Category Archives: Guest Post

Jackpot? A Round-Up of This Season’s California Wildfires (So Far)

By Lambert Strether of Corrente. Last week, there were three (major) California wildfires in the news: The Camp Fire, which destroyed the town of Paradise in Northern California, and the Hill and Woolsey fires in Southern California, which are still burning, not entirely contained. Here is a map: And here is a shot of the […]

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Stationary Bandits, State Capacity, and the Malthusian Transition: The Lasting Impact of the Taiping Rebellion

Lambert here: Makes our own Civil War look like a blip. However, at least some of the conclusions seem to be borne out for our Civil War, too: Increase in state capacity, for example. By Lixin Colin Xu, Lead Economist, Development Research Group, World Bank, and Li Yang, Postdoc, Paris School of Economics. Originally published […]

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Cryptocurrencies: Financial (In)stability and (Un)fairness

If private cryptocurrencies were to find widespread economic use, either coexisting with or fully displacing fiat money, the result would be increased financial instability, inequality, and social instability.

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