Interesting article on the economist #Pigou and women. Like many Victorians of his time (born 1877), he can be called a misogynist, though his ideas about paid pregnancy leave and safe working conditions are still ahead of many workplaces around the world. #economics #equity https://www.jstor.org/stable/40325784

"Schmidt, somewhat fatalistically, said that “we’re not going to hit the climate goals anyway,” and argued that rather than focus on reducing emissions, “I’d rather bet on A.I. solving the problem.”" https://www.nytimes.com/2024/10/22/climate/ai-big-tech-emissions.html

I'd replace "fatalistically" with "disingenuously": the basic economic theory to stabilise climate has been around a century: #Pigou, #Coase... We don't implement it because we prefer to cash in the future now. AI can't fix our preferences. #climatechange #economics #econsky

The A.I. Power Grab

Big tech companies say A.I. can help solve climate change, even as it’s driving up their emissions and raising doubts about their climate goals.

The New York Times

Wonderful anecdote from Jacob #Viner about #Pigou at the 1928 Harris Foundation round tables:

“I am not in the habit of reading the books I myself have written.”

Economics In Ten

Listen to Economics In Ten on Spotify.

Spotify