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On implicit numéraire

Just a quick thought today. When we, economist or otherwise, talk about the opportunity cost of time, the most common default is an individual’s expected wage. This ends up becoming a sort of implicit numéraire, a unit of measurement and exchange that captures value of an individual’s time. Now, to be clear, this is a…

The Joke is on Humorless Brutalism

A good joke that went around this week: Some people (surely none of our regular readers) don’t know what “brutalism” is. Quick primer: Brutalist architecture is a mid-20th century style (1950s–1970s) defined by raw concrete, massive blocky forms, and structural transparency. It often features rough, unadorned surfaces. “Brutalist Architecture Is Divisive—Here’s Everything You Need to…

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