Relevant and even prescient commentary on news, politics and the economy.

You searched for: label/model validation

What’s up with the Spotify business model?

I don’t listen to Spotify, but lots of my friends do. I had been spoiled for decades in St. Louis by the community radio station KDHX that broadcast lots of…

Santa and Social Planning

…my more ‘academic days’ when I was inundated with models of theoretical macro. As you have no doubt noticed, I’ve gone the applied financial route since then). The economic model

"Saving" ≠ "Saving Resources"*

Many economists — mostly the freshwater/neoclassical/supply-side/conservative types, but also many on the left — hold in their heads a very peculiar model of how economies work. It’s a model of…