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Economics

TagLast edit: 4 Apr 2022 20:49 UTC by Pablo

Economics is the social science of how economic actors interact with things they value, especially goods and services in an economy. Economic behavior is often studied using rational choice theory, which assumes that actors in a social system make decisions so as to maximize their individual utility functions; the subfield of behavioral economics provides evidence as to when, and to what extent, economic actors conform to the assumptions of rational choice theory.

Economic methods are often used to guide cause prioritization and decision-making in effective altruism.

Further reading

Bernard, David Rhys (2020) An introduction to global priorities research for economists, Effective Altruism Forum, August 28.

Duda, Roman (2015) Why an economics PhD might be the best grad degree, 80,000 Hours, June.

External links

Economics. Wikipedia entry.

Related entries

decision theory | economic growth | game theory | global health and development | welfare economics

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Cause Sugges­tion: Econ Literacy

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[Question] How could effec­tive al­tru­ists help im­prove work­ing con­di­tions in low-in­come coun­tries?

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Un­jour­nal Evals: “Ad­vance Mar­ket Com­mit­ments: In­sights from The­ory and Ex­pe­rience”

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39 points
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30 points
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49 points
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56 points
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65 points
6 comments38 min readEA link

The Case for Mak­ing Pro­fes­sional De­grees Un­der­grad­u­ate Degrees

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38 points
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112 points
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155 points
28 comments21 min readEA link
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Michael_Wiebe1 Jan 2022 0:28 UTC
75 points
15 comments2 min readEA link

Paul Chris­ti­ano – Ma­chine in­tel­li­gence and cap­i­tal accumulation

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21 points
0 comments6 min readEA link
(rationalaltruist.com)

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Jeremy19 Apr 2022 2:03 UTC
9 points
3 comments1 min readEA link
(www.lesswrong.com)

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138 points
15 comments1 min readEA link

Un­jour­nal’s 1st eval is up: Re­silient foods pa­per (Denken­berger et al) & AMA ~48 hours

david_reinstein6 Feb 2023 19:18 UTC
77 points
10 comments3 min readEA link
(sciety.org)

[Question] Are we en­ter­ing an ex­per­i­ment in Modern Mone­tary The­ory (MMT)?

AslanP11 May 2020 22:55 UTC
18 points
13 comments3 min readEA link

In­no­va­tion Re­search Boot­camp for Econ PhD Students

Kevin Kuruc4 Jan 2022 14:58 UTC
25 points
3 comments1 min readEA link

Smart Move­ments Start Aca­demic Dis­ci­plines

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121 points
18 comments5 min readEA link

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Ben Kuhn16 Jul 2019 7:59 UTC
153 points
20 comments13 min readEA link
(www.benkuhn.net)

Eco­nomic Pie Re­search as a Cause Area

mediche15 Apr 2022 10:41 UTC
4 points
3 comments1 min readEA link

Un­jour­nal: Eval­u­a­tions of “Ar­tifi­cial In­tel­li­gence and Eco­nomic Growth”, and new host­ing space

david_reinstein17 Mar 2023 20:20 UTC
47 points
0 comments2 min readEA link
(unjournal.pubpub.org)

Wage re­la­tions in the com­ing decades

WobblyPanda230 Jun 2023 2:35 UTC
−5 points
0 comments1 min readEA link

In­creas­ing Ur­ban Den­sity as a Recom­mended Cause Area?

Niki Kotsenko11 Sep 2022 13:23 UTC
7 points
3 comments3 min readEA link

How do changes in rich world eco­nomic con­di­tions af­fect poor coun­tries?

