Scott explores the recent British economic decline, examining various statistics and theories about its causes and impact. Longer summary

This post discusses the recent economic decline in Britain, analyzing various statistics and theories about its causes. Scott examines GDP data, productivity trends, wage stagnation, and currency value changes, while considering factors like Brexit, real estate market issues, and R&D investment. He presents different perspectives from commenters and experts, highlighting the complexity of the situation and the difficulty in pinpointing exact causes. Shorter summary

The review explores Jane Jacobs' economic theories from two of her books, focusing on the importance of cities in economic development and challenging conventional wisdom on separatism and large political entities. Longer summary

This review examines two books by Jane Jacobs: 'Cities and the Wealth of Nations' and 'The Question of Separatism'. The reviewer explores Jacobs' economic theories, which center on the importance of cities in economic development. Jacobs argues that cities, not nations, are the fundamental units of economic life, and that the process of import replacement is crucial for economic growth. The review also discusses Jacobs' views on separatism, currency, and the drawbacks of large political entities. The author notes that Jacobs' ideas challenge conventional wisdom across the political spectrum and suggests that her work deserves more attention in economic discourse. Shorter summary

Scott Alexander investigates the reasons behind the extreme poverty in California's Central Valley, comparing it to Mississippi and analyzing various contributing factors. Longer summary

Scott Alexander explores the economic decline of California's Central Valley, comparing it to Mississippi in terms of poverty. He investigates various factors contributing to the region's struggles, including agricultural practices, immigration patterns, mechanization, and environmental issues. The post analyzes historical data, local perspectives, and economic indicators to understand when and why the Central Valley's situation deteriorated, concluding that while the causes are complex and not fully clear, the region's poverty is a stark contrast to California's overall wealth. Shorter summary