Policies for Progress: Patent Buyouts

Recently I had a conversation with a reader/supporter of the blog. One of the things we talked about was a great 1998 paper, “Patent Buyouts: A Mechanism for Encouraging Innovation.” by Michael Kremer, who won the Nobel Prize in economics in 2019, together with Esther Duflo and Abhijit Banerjee. Like the policy I wrote aboutContinue reading “Policies for Progress: Patent Buyouts”

Progress Studies Assorted Links 2

Tony Blair and Chris Yiu write on the need for progress. “The Baker Hypothesis” a new (NBER) economics working paper by Chari, Henry, and Reyes. They find that in emerging and developing economies, the average rate of real GDP growth is higher after countries adopt ‘free-market policies’ such as: inflation stabilisation, trade liberalisation, greater opennessContinue reading “Progress Studies Assorted Links 2”

Progress Studies Assorted Links 1

I plan to send out a list of assorted links, which will signpost interesting things that I have come across recently that relate to Progress Studies. Also, quick update before the links. I’m writing a post on how AI may impact the labour market. This will be out in the next ten days (I’m inContinue reading “Progress Studies Assorted Links 1”

Online Progress Studies Reading Group

I’ve recently began to organise a virtual Progress Studies reading group. We’re still in the early stages of launching it (organising the reading agenda and a time that suits everyone). Everyone is welcome to attend. A few details: The format we’re going for is that one person every week is selected to summarise the designatedContinue reading “Online Progress Studies Reading Group”

Policies for Progress: Could the knowledge frontier advance faster?

I’m beginning my journey into Progress Studies by summarising and synthesising some of the literature scattered around. Here, I show an example of the potential power of Progress Studies. The policy implications of the paper I summarise in this post demonstrate the low-hanging fruit available to the field. If we were to implement the policyContinue reading “Policies for Progress: Could the knowledge frontier advance faster?”