Very happy to see this chapter, co-authored with @BondoHansen, available online. Will be of interest to anyone interested in how machine learning is transforming the cultures of financial modelling and bringing about a closer alignment with Big Tech. https://t.co/jUGDTB1FLr

There is no AI economy. It loses hundreds of billions of dollars and all gains are in speculative valuation. The only one making a profit is Nvidia, and it doesn’t make anything. It resells Taiwanese chips to companies that use them to lose money.

I don't know how people manage without air conditioning in this weather. The idea that opening a few windows and turning a fan on is good enough is crazy. The people responsible for stopping aircon from being built into in new build housing in Britain really should be in jail.

The stuff of nightmares

Is there a better feeling than receiving proofs?

Now out with New Political Economy: What's going on in the legal back-end of 'innovative' climate finance constructs? I provide some additional clues to why it's so hard to de-risk private climate finance by public means. Open access, too! https://t.co/seaP6l4sG8

I’m a consultant in private practice in London and I treat patients covered by private medical insurance every day. If you think it’s better in the UK, think again. I’ll share some stories I and my colleagues see every day. After reading these please DM me or share your own 🧵

I’m born and raised in Norway. I think it’s a beautiful country that I would love to live/build in but right now that’s not possible. Sadly Europe as a whole is falling behind due to innovation hostile policies/culture. If you all help calling it out it might improve eventually🙏

To riff on Rosa Brooks’ 2016 book: “How everything became finance and Treasury became everything”

🚨 New paper out! Excited to share this, where I take a 'weaponized interdependence' view at explaining historical failure and recent success in global tax policy - and how that view can help fight climate change and inequality🧵👇 #OA @Global_Policy: https://t.co/FSry1V1A5L

This meme was a small moment of enlightenment for me a long long while back

Is this real? Seems wild to use QR codes for pull transactions in payments.

(1/2) We need more attention to selection bias in qualitative research. A new study in a top sociology journal examines "how young people experience policing," but it draws only on interviews of youth in an organization devoted to abolishing the police, one that bombards...

This is really fascinating from @ByrneHobart. Money is a form of media

Wild how AI is quickly replacing “the market” as the preferred deus ex machina that American elites invoke to provide a future solution to a wicked problem so that they don’t need to do the difficult work of thinking carefully and making hard tradeoffs in the present day

Is there a word for overcomplicating a task with needless abstractions, only to achieve poorly what could’ve been done simply? In finance, that’s like delta hedging a long call and a short put separately to mimic a straightforward long stock position.

One of the weirder LLM glitches I've encountered. I asked my article summariser app to summarise a PDF with no embedded full text (PDF was just images of pages). Text extraction failed silently, and so no article text was provided to GPT-4-mini. In response, it pretended to be a

In his 1973 book The Coming of Post-Industrial Society, Daniel Bell argued that the shift to an information economy would enable women to compete more effectively in the labor market, as jobs would increasingly require education and intellectual skills rather than physical

For instance, this is a fascinating paper from the Journal of Finance from 2019 that makes the case that the demise of the doctrine of coverture -- which required women to transfer their assets to their husband upon marriage -- played a role in spurring industrialization in the