Dedicated to Empirical Research
Latest notes and announcements from the field
The big disruption to the world economy is not Trump, but AI. Peggy Noonan explores this question in her column. What she does not address is how many new jobs are being created and the timing of that job creation.…
Read more →WSJ reports: Amazon warehouses are more automated than ever. The company, a key bellwether for the U.S. labor market, now has over a million robots packing and shipping goods in its fulfillment centers. While some employees are finding ways to transition into…
Read more →Peter Murmann writes: For two decades I wanted to get a good estimate of how the number of distinct products have grown in the economy. Once I thought I could simply use bar codes that have been attached to products…
Read more →We are sad to announce that Richard R. Nelson has passed away. Here is an obituary that the International Schumpeter Society sent out. Dear ISS members, It is with great sadness that we have to inform you that Richard R.…
Read more →Bullish Forecast about the Potential of AI: About 80% of the work involved in 80% of jobs across the economy can be automated over time, according to Khosla. “So 64% of all jobs can be done by an AI,” Kholsa…
Read more →One out of 22,222 firms listed on the stock market will survive as an independent entity for 100 years. Most firms (45%) disappear from the stock market because of mergers or acquisitions. Source: Daepp, M.I.G., Hamilton, M.J., West, G.B., Bettencourt,…
Read more →Jan 26, 2023 WSJ: BuzzFeed to Use ChatGPT Creator OpenAI to Help Create Quizzes and Other Content Jan 17, 2023 Wharton School: Would Chat GPT Get a Wharton MBA? New White Paper By Christian Terwiesch Jan 16, 2023 NYT: Alarmed by A.I. Chatbots,…
Read more →Oct 26: X’s Tumultuous First Year Under Elon Musk, in Charts Sep 17: Secret obsessions that drive the new Napoleon, by his friend and confidant: NIALL FERGUSON’s VERY revealing Sep 11: WSJ Times review of Isaacson’s biography of Musk Sep 8: NY…
Read more →Richard Nelson and Sidney Winter have been listed by the French Magazine Sciences Humaines among to top 100 economists of all time. You can read here (in French) how the magazine portrays Nelson and Winter’s intellectual contributions. Nelson and Winter’s…
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