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Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2024

nobelprize.org

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Re: Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2024

#11

Post by superidiot1932 »

pavlov wrote: post #8
EugeneG wrote: post #2

Which is why the pro-Trump tech folks are playing with fire. Exchanging potentially faster approvals/lower regulation for favored projects, for an environment where rule of law and institutions are weakened.

The pro-Trump tech folks are 90% about crypto. It's single-issue politics, like abortion or gun rights. Scratch the surface on a SV Trump supporter like Marc Andreessen, and you'll find a big bag of crypto that they want to keep dumping on retail investors.

Which crypto Bill Ackman is trying to dump on retail?

Re: Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2024

#12

Post by NeutralForest »

Very cool to see public econ and history of economics represented! On top of the popular release, there's usually some advanced background info (https://www.nobelprize.org/uploads/2024/10/advanced-economic...) which is admittedly pretty massive but gives a lot of background about the Prize.

Re: Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2024

#13

Post by doodlebugging »

Seems like one conclusion that can be drawn is that the indigenous people who get colonized should just shut up and enjoy their new reservations. The political, societal, and economic benefits of colonization were not intended to help them. Those changes were only to help those who did the colonizing build a new society that was free from the institutions that prevented them having a voice in how they were able to conduct their lives back in the old (European monarchy) country. Shit rolled downhill in the new country and the oppressed became the oppressor.

It worked out in the end though for those who survived since they now have representative government with members elected who are beholden to the people and who remember the main lesson of the past - grassroots organization against oppression is the only tool that works to preserve freedom for the majority of the people in a country.

Re: Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2024

#14

Post by js8 »

cjalmeida wrote: post #5

I strongly recommend Acemoglu, Robinson classic book "Why Nations Fail" https://www.amazon.com/Why-Nations-Fail-Origins-Prosperity/d... It's very accessible, no economics background required. Along with Krugman and Kahneman, one of the few economics scholars that take the time to write a book for layman.

I read the summary from the review and I am not convinced that neoliberal US and EU have a less extractive governance structure than China has, as the authors seem to claim. It's been a decade since the book was published and China is still going strong. We will see.

Re: Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2024

#15

Post by sameoldtune »

doodlebugging wrote: post #13

Seems like one conclusion that can be drawn is that the indigenous people who get colonized should just shut up and enjoy their new reservations. The political, societal, and economic benefits of colonization were not intended to help them. Those changes were only to help those who did the colonizing build a new society that was free from the institutions that prevented them having a voice in how they were able to co…

Well it’s kind of a moot point if we only care about “those who survive”.

Re: Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2024

#17

Post by dash2 »

js8 wrote: post #14
cjalmeida wrote: post #5

I strongly recommend Acemoglu, Robinson classic book "Why Nations Fail" https://www.amazon.com/Why-Nations-Fail-Origins-Prosperity/d... It's very accessible, no economics background required. Along with Krugman and Kahneman, one of the few economics scholars that take the time to write a book for layman.

I read the summary from the review and I am not convinced that neoliberal US and EU have a less extractive governance structure than China has, as the authors seem to claim. It's been a decade since the book was published and China is still going strong. We will see.

China has become more and more authoritarian under Xi, its GDP growth stats may be dodgy, and recently its housing bubble has popped big-style. It could go the way of Japan. I agree with your last sentence, all the same.

Re: Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2024

#18

Post by whimsicalism »

doodlebugging wrote: post #13

Seems like one conclusion that can be drawn is that the indigenous people who get colonized should just shut up and enjoy their new reservations. The political, societal, and economic benefits of colonization were not intended to help them. Those changes were only to help those who did the colonizing build a new society that was free from the institutions that prevented them having a voice in how they were able to co…

i don’t fully understand your post, but I don’t think

“grassroots organization against oppression is the only tool that works to preserve freedom for the majority of the people in a country”

is a good takeaway for native americans and i struggle to imagine a counterfactual where native americans having this knowledge at the start of colonization would make any significant difference to the course of events

Re: Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2024

#19

Post by whimsicalism »

EugeneG wrote: post #2

Which is why the pro-Trump tech folks are playing with fire. Exchanging potentially faster approvals/lower regulation for favored projects, for an environment where rule of law and institutions are weakened.

More rules doesn’t mean stronger rule of law.

Having lots of weakly enforced or discretionary laws is net worse for rule of law and a stable non-corrupt society.

Re: Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2024

#20

Post by nabla9 »

js8 wrote: post #14
cjalmeida wrote: post #5

I strongly recommend Acemoglu, Robinson classic book "Why Nations Fail" https://www.amazon.com/Why-Nations-Fail-Origins-Prosperity/d... It's very accessible, no economics background required. Along with Krugman and Kahneman, one of the few economics scholars that take the time to write a book for layman.

I read the summary from the review and I am not convinced that neoliberal US and EU have a less extractive governance structure than China has, as the authors seem to claim. It's been a decade since the book was published and China is still going strong. We will see.

Not really:

https://data.worldbank.org/share/widget?contextual=aggregate...

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