substitution effect
4 episodes mention this concept
EconomicsExplainedAug 10, 2025The Paradox of Productivity: Why We Still Work Long Hours Despite Keynes's Prediction and Technological Progress
EconomicsKeynes's 15-hour work week predictionProductivity paradoxService sector job creationMeaningless work- EconomicsExplainedJun 12, 2025
Why Trillions of Foreign Aid Hasn't Solved Poverty: An Economic Analysis of Its Failures and Future
EconomicsForeign AidDevelopment AidHumanitarian AssistanceLow-income Equilibria 
NewEconomicThinkingFeb 16, 2022Beyond Rationality: Deconstructing Behavioral Economics and Paternalism
EconomicsDecision-making failureMarket failureBehavioral biasesCognitive biases- NewEconomicThinkingJul 23, 2020
The AI Awakening: Economic Implications of Automation, Remote Work, and the Productivity Paradox
EconomicsArtificial General Intelligence (AGI)AutomationMachine LearningDeep Learning
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Related concepts
Concepts that appear alongside substitution effect across episodes.
- productivity paradox
- poverty reduction
- speech recognition
- computational power
- aid industrial complex
- bullshit jobs
- principal-agent problem
- work-life balance
- service sector job creation
- development aid
- ghost-working
- income effect
- economic inertia
- wage percentile
- parkinson's law
- phantom aid
- conditional cash transfers
- o*net (occupational information network)
- artificial general intelligence (agi)
- neural networks