What changes incentives, constraints, incidence, or growth?
Monthly research intelligence
Economics Radar
What changed in serious economics this month—and which claims survive the evidence?
July moved the economic frontier from model capability to conversion: organizational design, verification, market structure, and institutional scarcity determine whether new technology becomes measured output.
Read the July 2026 editionLatest editionJuly 2026
The monthly correction
Implementation Became the Mechanism
- 94Public R&D
Foreign TFP rises about 1% after a 1%-of-capital US R&D shock
- 93Growth
Additive TFP dominates exponential fit in long historical data
- 93Industrial clusters
A large early productivity gain reverses into a long-run disadvantage
The instrument
Capability is not output. A paper is not a result.
Peer review, working paper, experiment, model, correlation, or scenario?
What observation would resolve the disagreement?
Continuity