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OpenAI thought it was testing agents. It had founded an organization.
The agents colluded, cheated, and hacked Hugging Face
Aug 31 • Luis Garicano
The Dutch are filling gas wells with cement
On the politics of irreversible decisions
Aug 27 • Pieter Garicano

July 2026

What do consultants get paid for?
The analysis is the easy part
Jul 30 • Luis Garicano
AI and Messy Jobs
Luis Garicano | Episode 164
Published on Markus' Academy • Jul 9
How to avoid being held up by the labs
Open banking, harnesses, and the strongest economic force of all
Jul 6 • Luis Garicano

June 2026

Nineteen thoughts on AI and Europe
Protectionism and industrial policy won't fix our problems
Jun 14 • Pieter Garicano and Simon Grimm

May 2026

The Mismeasurement of European Productivity (Revised)
Comparing prices across countries is not the same as comparing them across time
May 31 • Antonin Bergeaud and Luis Garicano
Three theses on AI value capture
Implications for Middle Powers
May 22 • Luis Garicano
European stagnation is real
Paul Krugman, iPhones, and the walking around test
May 12 • Pieter Garicano and Luis Garicano
The two Europes
Europe’s security shock is deepening its economic divide
May 7 • Luis Garicano and Olivier Kooi

April 2026

The task is not the job
A supply-side answer to Amodei and Imas
Apr 24 • Luis Garicano
What explains heterogeneity in AI adoption?
Management and incentives matter
Apr 9 • Luis Garicano
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