ACX
Does Georgism Work? Part 2: Can Landlords Pass Land Value Tax on to Tenants?
Lars Doucet examines whether landlords can pass Land Value Tax on to tenants, concluding that empirical evidence supports they cannot.
41 min read 6,309 words
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economic theory
Essays tagged “economic theory”. Follow an idea across the archive.
Essays on economic theory
8 essaysSSC
[ACC] Will Automation Lead To Economic Crisis?
The post argues that automation and AI are unlikely to cause a sustained economic crisis, as new jobs will be created to replace those automated, though the benefits may primarily go to capital owners.
28 min read 4,312 words
SSC
Followup On The Baumol Effect: Thanks, O Baumol
Scott Alexander follows up on his critique of a book about the Baumol effect, presenting data that challenges the book's claims about rising wages driving cost increases in education and healthcare.
13 min read 1,940 words
SSC
Book Review: Why Are The Prices So D*mn High?
Scott Alexander reviews a book attributing rising service costs to the Baumol effect, finding it convincing but raising some concerns about conflicting data and affordability issues.
13 min read 1,976 words
SSC
Book Review: Zero To One
Scott Alexander reviews 'Zero To One' by Peter Thiel, discussing its advice on creating monopolies, believing in secrets, and embracing definite optimism for successful startups.
39 min read 5,908 words
SSC
Book Review: Inadequate Equilibria
Scott Alexander reviews 'Inadequate Equilibria' by Eliezer Yudkowsky, a book exploring systemic failures, decision-making, and the limits of social consensus.
56 min read 8,532 words
SSC
Money On The Ground
Scott Alexander defends an economic principle often mocked in jokes, explaining its validity when applied to long-standing, seemingly obvious financial opportunities.
2 min read 220 words
SSC
Inefficient Hot Dogs
Scott Alexander examines the hot dog and bun quantity mismatch as evidence that markets may not always efficiently respond to consumer preferences.
3 min read 315 words