2022 - 2023 Keynes Lecture - Professor Xavier Gabaix

Professor Xavier Gabaix (Harvard University) gives the 2022 - 2023 Keynes Lecture on "Economic networks: new models, facts, and identification methods"
Find out more: www.keynesfund...

[@psikeyhackr6914]

Did John Maynard Keynes ever see a television commercial for automobiles? How has planned obsolescence affected economies since 1946? There were 200,000,000 motor vehicles in the United States in 1995? Where is the data on the depreciation of those vehicles? Karl Marx used the word 'depreciation' 35 times in the first two volumes of his major work. But the gas automobile was not invented until 2 years after his death.

[@supermario929]

The guy is hysterical. He complicates simple things. Just check his GIV paper