Emmett Sexton23 Aug 2022 11:47 UTC
28 points
2 comments12 min readEA link

Against the Bur­den of Knowledge

Maxwell Tabarrok20 Jan 2024 14:38 UTC
15 points
1 comment6 min readEA link
(maximumprogress.substack.com)

In­ter­na­tional tax policy as a po­ten­tial cause area

Tax Geek23 Jan 2024 16:36 UTC
56 points
3 comments12 min readEA link

In­sti­tu­tional eco­nomics through the lens of scale-free reg­u­la­tive de­vel­op­ment, mor­pho­gen­e­sis, and cog­ni­tive science

Roman Leventov23 Jan 2024 19:42 UTC
3 points
1 comment1 min readEA link

Surgery Works Well Without The FDA

Maxwell Tabarrok26 Jan 2024 13:32 UTC
19 points
5 comments4 min readEA link
(maximumprogress.substack.com)

AGI and the EMH: mar­kets are not ex­pect­ing al­igned or un­al­igned AI in the next 30 years

basil.halperin10 Jan 2023 16:05 UTC
319 points
175 comments26 min readEA link

The Eco­nomic Benefits of Pro­mot­ing and Pro­tect­ing the Rights of LGBTQ+ Com­mu­ni­ties in Devel­op­ing Countries

Susannah Hares10 Aug 2022 15:27 UTC
17 points
2 comments9 min readEA link

Global Health In­no­va­tion In­cen­tives, Pa­tent Trolls, and Ever­green­ing: Dis­cus­sion of Subtopics within US Pa­tent Policy

schethik30 Jul 2021 5:40 UTC
15 points
0 comments13 min readEA link

How this year’s win­ners of the No­bel Prize in Eco­nomics in­fluenced GiveWell’s work

Pablo19 Oct 2019 2:56 UTC
22 points
0 comments1 min readEA link
(blog.givewell.org)

Mar­ket De­sign Meets Effec­tive Altruism

Marshall19 Apr 2022 21:39 UTC
26 points
6 comments5 min readEA link

The biggest red flag about SBF

trevor124 Nov 2022 19:08 UTC
18 points
11 comments4 min readEA link
(www.youtube.com)

[Question] Any­one has a refer­ence for “It’s es­ti­mated that abo­li­tion cost Bri­tain 2% of its GDP for 50 years”?

mikbp16 Aug 2022 19:26 UTC
13 points
3 comments1 min readEA link

[Question] Fe­male effec­tive al­tru­ists (ideally with re­search/​ac­tion in de­vel­op­ment eco­nomics) to sug­gest for a col­lo­quium talk?

acristia1 Oct 2022 9:51 UTC
6 points
8 comments1 min readEA link

Mush­taq Khan on us­ing in­sti­tu­tional eco­nomics to pre­dict effec­tive gov­ern­ment reforms

80000_Hours30 Sep 2021 13:22 UTC
27 points
0 comments144 min readEA link

Cass Sun­stein: From be­havi­oural eco­nomics to pub­lic policy

EA Global6 Aug 2016 0:40 UTC
7 points
0 comments1 min readEA link
(www.youtube.com)

A wealth tax could have un­pre­dictable effects on poli­tics and philanthropy

Pablo31 Oct 2019 13:05 UTC
19 points
1 comment1 min readEA link
(www.vox.com)

Is the US gov­ern­ment in­solvent?

Satoshi1 Dec 2022 13:58 UTC
3 points
10 comments5 min readEA link

See­ing the effects of your dona­tion and mak­ing in­cre­men­tal choices

david_reinstein5 Nov 2021 21:46 UTC
22 points
1 comment5 min readEA link

Inequal­ity, well-be­ing, and the prob­lem of the un­known re­port­ing function

Barry Grimes9 Dec 2022 16:28 UTC
15 points
0 comments3 min readEA link
(www.pnas.org)

GiveWell’s Mo­ral Weights Un­der­weight the Value of Trans­fers to the Poor

Trevor Woolley13 Dec 2022 7:23 UTC
83 points
0 comments5 min readEA link

The great en­ergy de­scent—Part 2: Limits to growth and why we prob­a­bly won’t reach the stars

Corentin Biteau31 Aug 2022 21:51 UTC
17 points
0 comments25 min readEA link

[Question] Is cap­i­tal­ism the root of all evil?

Ayman15 May 2021 16:32 UTC
−18 points
15 comments1 min readEA link

[Question] Is Modern Mone­tary The­ory a good idea?

