Free Money for Everyone - "A wacky-sounding idea with surprisingly conservative roots may be our best hope for escaping endless, grinding economic stagnation." (via) [more inside]
The Control Revolution And Its Discontents - "the long process of algorithmisation over the last 150 years has also, wherever possible, replaced implicit rules/contracts and principal-agent relationships with explicit processes and rules."
The experimental method: Testing solutions with randomized trials -- In trying to help explicate the complexity of society Clark Medal-winner Esther Duflo is raising the productivity of social policies by increasing our knowledge of what works and doesn't work through repeated social experiments of randomised controlled trials. She has a large surplus labour pool, a veritable industrial reserve army, to worth with. [more inside]
Neuroeconomics: "Eventually it could help economists design incentives that gently guide people toward making decisions that are in their long-term best interests in everything from labor negotiations to diets to 401(k) plans." Note the ambiguous use of the pronoun "their"--are we talking about the long-term interests of people in general or of economists?