Scott analyzes Javier Milei's presidency in Argentina, noting mixed results in economic indicators and policies, with some successes in budget cuts and inflation reduction, but increased poverty rates. Longer summary

This post analyzes the performance of Javier Milei, Argentina's libertarian president, focusing on key economic indicators and policies. Scott examines government surplus, inflation, poverty rates, rent control abolition, and Milei's approval ratings. He notes that Milei has achieved a government surplus through significant spending cuts and has reduced monthly inflation, though yearly inflation figures remain high. Poverty has increased under Milei's administration, but there are slight signs of economic improvement. The abolition of rent control has led to increased housing supply and lower prices. Milei's approval ratings, while declining, remain relatively high compared to other world leaders. Scott concludes that while Milei has fulfilled his promise of short-term economic shock, it's too early to judge the long-term success of his policies. Shorter summary

Scott Alexander reviews 'A Brief History of Neoliberalism', finding it engaging but flawed in its economic analysis and predictions. Longer summary

Scott Alexander reviews David Harvey's 'A Brief History of Neoliberalism', a book that critiques the rise of neoliberal economic policies since the 1970s. The review highlights Harvey's argument that neoliberalism was a deliberate project to restore class power, rather than a necessary economic reform. Scott finds the book engaging but criticizes its lack of depth in economic explanations and its tendency to frame events dramatically without sufficient evidence. He notes that while Harvey makes some interesting points, many of his predictions about the future of neoliberalism have not come to pass. Shorter summary

Scott Alexander reviews a book on global economic history, discussing various factors and strategies that have influenced national development and industrialization. Longer summary

Scott Alexander reviews the book 'Global Economic History: A Very Short Introduction', which explores why some countries are richer than others and how nations have attempted to industrialize. The book avoids explanations based on cultural superiority or colonial exploitation, instead focusing on historical factors like the Industrial Revolution and various development models. It discusses the challenges faced by countries trying to industrialize in different eras and the effectiveness of different economic strategies, including planned economies and free market approaches. Shorter summary

The post critically examines the impact of India's 1991 economic reforms, suggesting that the country's economic growth began earlier and that the causes are more complex than commonly believed. Longer summary

This post examines the economic reforms in India and their impact on poverty reduction and economic growth. The author challenges the widely held belief that the 1991 reforms were the primary cause of India's economic boom. By analyzing various studies and economic data, the post suggests that India's growth trajectory began earlier, possibly in the mid-1970s or early 1980s. The exact causes of this growth remain unclear, with various factors such as trade liberalization, public investment, and political attitudes towards business being potential contributors. The author also discusses the potential impact of socialist policies on developing countries and the importance of understanding these economic shifts for future policy-making and arguments against certain forms of socialism. Shorter summary

Scott Alexander reviews analyses of various UBI plans, finding most unrealistic, then speculates on alternative approaches to implement UBI successfully. Longer summary

Scott Alexander discusses various Universal Basic Income (UBI) plans analyzed by Tumblr user squareallworthy. Most plans fail due to unrealistic funding schemes or insufficient amounts to lift people out of poverty. Scott then speculates on potential UBI implementations, suggesting a targeted approach focusing on poverty elimination through increased taxes on the wealthy. He also proposes a gradual implementation strategy tied to GDP growth, starting with a small amount and increasing over time. Shorter summary

Scott analyzes wage stagnation since 1973, examining various explanations and concluding that while wages have risen 40-50%, there is still significant decoupling from productivity due to multiple factors. Longer summary

This post analyzes the apparent wage stagnation and decoupling from productivity since 1973. Scott examines various explanations, including measurement issues, demographic changes, inflation calculations, increasing inequality, and policy changes. He concludes that wages have actually risen about 40-50% since 1973, but there is still a significant 50% decoupling from productivity. The main factors are increasing wage inequality (40%), inflation miscalculations (35%), and labor vs. capital inequality (15%). Scott breaks down potential causes and their relative importance, while noting several remaining questions and uncertainties. Shorter summary

Scott Alexander summarizes and responds to reader comments on his previous post comparing basic income to basic job guarantee programs. Longer summary

Scott Alexander summarizes and responds to various comments on his previous post about basic income vs. basic jobs. He covers topics like different countries' experiences with job guarantee programs, potential issues with UBI implementation, economic considerations, and philosophical arguments for and against UBI and basic jobs. The post aims to provide a balanced view of the debate by highlighting thoughtful comments from multiple perspectives. Shorter summary