Sylvain Catherine

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@sc_cath

Economist. Associate Professor of Finance at Wharton.

sylvaincatherine.net Joined February 2015

3K Following 50K Followers 16K Posts

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Sylvain Catherine @sc_cath Jul 30, 2024

🧵🚨Accepted paper🧪
with @mjmill611 (Harvard) and @NatashaRSarin (Yale)
Existing studies paint an incomplete picture of trends in wealth inequality in the US. When Social Security is properly accounted for, wealth inequality has not really increased over the past three decades.

Sylvain Catherine @sc_cath 21h

The vast majority of people do not care about advances in mathematics or theoretical physics (even mathematicians themselves), and it will probably take many years before they see actual drugs on the market.

In the meantime, opposition to AI will keep growing. Especially if some of the risks materialize.

My bet is that political polarization will end with a one-sided cultural war against Tech.

Sylvain Catherine @sc_cath 5d

The industrial revolution very quickly accelerated economic growth in the UK, but Englishmen born in the 1850s were shorter in adulthood than their grand parents.

Adapting the political and social institutions so everyone can benefit from technological breakthroughs can be even slower than economic diffusion.

Sylvain Catherine @sc_cath 5d

We need human agency

BBC News (World) Verified account @BBCWorld 6d

Italian chef fired for refusing to put pineapple on pizza bbc.in/4egT8uf
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Sylvain Catherine @sc_cath 5d

For as long as I have been reviewing students writing, I have been using the same loop:
- me: “what do you mean?”
- student: some explanation in plain English
- me: “then just write that”

Paul Graham Verified account @paulg 5d

Watching my sons learn to write has explained a lot about why good writing is rare. They're both convinced they have to produce bloated word salad when writing essays in school, and that if they wrote simply and clearly they'd get bad grades. The sad thing is they may be right.
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