Milan_Griffes16 Apr 2019 21:25 UTC
16 points
11 comments1 min readEA link

Eco­nomics of In­sti­tu­tions Read­ing List

Luis Mota Freitas26 Oct 2022 12:36 UTC
11 points
0 comments6 min readEA link

Does Eco­nomic Growth Mean­ingfully Im­prove Well-be­ing? An Op­ti­mistic Re-Anal­y­sis of Easter­lin’s Re­search: Founders Pledge

Vadim Albinsky27 Sep 2022 16:28 UTC
258 points
45 comments10 min readEA link

Amanda Askell: AI safety needs so­cial scientists

EA Global4 Mar 2019 15:50 UTC
27 points
0 comments18 min readEA link
(www.youtube.com)

Ap­ply for eco­nomics PhD ap­pli­ca­tion men­tor­ship and sup­port!

TomHoulden2 Sep 2022 12:20 UTC
20 points
2 comments1 min readEA link

Rob Wiblin’s top EconTalk epi­sode recommendations

Robert_Wiblin19 Oct 2017 0:08 UTC
22 points
10 comments1 min readEA link

[Cause Ex­plo­ra­tion Prizes] Effec­tive Altru­is­tic Eco­nomic Model

Thomas (Tom) Schwendener11 Aug 2022 10:40 UTC
5 points
0 comments13 min readEA link

Max Dal­ton: Pri­ori­ti­za­tion and economics

EA Global3 Nov 2017 7:43 UTC
7 points
0 comments1 min readEA link
(www.youtube.com)

[Question] Do you know any re­search com­par­ing the effec­tive­ness of in­di­rect and di­rect democ­racy?

VictorSintNicolaas31 Oct 2021 19:49 UTC
9 points
2 comments1 min readEA link

The Tur­ing Test pod­cast is back with Bryan Ca­plan!

Holly_Elmore15 Apr 2019 20:35 UTC
28 points
2 comments1 min readEA link

Up­date on GPI’s ac­tivi­ties and plans for 2022

Global Priorities Institute28 Jan 2022 15:39 UTC
36 points
5 comments12 min readEA link

ETGP 2022: ma­te­ri­als, feed­back, and les­sons for 2023

trammell22 Sep 2022 13:12 UTC
118 points
4 comments8 min readEA link

[Question] Would an EA have di­rected their ca­reer on fix­ing the sub­prime mort­gage crisis of ’07-’08 be­fore it hap­pened?

Venkatesh6 Apr 2021 16:07 UTC
26 points
10 comments1 min readEA link

Im­por­tant ideas for pri­ori­tiz­ing am­bi­tious fund­ing opportunities

jh3 Dec 2021 18:31 UTC
42 points
2 comments16 min readEA link

No, The Op­ti­mal Cor­po­rate In­come Tax Isn’t (Ne­c­es­sar­ily) Zero

ParetoOptimal1 Feb 2024 10:16 UTC
3 points
0 comments1 min readEA link
(paretooptimal.substack.com)

Com­plex­ity Science, Eco­nomics and the Art of Zen.

Michael Hinge4 Nov 2021 7:05 UTC
35 points
5 comments5 min readEA link

De­moc­ra­tiz­ing the work­place as a cause area

Bob Jacobs26 Nov 2022 18:31 UTC
32 points
18 comments8 min readEA link

[Question] Is there any re­search on in­ter­nal­iz­ing x-risks or global catas­trophic risks into economies?

