I have been reviewing what Robert J Gordon proposes. Here, for example, you can find for example a small TED talk with the summary of his proposal. His main thesis is that there have been three industrial revolutions and that nothing beats the second one: the invention of cars, airplanes, steel industry, chemical industry, strong ….  Read More

Today I want to talk a little bit about a family of prefernces which are famous in macro economics, the GHH preferences. Their origins go back to 1988 to a paper by Jeremy Greenwood, Zvi Hercowitz, and Gregory Huffman. The main idea of the function is to achieve some sort of separability of the labor ….  Read More

Today I want to briefly write about Rockefeller and Standard Oil. Most of what I write here can be found in the documentary Men who built America. It can also be found in some texts written by Jesús Fernández-Villaverde, although they are not yet published, so I cannot, unfortunately, provide the reference. The summary of ….  Read More