Posts in Economic Theory and Acadmics
Things to think about #10 - Ukraine, the Endgame, and Coding with AI

Glenn Loury and John McWhorter are at their best when they disagree, and I enjoyed their discussion about the disastrous exchange between Trump, Vance, and Zelensky at the White House. Both agree that the U.S. is right to push for a negotiated settlement, which involves pressuring Ukraine to acknowledge its precarious position. However, they diverge on how this pressure was communicated and its potential repercussions. Glenn argues that Trump and the vice president rightly prioritized American interests by applying pressure on Zelensky, while John takes the opposite stance, framing his argument within a broader critique of the U.S. president and his administration.

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A new feudalism?

I recently finished Techno Feudalism: What Killed Capitalism by Yanis Varoufakis, on audiobook read by the author himself. It offers an interesting perspective on modern capitalism or, in the opinion of the author, why capitalism as we know it is dead. Mr. Varoufakis writes from the left, which grants him a unique perspective inherent to that side of the political spectrum. Marxism is interesting primarily for its critique and diagnosis of capitalism’s structure, not for its purported inevitable end-result of a communist revolution. In this sense, Mr. Varoufakis’ book is an enlightening read.

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Things to think about #7 - Glenn Loury, Life History Theory, LatAm fertility and Substack economics

I am a big fan of US economist and academic Glenn Loury. He is smart, honest and well-articulated. He is also not afraid of an intellectual scrap if he stumbles upon one. He is an indispensable public commentator and intellectual whose ideas and influence go far beyond the confines of race, and associated social issues, in the US where he has staked his claim to fame and authority most comprehensively. Glenn has an impressive back-catalogue of writing and citations, but the best way to get a sense of him is by listening to his podcast the Glenn Show, which can be found on all the usual platforms. I am also a big fan of his co-conspirator, John McWorter, a US linguist and public intellectual, with whom Glenn runs a bi-weekly conversation on his podcast, and Q&A for paying subscribers. It is a must-listen. On this occasion, however, I want to recommend Glenn’s recent discussion with Larry Kotlikoff, a US academic economist, in which they discuss the economic policy ideas of the two candidates in the upcoming US presidential election ideas, and the US economy more generally. As the title of the podcast goes; if only we had an economist in the White House!

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The fertility wars

The political flurry in the US over the virtues of parenthood and a high birth rate is part of a much larger cultural moment in which the debate on the significance of falling global fertility is pitting two increasingly militant and unyielding sides against each other. We have trade wars, culture wars, even actual wars; we can now add fertility wars to the list. When Elon Musk, a US entrepreneur and businessman, calls Ms. Harris an “extinctionist”, because she has linked the reluctance of young people to have children to “climate anxiety”, he means it, just as he means it when he concludes that “the natural extension of her philosophy would be a de facto holocaust for all of humanity!”

How to get handle on this? With difficulty, but in the end, hopefully with precision and clarity. First, I will briefly show that the fertility wars have been fought for a long time. I will then draw the contours of three separate positions in the fertility wars today—on the Conservative right, on the left, and a feminist perspective—before offering a suggestion on where this discourse goes next, and where it ultimately ends up, if we are sufficiently unlucky or un-attentive.

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