Luis Garicano 🇪🇺🇺🇦
@lugaricano
Professor at LSE @LSEPublicPolicy. Recovering MEP. Substack on econ, tech and EU at https://www.siliconcontinent.com/ "Crisis Cycle" with PUP out in June 2025.
Europe may struggle to automate its own economy. But if it remains the world's preferred leisure destination, it can capture gains from everyone else's automation. @pietergaricano explores the other side of Baumol in Silicon Continent. 🧵 1/9
The antitrust populists are not serious thinkers and people should stop pretending like they are.
In which @ATabarrok utterly destroys the Zephyr Teachout op-ed on grocery prices: marginalrevolution.com/marginalrevolu…
📌 Teresa García-Milà publica hoy una entrevista en El Mundo. En ella opina sobre si conviene más o menos descentralizar. No entraré en esas valoraciones: cada cual puede tener su visión sobre este tema. Pero dice dos cosas que no son verdad. Y eso sí hay que aclararlo. ❶ “En…
Es decir, hablando claro: Cualquier partido o político que quiera tener credibilidad en su promesa de luchar contra la corrupción debe proponer mecanismos para que los nombramientos (CIS, TC, RTVE, Agencia Tributaria, ADIF, Correos,...) se hagan por mérito y capacidad.
El que piense que cambiando las personas y dejando el sistema como está menguará la corrupción está tan equivocado como los socialistas que pensaban algo parecido al llegar Sánchez. Post Montoro, tuiteo el texto completo de mi artículo de opinión en el Mundo (11/7/25) con…
El que piense que cambiando las personas y dejando el sistema como está menguará la corrupción está tan equivocado como los socialistas que pensaban algo parecido al llegar Sánchez. Post Montoro, tuiteo el texto completo de mi artículo de opinión en el Mundo (11/7/25) con…
This is not a u-turn, but an attempt at a minor concession. The promise of a vague new bill at some unspecified time when parliament has gone on summer recess is unlikely to be enough to take the heat off the Ukrainian president. Ukrainian society is furious. Protests tonight are…
As a second night of protests kicks off, Zelensky writes: “Everyone has heard what people are saying these days – on social media, to each other, on the streets. It's not falling on deaf ears. We analyzed all concerns, all aspects of what needs to be changed and what needs to be…
Luis makes one step ahead in new ‘Human Ressources’’ dynamics triggered by AI spreading
As AI automates junior-level tasks, it destroys the training grounds that create future experts. Who will train the next generation when entry-level work provides no value for firms to capture? Today on Silicon Continent on the 'AI-Becker problem': siliconcontinent.com/p/the-ai-becke…
As AI automates junior-level tasks, it destroys the training grounds that create future experts. Who will train the next generation when entry-level work provides no value for firms to capture? Today on Silicon Continent on the 'AI-Becker problem': siliconcontinent.com/p/the-ai-becke…
It’s funny because populists sometimes defend their arguments by saying that economists underestimate how greedy firms are. It’s actually the other way around! Economists treat firms as “maximally greedy,” and that’s how we know that these populist arguments make no sense. 4/
Europe is now paying all the bills, it should be able get Zelensky to veto this obviously idiotic move.
The Nobel Laureate Center for Civil Liberties calls on the President of Ukraine to veto Draft Law No. 12414, which destroys Ukraine's anticorruption reform ccl.org.ua/en/claims/the-…
Hugely disappointing. Ukraine cannot afford this kind of shenanigans now.
"Shame!" shouted many Ukrainian lawmakers as a majority formed from Zelensky's ruling party, pro-Russian oppo bloc & Yulia Tymoshenko's Batkivshchyna voted to, in effect, dismantle Ukraine's independent anticorruption institutions. My story on a grim day: ft.com/content/21cf3d…
Me asombra que unos historiadores también se lancen hoy en El País a proclamar que la financiación singular para Cataluña, una vez extendida a todas las CCAA, sería federal. Me temo que estos respetados profesores de historia contemporánea no han visto un sistema fiscal federal…
The American president has indicated he will soon slap a 50% tariff on imports of copper. The move is unlikely to stimulate much mining or processing in America, while the resulting surge in prices will undermine Donald Trump’s wider economic agenda economist.com/business/2025/…
On sait que cette politique ne fonctionne pas. Les études se succèdent et se ressemblent depuis des années, en France comme à l'étranger.
Les gains obtenus après rénovation des bâtiments sont, en moyenne, 8 fois inférieurs à ce qui avait été prédit. Il faut 91 ans en moyenne pour rentabiliser sa rénovation thermique.
My favourite economist/politician ever! UofC prof, top marine at 50, original egghead, fiercely independent senator before Stevenson. Highly recommend his memoirs. See the review. What a life! (Had his pic in my EP office!) nytimes.com/1972/07/16/arc…
I was aware that Paul Douglas, who co invented the Douglas-Cobb production function was a Senator — I did _not_ know that he enlisted in the Marines at age 50 in WW2, requested combat duty, and won two Purple Hearts and a Bronze Star
True in many other places. Random migration policies are dumb.
The economic value of the H-1B program could be increased by 88% without changing the number of visas if we stopped giving them away at random.
The economic value of the H-1B program could be increased by 88% without changing the number of visas if we stopped giving them away at random.
Przemek Jeziorski, who was a student in IO a year ahead of me at Stanford GSB econ, was murdered in Greece on July 4. He was a professor at Berkeley Haas in the marketing group. He was a kind, gifted person and his cheer was inimitable.
Worth a follow!
👋 New to this feed? Here’s an introductory post to help you navigate what I share. 🧵 If a post is in English, it likely concerns economics. My main areas of interest (not necessarily those where I publish the most) include: 1️⃣ Demographics & Population Economics. Quick…
Interesting. Why solar is (much) better than wind.
1. Wind and solar both keep me up at night, but for opposite reasons. Solar works and is winning the global race, Britain simply sits too far north to benefit. Britain is betting on wind instead, yet wind lacks the very traits that makes solar work.