Seth Benzell - the LA-atic Stranger
@SBenzell
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Assistant Professor at Chapman University; Fellow, MIT IDE and Stanford DEL; Co-host of Justified Posteriors Podcast https://t.co/BJbcIOiwuv
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Joined January 2014
We’re launching the Justified Posteriors Podcast, co-hosted by Andrey Fradkin and me - Seth Benzell. Thanks to Tyler for today’s shoutout -- he’s a key inspiration. We evaluate research on the Economics of AI and Tech, with a good helping of wit and light hearted irreverence.
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this is probably a massive deal but it depends on your r_wacc.
"Claude please make a discounted cash flow financial model. Make no mistakes." I've never made a financial model in my life before this and Claude one shots a 9-sheet workbook complete with formulas for me. Vibe excel era.
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"Economics of transformative AI” summer course wrapped up just over a week ago. Here are the slide-decks from the course: https://t.co/TacXdsEZlK Most of the slides are from the (inimitable) @pawtrammell, some from me, and some from our great guest lecturers (1/2)
docs.google.com
Economics of Transformative AI course materials Produced by Phil Trammell and Zach Mazlish, unless otherwise noted, for a two-week summer program hosted at the Stanford Digital Economy Lab, August...
I'm going to be helping @pawtrammell teach a course on the economics of transformative AI this summer at Stanford — if that sounds of interest to you, applications are open! https://t.co/DMYyJu9oBN
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The audience demanded that we cover a recent, sensational paper claiming that AI is already causing job loss for young cohorts. @SBenzell and I dig deep in our latest Justified Posteriors episode. Some thoughts:
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Need to get Nate Habsburg posting more often, even if it is low hanging fruit
We've basically got Charles II of Spain running the HHS because of his family name maybe enough of this nepo shit.
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We recently did a Justified Posteriors episode on @ide_enrique's interesting paper in case you prefer podcasts to papers (link below). Also, look for an episode about the Canaries paper very soon.
Everyone’s talking about @erikbryn, @econ_b & @RuyuChen’s excellent new paper Canaries in the Coal Mine. It shows entry-level jobs shrinking in AI-exposed occupations. But wait: earlier studies found AI helps novices most. So why are entry-level jobs disappearing? (1/n)
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Something remarkable is happening in France The PM, who will lose his job next week, went live on TV: France's debt was accumulated to guarantee the "comfort of the boomers" at the expense of the next generation The truth is easily said when you are politically finished
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If you're a coder, you should consider going to this event in SF on Sep 6. I'm optimistic that it will produce useful research, and it needs more participation!
We’re hosting a historic hackathon with @METR_Evals, inspired by their latest paper that measured the real-world impact of AI coding tools. Here's how it works: 🤖 Half of participants will build with AI tools 👩‍💻 Half of participants will build without AI tools Judging is blind
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student meeting with their elderly advisor right before the job market
Witkoff: "There's only one thing I wish for: that that Nobel committee finally gets its act together and realizes that you are the single finest candidate since that Nobel award was ever talked about."
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In today's new episode of the Justified Posteriors podcast, co-host Andrey Fradkin and I ask, is it more efficient to have AI as a subordinate or a boss? And does that come at a penalty to fun? To do so we read "Artificial Intelligence in the Knowledge Economy" at the JPE
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I'm a bit late to this, but Hal is very generous and gave Scott Baker and I our first seminar invite as grad students, as well as a cool Google Economics shirt.
Hal Varian's retirement from Google is a major event. He was the architect of many aspects of Google's modern business operations and was copied by others I highly recommend this @WIRED article from 2009, which called him the "high priest of Googlenomics" https://t.co/7zg0yPTQvP
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In this week's very special episode of the Justified Posteriors podcast, co-host Andrey Fradkin digs into original data to ask a fundamental AI question -- Will inevitably there be one AI to rule them all? Or, like every other human industry, will multiple players compete?
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Goldman's latest (still very early) analysis of tariff effects thru June 2025: -Foreign exporters absorbed 14% of US tariffs -US companies ate 64% -US consumers ate 22% -Protected US companies also raised prices -Consumers will see bigger price increases (70%) thru the Fall
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Anyone else psyched for the Homestuck anime????
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If you think you can create better jobs numbers than the BLS then great, probably harder than you think but if you can, you can make a shitload doing macro trading and absolutely nothing is stopping you.
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Every serious economist should speak out in defense of maintaining non-partisan, professional statistical agencies in the US.
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