Four large companies – including Sony and Rockstar North – have claimed close to half of all relief from a culture-focused tax policy
Stian WestlakeThe Guardian seem to have got the wrong end of the stick here. It's a *good* thing companies small and large are claiming these tax credits - they're in effect an R&D subsidy for an industry that often can't claim R&D tax credits.
First, if you were wondering why the blogging has been light, a short recap… After thirty months in Downing Street, I left with the rest of the May administration, having advised on pretty mu…
Stian Westlake"Whatever happens with No Deal swamps every policy I ever worked across." @Gilesyb's first reflections on leaving Number 10 are as beautifully written as you'd expect - and very grim.
That is the title of a new and important paper by Andrea L. Eisfeldt, Antonio Falato, and Mindy Z. Xiaolan. It seems that perhaps the share of labor in gdp has not fallen much after all: The widespread and growing practice of equity-based...
Stian WestlakeNew paper suggests the rise of equity-based compensation for highly skilled workers explain several puzzles, including the seemingly low skill premium, and the high capital- share of income
Bennington College in the 1980s was a hothouse of sex, drugs, and future literary stars--among them, Donna Tartt, Bret Easton Ellis, and Jonathan Lethem. Return to a campus and an era like no other.
Stian WestlakeIf you share my obsession with decadent 1980s US liberal arts colleges (à la Rules of Attraction & The Secret History), you will love this long-read about Bennington College in the time of Bret Easton Ellis & Donna Tartt.
A lot happened in China in 1978, the year conventionally used as the starting point for the reform era. One of the many fascinating events of that year was the five-week journey of a group of Chine…
Stian WestlakeFascinating story! In 1978, at the very beginning of China's modernisation, a group of leaders took a study tour to Switzerland & Germany that convinced them that decentralisation held the key to economic growth. (H/T @JonathonKitson)
Hartmut Neven, Google's director of Quantum Artificial Intelligence lab, began to see signs of explosive growth in Google's quantum processing power in December. Now, "Neven's Law," the doubly exponential growth in quantum processing power relative...
Stian Westlake"In Dec 2018, [Google's quantum AI team] were running a calculation on the company's best quantum processor when they began to see something unbelievable..."
Stian WestlakeThis is a good round-up of the evidence - which seems pretty strong to me - that lead pollution has significantly screwed up the brains of a whole generation. (Thanks @IronEconomist)
It is clear that the Conservative manifesto has done serious damage to the Party’s electoral prospects. There is a sharp and deep inflection point in the Conservatives’ lead from the publication of the manifesto . Never before has a party...
Stian Westlake@rcolvile@Modern_Lockey@CapX Fair point. Maybe full-throated wasn't the right word - it's more that the messaging and underpinning policy doesn't feel worked through. @s8mb's blog post after the 2017 election made this point well IMO.
A disturbing change has come over the Conservative Party. It seems to have stopped thinking or talking about economics.
Stian WestlakeLike a poundshop Dom Cummings, I sat down by the North Sea and bashed out a 4,000 word rant. It's about the strange death of economic thinking in today's Conservative Party. May God have mercy on my soul.
Stian Westlake"A weird change has come over the Conservative Party:... both in government and more generally, they seem to have stopped talking and thinking about economics."
I. I Come To Praise Caesar, Not To Bury Him Several years ago, an SSC reader made an r/slatestarcodex subreddit for discussion of blog posts here and related topics. As per the usual process, the t…
Stian WestlakeThis is why we can't have nice things. The brilliant Scott Alexander curates a political discussion thread, is falsely accused of being alt-right, gets persecuted by scumbags, has nervous breakdown.