Established economic theory assumes that patents and, more broadly, Intellectual Property Protection (IPP) are essential to drive innovation. The prevailing wisdom—'No IPP, No Innovation'—was even endorsed by the The Nobel Prize a few years ago. Yet, history and empirical evidence

The Nobel in Economic Sciences in 2025 honors Joel Mokyr, Philippe Aghion, and Peter Howitt for their work on innovation and endogenous growth. Below is a thread 🧵 of appreciation, and why I think it matters for those of us trying to better understand international trade. 1/9

This paper shows that authors from low-income countries remain excluded from top-ranked economics journals and receive less attention from other economists. Developing country authors are far less likely to be published in top journals even when holding citation counts constant.

I received disproportionate amount of attention to 'ok' work I did at Princeton and Oxford and literally ignored in quite good my Turkey-based pubs. Window dressing effects of academia are really real.

I am seeing tons of people react to this and say “Look at the AER, QJE” tons of papers with data from developing countries. I did my first 13 years as an academic in Brazil, of course it’s possible to publish good work from the periphery, but it’s SO MUCH HARDER, you have no idea

Renaud Foucart Maybe, but it did get rejected in other places asking about “external validity”

This and simply this! Two connected but distinct problems exist: external validity is presumed weak when data are from a developing country, and quality is presumed lower with a developing country affiliation. One sentence X dismissals of the WD paper simply confirm these biases.

Yes, Olivier Blanchard is right here. Silly models can be dead serious. I'm serious. Don't judge a model by how abstract or simple it is, but whether it delivers insight or helps organize thoughts. Just as in art, which is also about seeking truth

Triste de no haber estado hoy en la ceremonia del Premio Xirau a la mejor investigación económica sobre educación en México. Igual no tengo duda de que mis coautores, Francisco y Emmanuel, me representaron muy bien. Gracias al Colmex por el reconocimiento que nos alegra tanto. 🙂

Resharing, sorry for the self promo. Free trade is not a panacea. My paper shows gains in industrialized countries, but in nonindustrialized countries it slowed growth, lowered incomes. Even so, from time to time I see economists here insist on more free trade. Caution.

#AgendaCIDE | Te invitamos a escuchar la plática impartida por el Dr. David Mayer "Conversando sobre Desarrollo e Innovación". - 🗓️07 de noviembre de 2025 | 12:00 horas - Sala de Proyecciones, #CIDE Santa Fe - Transmisión: bit.ly/48QJqwM

(1/5) Happy to share our new article with Ha-Joon Chang, where we argue for the urgent need to reform the international economic order. elgaronline.com/view/journals/…

This is #EconTwitter at its best. Superb exchange between Roger E. A. Farmer and Ricardo Reis on the NK model. Also glad I am teaching the Carlin and Soskice 3-equation version, top tier yet rightly critical. From my heterodox training, my one lament, if only Peter Skott were here…