competent people (which I mostly presume of the non-inherited rich) cannot see what an appalling evil clown show MAGA is and are, I presume, dreadful racists. I realise this means I am not believing the evidence of my own eyes. 200
Paddy Carter @paddycarter.bsky.social · 15/09/2026You ask a banker about the counterfactual they think you're asking them to describe possible alternative universes. 000
Paddy Carter @paddycarter.bsky.social · 15/09/2026God yes. But see my reply to myself - there are better ways of talking about the idea 010
Paddy Carter @paddycarter.bsky.social · 15/09/2026For some reason the wor always triggers a reaction about ridiculous imaginary scenarios. Whereas if you just say the same thing in different words - such as why are we needed and what different are we making - people can answer without wigging out 100