Urbanomics

Techno-optimists wax eloquently about the wonders of Artificial Intelligence (AI). For sure AI is the newest addition to general purpose tec...

I have blogged on several occasions about rent-seeking, including in the developed economies. This post points to three examples of institut...

1. The rise of dual class voting shares  in the US, where owners have outsized voting power and others very limited. 2. India's disinves...

The privatisation of Air India is a big moment. Given the tortuous two decade history of failed attempts, this is some achievement. Much wil...

A friend points to a paper by Jaedo Choi and Andrei A. Levchenko which draws attention to the long run welfare enhancing effects of indust...

Pseudorasmus draws attention to an excellent essay by Davis Kedrosky on the consequences of the Glorious Revolution. Far from ushering in I...

This post will argue that the biggest problem with modern finance lies in the twin problems of widening degree of separation of ownership fr...