Empirical studies have shown that preferences for redistribution are significantly correlated with expectations of future mobility and the belief that society offers equal opportunities. We add to previous research by investigating the role of individual and social norms on rent seeking. We find...

In Inventing Value, Dave Elder-Vass (2022) argues that value is a set of beliefs about items that are strategically propagated to increase profits. The emphasis on value as a social process is particularly welcome, as this is the most fruitful direction for understanding worth. But the book...

I present a model of technology entrepreneurship in which “engineers” choose to either found a startup as an entrepreneur, pursuing a single business idea — obtaining seed funding from VCs in exchange for equity — or join an established startup as an employee. The model predicts the...