A Random Physicist Takes on Economics
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A Random Physicist Takes on Economics
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Jason Smith is a physicist who took to economics. He has used modern information theory to build a different approach to analysing and predicting economic data. Jason always has a fresh and unexpected approach to things and remains an empiricist through and through. We had a super interesting chat that ranged from economic methdology to machine learning and AI to workers' rights and unemployment.
His academic paper on information theory and economics is here:
https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3094757
He has a well circulated article critiquing Hayek’s approach to information: https://evonomics.com/hayek-meets-information-theory-fails/
He has a substack: https://substack.com/@infoeqm but also check out his old blog: https://informationtransfereconomics.blogspot.com/
He has written two books: A Random Physicist Takes on Economics and A Workers' History of the United States 1948-2020.
Originally recorded on 16th December 2024.
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