Greg Caskey @gwcask
Asst. Prof. of Economics, @Citadel1842 | Applied Micro, Development & Political Economy | Philadelphia fan ⚾ & Big Seltzer Shill gregcaskey.com Charleston, SC Joined June 2016-
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On this labor day, remember that Y=A*K^a*L^b Implies that labor without capital produces zero and vice-versa. Happy capital/labor complementary day.
For my wedding anniversary, I designed and had hand-woven in Afghanistan a rug for my microbiologist wife. The rug mixes traditional Afghanistan designs with some scientific elements including Bunsen burners, test tubes, bacterial petri dishes and other elements.
Related, this estimate from Nordhaus: "...innovators are able to capture about 2.2 percent of the total social surplus from innovation"
Related, this estimate from Nordhaus: "...innovators are able to capture about 2.2 percent of the total social surplus from innovation" https://t.co/DHkB62xzDO
https://t.co/7VYcuE5beM
"In addition to damaging American imports, the trade war has also had deleterious effects on US exports." - @JosephPolitano
Buildings too tall, no setbacks, inadequate parking provision, overlooks neighbouring properties, retail generates excessive noise impacts, repetitive design features Planning application denied
Buildings too tall, no setbacks, inadequate parking provision, overlooks neighbouring properties, retail generates excessive noise impacts, repetitive design features Planning application denied
https://t.co/pFoQd1rFvV
Stealing this bit from @D_A_Irwin for classroom usage from his excellent convo w/ @EconTalker: "If we're running a trade surplus or a deficit, would you know it? No, it is to an abstraction. It's not something that personally affects you directly." econtalk.org/the-economics-…
Elon would do the world and his audience on this website a great service if he made it clear that the drivers of federal spending are not unspecified "pork" but rather a distinct group of health care and retirement programs that are all extremely popular. x.com/elonmusk/statu…
Elon would do the world and his audience on this website a great service if he made it clear that the drivers of federal spending are not unspecified "pork" but rather a distinct group of health care and retirement programs that are all extremely popular. x.com/elonmusk/statu…
Man comes to the US from Lebanon. Starts out delivering pizzas, becomes a Nobel winning neuroscientist. Trump freezes his funding, he gets an email from China offering to move his lab “any city, any university I want" with guaranteed funding for 20 years. What are we doing?
We, too, can have nice things
I’m old enough to remember — because I’m not a newborn infant — when Trump said tariffs were paid by other countries. How can Walmart eat tariffs when they’re not already eaten by other countries?
https://t.co/2QA16Mdfhr
On Thomas Jefferson's birthday, let's recall the grievances he wrote in the Declaration of Independence against the abuses of the Mad King. For cutting off our Trade with all parts of the world: For imposing Taxes on us without our Consent: For depriving us in many cases, of…
“Protectionism is inherently corrupting of the political process, because the big players with clout get exemptions, favors, etc and the little guys get screwed.” — everyone who knows this history. “You don’t know what time it is, elitist pig. Tariffs are the People’s friend!…
What happens when a relatively prosperous island embraces central planning and state control? And what’s possible after decades of stagnation? @gwcask unpacks Cuba’s economic story in this deep and compelling piece. 🔗 loom.ly/6ZdFNqw #Cuba #Economics #EconomicFreedom
🧵The Triffen "dilemma" is no argument for Trump's kooky tariffs. First of all (and it can't be said enough) the "persistent deficits" that are the inevitable consequence of the dollar's popularity are not themselves a bad thing.
🧵The Triffen "dilemma" is no argument for Trump's kooky tariffs. First of all (and it can't be said enough) the "persistent deficits" that are the inevitable consequence of the dollar's popularity are not themselves a bad thing.

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