On my new paper, “Second-Order Potentials for Finite Games: Existence, Characterisation, and Game Decomposition” (arXiv:2608.01967) There is a small and very well-behaved class of games in which the entire strategic problem collapses into a single function. Instead of tracking what each of the players separately stands to gain or lose, one writes down one number…
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Means-Testing in Reverse
Europe has learnt that it cannot afford another 2022. It has not learnt how to spend the money it does have. Consider two European households. The first is comfortable: two cars, a large house, a swimming pool that needs heating. The second is not: one small flat, no car, a boiler that is switched on…
The Productivity Mirage: Why Your Balance Sheet is Lying About Economic Growth
This text was generated with Google’s NotebookLM, based on 37 sources from the academic literature on Pasinetti’s theory of economic development, originally published in 1993. 1. The Hook: Why Efficiency Feels Like a Ghost in the Machine In the sleek boardrooms of modern industry, efficiency is the reigning deity. CEOs point to soaring “output per…
Update on Brexit: How are things going for the UK and Northern Ireland, in particular?
After the UK’s decision to leave the European Union (EU), commonly known as Brexit, it has become evident that this monumental shift has had and will continue to have a profound impact on both the UK and the EU from an economic standpoint. The ramifications of Brexit have already become apparent in several key areas,…