Intertemporal Substitution - Is It a Utility Function of Habit Formation?

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Paul tilly on twitter asks, what industries or group surprised you in their response to covid. The n b a just shut down all games as early as it did in march was brilliant and prescient. i believe in inter temporal substitution. If you can, don't do it year, but next year go to twice as many games. And we actually need to incorporate into our economic models. So i can travel less this year, and next year, vaccinated, i might take more trips. Right if the world will let me do more face to face c w ts and so on,. hang out with lydia davis, whatever. But people don't think that it's more a...

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On this special year-in-review episode, producer Jeff Holmes sat down with Tyler to talk about the most popular—and most underrated—episodes, Tyler's personal highlight of the year, how well state capacity libertarianism has fared, a new food rule for ordering well during the pandemic, how his production function changed this year, why he got sick of pickles, when he thinks the next face-to-face recording will be, the first thing he’ll do post vaccine, an update on his next book, and more.

Read a full transcript enhanced with helpful links, or watch the full video.

Recorded December 1st, 2020 Other ways to connect

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