Peter Isztin 🌐🏛
@PeterIsztin
Assistant Professor, @corvinus_econ. Applied theory: price theory, human capital, family, and political economy. @interintellect_ member. RT=/=endorsement.
Capital Account: As global fertility rates drop, two economists make the case for humans on.wsj.com/4lWhE5K
What happens when your grand ambitions collide with the hard realities of money and provincial life? It's the central question of George Eliot's Middlemarch and a defining struggle of modern life. This Saturday, join hosts @natashajouk, @TheAnnaGat, @krishnanrohit, and…
Have I shared this on this platform? Anyway, an old project of ours, but new working paper (special thanks to e.g. @caseybmulligan for digging up and editing those unpublished Gary Becker manuscripts) drive.google.com/file/d/1QluQ08…

"I think Keynes was a great economist. And I think the General Theory is a great book. It just is that I think it offered a hypothesis which, when subjected to the evidence, turned out to be wrong." Hear more from Friedman on Keynes at 🔗 loom.ly/NfRslBw
I am really excited about this book by @PabloPenaMunoz news.uchicago.edu/story/economis…
"[H]e accused the unions of harbouring a threat from “Marxist collectivist totalitarians” and labelled those in his party who failed to stand up to them as appeasers. [...] [W]ithin two years he was in the Cabinet as employment secretary." telegraph.co.uk/politics/2025/…
The One Big Beautiful Bill: ✅ Is pro-growth ❌ Won’t pay for itself ✅ Includes permanent expensing & lower rates ❌ Adds complicated tax loopholes ✅ Repeals many green energy subsidies @CatoInstitute
Genes predict children's cognitive abilities. But an RCT of preschool + better nutrition erases any "genetic disadvantage"
Charles Clarke, Telegraph interview telegraph.co.uk/politics/0/cha…
A salon about the much-awaited upcoming book by @CassSunstein **On Liberalism** 📖 Online: interintellect.com/salons/cass-su…
THOMAS SOWELL AT 95. With Tom and Mary Sowell at Tom's birthday luncheon this very day, my wife and yours truly. Happy birthday to a genuinely great man!
Some price theory on AI and GDP
1/@EpochAIResearch doubles down on preiction AI will drive 20%+ annual GDP growth. Economists remain skeptical. This is the defining debate of today: AI builders see infinite prosperity ahead. Economists see the same limits that constrained every technological revolution.🧵 1/13
Friedrich Hayek on why he disagrees with Freud: “The Freudian teaching [is] that you ought to cure people’s discontent by relieving them of what he calls inhibitions.” “These inhibitions,” Hayek says, “have created our civilization.”
What I find fascinating about the 2nd generation Nordhaus Macro Climate Economics is that this empirical field doesn't incorporate any ideas from Paul Romer or Robert Lucas. Does human capital theory really have no "causal" impact on the GNP/Temperature gradient over time?
A free research idea related to Bilal and Kanzig's influential "The Macroeconomic Impact of Climate Change". How do the Penn World Tables price deflators change during times when world average temperatures increase? What do we know about denominators? drive.google.com/file/d/1zyOAE8…
Why don't people trust the press? Major corruption scandals are hitting Sánchez's government while it moves by emergency procedure to increase political control over judges and police. If this were Orbán, it would be front-page news in European newspapers. With Sánchez, it's…
People ask me what “UChicago” thinking/training means now. It’s never been more relevant and, specifically, the @UChicago law-and-economics way of thinking (taught by Coase/Becker/Posner/others). It’s a big toolkit, but I want to elucidate an example here. Interested? Read on.…
In my forthcoming book chapter with @ATabarrok, I discuss the case of Chilean reforms with the works of Edwar Escalante and others who find that Chile did not perform as well as thought until it democratized. This is totally unsurprising— a dictator who decides to liberalize can…
The "Chilean Miracle" will be a baby in diapers compared to the results of the ongoing Argentinian economic miracle. Javier Milei is achieving what the Chicago Boys did in Chile but in a country with three times the population, enacting reforms faster and democratically.
Say what you want, Voltaire had a way to make the point