Ramiro6 Jul 2022 17:08 UTC
19 points
3 comments1 min readEA link

The Role of “Economism” in the Belief-For­ma­tion Sys­tems of Effec­tive Altruism

Thomas Aitken1 Sep 2022 7:33 UTC
28 points
3 comments10 min readEA link
(drive.google.com)

Valu­ing Leisure Time

Richard Bruns21 Apr 2022 16:17 UTC
24 points
5 comments9 min readEA link

The al­tru­is­tic case for Bitcoin

snailrace3 Sep 2022 8:49 UTC
3 points
6 comments18 min readEA link

Cli­mate-con­tin­gent Fi­nance, and A Gen­er­al­ized Mechanism for X-Risk Re­duc­tion Financing

johnjnay26 Sep 2022 13:23 UTC
6 points
1 comment26 min readEA link

The case for Green Growth skep­ti­cism and GDP agnosticism

ErolaPons13 Aug 2022 18:36 UTC
51 points
24 comments14 min readEA link

Should you do an eco­nomics PhD (or mas­ter’s)?

david_reinstein19 Apr 2022 20:04 UTC
62 points
15 comments17 min readEA link

Per­sis­tence—A crit­i­cal re­view [ABRIDGED]

Jaime Sevilla10 Nov 2021 11:30 UTC
90 points
6 comments2 min readEA link

Growth The­ory Read­ing List

Luis Mota Freitas12 Oct 2022 14:26 UTC
48 points
1 comment3 min readEA link

Global catas­trophic fi­nan­cial risks?

Geoffrey Miller5 Feb 2018 23:26 UTC
10 points
2 comments1 min readEA link

The Eco­nomics of An­i­mal Welfare

Leo13 Jun 2022 10:49 UTC
4 points
0 comments1 min readEA link
(economics.stanford.edu)

Best Courses for an Un­der­grad­u­ate Eco­nomics Ma­jor to Get a Job as an Un­der­grad Re­search As­sis­tant?

Jeff A13 Nov 2022 18:16 UTC
10 points
4 comments1 min readEA link

[Question] Should I tran­si­tion from eco­nomics to AI re­search?

EAguy28 Feb 2021 19:09 UTC
18 points
14 comments1 min readEA link

EAe­con Re­treat 2022: Ap­ply Now!

Brian Jabarian30 May 2022 8:06 UTC
27 points
5 comments1 min readEA link

Jeff Be­zos’ Wealth

Arturo Macias4 Dec 2022 15:21 UTC
2 points
2 comments5 min readEA link

As­sis­tant pro­fes­sor­ship place­ments at top eco­nomics departments

Luis Mota Freitas8 Jul 2022 12:38 UTC
28 points
2 comments1 min readEA link
(docs.google.com)

Re­duc­ing Trans­ac­tion Costs, or Coasean Effec­tive Altruism

IvanVendrov31 May 2021 1:11 UTC
23 points
0 comments4 min readEA link

Ar­bi­trage is a fun word

Ryan Adler29 Jun 2022 0:15 UTC
6 points
2 comments2 min readEA link

Meat Externalities

Richard Y Chappell11 Jul 2022 3:23 UTC
80 points
12 comments2 min readEA link
(rychappell.substack.com)

Dis­cus­sion on Thomas Philip­pon’s pa­per on TFP growth be­ing linear

Arjun Yadav30 Apr 2022 13:17 UTC
40 points
4 comments1 min readEA link

[Question] How large can the so­lar sys­tem’s econ­omy get?

WilliamKiely1 Jul 2021 2:29 UTC
9 points
7 comments1 min readEA link

The Wages of North-At­lantic Bias

Sach Wry19 Aug 2022 12:34 UTC
8 points
2 comments17 min readEA link

LW4EA: Six eco­nomics mis­con­cep­tions of mine which I’ve re­solved over the last few years

Jeremy30 Aug 2022 15:20 UTC
8 points
0 comments1 min readEA link
(www.lesswrong.com)

A Con­ver­sa­tion with Daniel Kahneman

Barry Grimes22 Jul 2022 14:29 UTC
29 points
0 comments14 min readEA link

A peek at pair­wise prefer­ence es­ti­ma­tion in eco­nomics, mar­ket­ing, and statistics

Jonas Moss8 Oct 2022 4:56 UTC
31 points
5 comments3 min readEA link
(blog.jonasmoss.com)

Best Eco­nomics Course for A Re­search In­tern­ship in In­ter­na­tional Eco­nomics?

