By way of Mark Thoma , an absolutely brilliant paper by economist Paul Pfleiderer of Stanford University looking at how economists use and ...
Taxis by algorithm -- streamlining city transport with graph theory
I recently stumbled across this fascinating preprint from last year by some computer scientists and applied mathematicians. They show how t...
Arrogant physicists -- they think economics is easy?
Economist Chris House wonders why so many physicists are drawn to economics . It's a fair question, and I suppose it must seem strange -...
Random oblivious transfer -- you may be using it soon
In the age of the Internet, and mobile everything, we increasingly need to interact with complete strangers. We don't know them, we can...
Marvellous market wisdom -- another example
From Matthew Klein at Bloomberg, Is Yahoo's Business Worth Less Than Nothing? , a graph showing how the values of Yahoo and its various ...
A tale of two figures
I guess two pictures should be worth 2,000 words, but these two graphs say a lot more than that about how the recession is both ending AND ...
Depressing but important...
Joseph Stiglitz is always worth reading. On the wrong side of globalization looks at the ongoing effort to surreptitiously create the Trans...
Capitalism Redefined
A terrific must-read article by Nick Hanauer and Eric Beinhocker. F or everyone but the top 1 percent of earners, the American economy is ...
Bio-finance: why HFT makes stocks flock like birds...
High-frequency trading is controversial. More than half of all trading now takes place this way, and there's no end in sight to this “...
Life -- a concept, not a reality
Scientists have struggled for many years to define life. What is living and what is not? Is a virus alive? What about a growing crystal? No ...
Axiomatic equilibration, performed axiomatically
"the axiomatic imposition of equilibrium," over at Medium.com.
Macro muddles
Noah Smith has a new post which displays his great flexibility as a blogger. He's a fairly stern critic of modern macroeconomics, usual...
Stop banking abuse with radical information transparency
Anyone who has read this blog consistently knows that I've written on and off about an important developing body of work showing how alg...
Physics of Finance: Medium collection
I've started what is called a collection over at Medium.com. The collection's name is the same as this blog. To follow content added...
Economists' "just so" stories...
A "just so" story is one that gives a nice comforting but ultimately fantastic explanation for some puzzling and unexplained thing...
Make banks less risky with a tax -- one they don't have to pay
I wrote recently in Bloomberg about a really cool proposal to introduce a new kind of tax on financial transactions. The tax would be spec...
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