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Marginal Revolution

Marginal Revolution

Newsletter | United States | Mitte-Rechts

Economics blog by Tyler Cowen and Alex Tabarrok covering economics, culture, and ideas.

Engagement-Einblicke

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Artikel

Diskussionen von Marginal Revolution

Politics

Is Lichtenstein an actual monarchy?

It seems so: Internal documents reviewed by the FT show that three days earlier, behind the walls of Vaduz Castle, Europe’s wealthiest ruling dynasty had quietly approved an overhaul that strengthens the authority of a prince who already wields extraordinary power over his 42,000 citizens, while reducing some of the rights and checks exercised by […] The post Is Lichtenstein an actual monarchy? appeared first on Marginal REVOLUTION. Related StoriesHow are the market valuations for the U.S: in...

Liechtenstein
Economy

Numbers, numbers, numbers

“The global cyber insurance market was worth nearly $15 billion last year and is expected to reach roughly $28 billion by 2030, Munich Re estimated in its latest report. Aon said earlier this year that nearly 20% of cyberattacks will involve generative AI by 2027, according to its forecasts.” Here is the article, via Marc […] The post Numbers, numbers, numbers appeared first on Marginal REVOLUTION. Comments“but I am saying they are better than no numbers at all” . by Wayfaring StrangerThis is...

Global
Business

And it begins…(a good start…)

Wall Street banks are pushing large law firms to cut fees, arguing that the business model that has enriched top lawyers for decades is not sustainable in an era of AI. Morgan Stanley and Citigroup have told major law firms they want to set up new payment arrangements that would save them money, the banks’ […] The post And it begins…(a good start…) appeared first on Marginal REVOLUTION. CommentsIn reply to Dan S. I can give an example of AI being helpful . by AladdinIn reply to Kyle. The prob...

United States
Economy

Share price numbers for the Hugging Face incident

…major publicly traded cybersecurity firms lost roughly $65–80 billion, or about 8–10% of their combined value, in the days following disclosure of the Hugging Face/OpenAI incident; by early September they had recovered roughly $58 billion, representing about 70–90% of that drawdown, depending on whether July 15 or July 20 is used as the pre-event baseline. […] The post Share price numbers for the Hugging Face incident appeared first on Marginal REVOLUTION. Related StoriesHow Much Redistribut...

United States
Technology

Richard Fontaine interviews me about AI

For the American Society for AI. The post Richard Fontaine interviews me about AI appeared first on Marginal REVOLUTION. Related StoriesThe College Wage Premium in the Generative AI EraAmerica is still poised for a data center boomMore optimistic results on AI and job markets

United States
Culture

My excellent Conversation with Michael Moritz

Here is the audio, video, and transcript. Here is the episode summary: Michael Moritz has written books through every phase of his life: the first history of Apple and an account of Chrysler’s near-death while he was a journalist at Time, a study of Alex Ferguson’s Manchester United in the middle of his 38 years at […] The post My excellent Conversation with Michael Moritz appeared first on Marginal REVOLUTION. Related StoriesWhat should I ask Yiyang Zhuge (诸葛一杨), also known as Zhong Shu (仲树)...

Global
Politics

Who values democracy?

This paper examines the conventional view that redistribution is central to the democratization process using data from stock markets. Consistent with this view, democratizations have a large, negative impact on asset valuations driven by a rise in redistribution risk. Across 90 countries over 200 years, risk premia are substantially elevated— similar in magnitude to financial […] The post Who values democracy? appeared first on Marginal REVOLUTION. CommentsIn reply to Bill Allen. Pretty easi...

Global
Economy

The College Wage Premium in the Generative AI Era

After expanding for four decades, the U.S. college wage premium is experiencing a sustained contraction, dropping sharply from 0.626 in 2022 to 0.575 in 2026. Using Current Population Survey Outgoing Rotation Group data through 2026, we show that standard market-clearing supply-and demand accounting implies an unprecedented drop in relative demand for college labor-the first sustained […] The post The College Wage Premium in the Generative AI Era appeared first on Marginal REVOLUTION. Related...

United States
Technology

America is still poised for a data center boom

Eric Levitz, via Matt Yglesias. The post America is still poised for a data center boom appeared first on Marginal REVOLUTION. Related StoriesThe College Wage Premium in the Generative AI EraMore optimistic results on AI and job marketsThe Hugging Face hack

United States
Technology

AI and Employment: So Far, So Good

In September 2023, the Census Bureau added questions about AI to its Business Trends and Outlook Survey. Census asked hundreds of thousands of businesses whether they had used AI in the previous two weeks to produce goods and services. At that time, 3.7% said yes; by late 2025 the figure had reached about 10%. (In […] The post AI and Employment: So Far, So Good appeared first on Marginal REVOLUTION. CommentsNot looking good for the revenue targets of OpenAI, SpaceX, and . by VulcidianRelated ...

United States
Technology

The Hugging Face hack

That is the topic of my latest Free Press column. Some people are taking this in very dramatic fashion: One commentator is worried about a “full-blown AI takeover within months,” and another wrote that he was “feeling a bit sad about our impending extinction.” Nate Soares, who works in the AI safety movement and is co-author of the doomsday […] The post The Hugging Face hack appeared first on Marginal REVOLUTION. Related StoriesAI and Employment: So Far, So GoodAnthropomorphizing AI?Russia ma...

United States
Economy

Russia markets in everything

While Western export bans have severed Russia from much of the auto market, they have not tempered the demand for brand-name SUVs and trucks. That has given rise to a sophisticated network of criminals that steals cars, hides them in shipping containers and sends them to Russia, often by way of the Middle East… Interpol, […] The post Russia markets in everything appeared first on Marginal REVOLUTION. CommentsWe had a vehicle stolen decades ago, a Toyota Landcruiser. by deariemeIn reply to TMC...

Global