Jeff A12 Sep 2022 2:12 UTC
7 points
3 comments1 min readEA link

Against us­ing stock prices to fore­cast AI timelines

basil.halperin10 Jan 2023 16:04 UTC
17 points
5 comments2 min readEA link

New database for eco­nomics research

Oshan23 Feb 2023 16:33 UTC
21 points
4 comments1 min readEA link

[Question] An eco­nomics of AI gov—best re­sources for

Liv26 Feb 2023 11:11 UTC
10 points
4 comments1 min readEA link

[Question] What pa­per on EA should I pre­sent in class on Philos­o­phy and Eco­nomics?

Ramiro3 Mar 2023 18:59 UTC
7 points
0 comments1 min readEA link

[Question] Is AI like disk drives?

Tanae2 Sep 2023 19:12 UTC
8 points
1 comment1 min readEA link

R&D is a Huge Ex­ter­nal­ity, So Why Do Mar­kets Do So Much of it?

Maxwell Tabarrok17 Nov 2023 13:15 UTC
38 points
5 comments3 min readEA link
(maximumprogress.substack.com)

Fer­til­ity as Metascience

Maxwell Tabarrok25 Nov 2023 15:41 UTC
14 points
5 comments3 min readEA link
(maximumprogress.substack.com)

How Long Do Policy Changes Mat­ter? New Paper

zdgroff2 Nov 2023 20:53 UTC
271 points
37 comments5 min readEA link
(zachfreitasgroff.com)

Scal­ing and Sus­tain­ing Stan­dards: A Case Study on the Basel Accords

Conrad K.16 Jul 2023 18:18 UTC
16 points
0 comments7 min readEA link
(docs.google.com)

Me­tac­u­lus Launches Quar­terly Cup Tournament

christian6 Jul 2023 19:25 UTC
13 points
0 comments1 min readEA link
(www.metaculus.com)

Why Did NEPA Peak in 2016?

Maxwell Tabarrok1 Dec 2023 16:18 UTC
11 points
1 comment3 min readEA link
(maximumprogress.substack.com)

Fun­da­men­tals of Global Pri­ori­ties Re­search in Eco­nomics Syllabus

poliboni8 Aug 2023 12:16 UTC
74 points
1 comment8 min readEA link

“Cap­i­tal­ism”: talk­ing past each other

Yarrow Bouchard9 Dec 2023 21:08 UTC
16 points
3 comments2 min readEA link

How economists got Africa’s AIDS epi­demic wrong

Justin Sandefur10 Jun 2023 5:25 UTC
261 points
26 comments8 min readEA link

An­nounc­ing the Univer­sity of Chicago’s $2M Mar­ket Shap­ing Ac­cel­er­a­tor’s In­no­va­tion Challenge: Biose­cu­rity, Pan­demic Pre­pared­ness, and Cli­mate Change

schethik21 Jun 2023 17:25 UTC
61 points
3 comments2 min readEA link

Con­tra Scott on Abol­ish­ing the FDA

Maxwell Tabarrok15 Dec 2023 14:01 UTC
10 points
3 comments6 min readEA link
(maximumprogress.substack.com)

Think­ing-in-limits about TAI from the de­mand per­spec­tive. De­mand sat­u­ra­tion, re­source wars, new debt.

Ivan Madan7 Nov 2023 22:44 UTC
2 points
0 comments4 min readEA link

Don’t En­dorse the Idea of Mar­ket Failure

Maxwell Tabarrok1 Mar 2024 14:05 UTC
9 points
0 comments4 min readEA link
(www.maximum-progress.com)

Some im­por­tant re­search ques­tions in economics

Niklas Lehmann9 Mar 2024 11:29 UTC
10 points
2 comments24 min readEA link

The RCT Agenda—Bryan Caplan

Hugh P13 Mar 2024 5:57 UTC
7 points
2 comments1 min readEA link
(substack.com)

Wor­ri­some mi­s­un­der­stand­ing of the core is­sues with AI transition

Roman Leventov18 Jan 2024 10:05 UTC
4 points
3 comments1 min readEA link