Six #nuclear reactors closed since 2013. By my count, up to 23 more reactors may retire w/o policy or market conditions improving: 21.6 GW = ~1/5th of US fleet, 4% of US #electricity--and crucially, 12% of emissions-free generation.
3/But even a cursory glance at the #ASSA2018 hashtag, which displays presentations and papers from the biggest econ convention, will show that most economists are NOT doing what the critics seem to think they're doing.
A few tweets on Al Roth's presidential address on "marketplaces, markets and mechanism design #ASSA2018
Mechanism design is what we do as theorists. Market design is what we do when we intervene in real markets to improve them. Practical market design part of economic engineering, which means details matter. Marketplace design ever better term than market design (more applied)
The rule of markets adapt to new technologies. Think about Amazon and Uber. Amazon plucked an existing trade on new technology, but Uber is really a consequence of new technologies creating a new market, not a commodity market.
(Thread) #ASSA2018 panel on the economics of populism = great opportunity to catch up on ProMarket's coverage of the rise of populist plutocrats. First, Raghuram Rajan on the rise of populist pationalism as a “first step toward crony capitalism” promarket.org/raghuram-rajan…