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isabellamweber.bsky.social
Isabella M. Weber
@isabellamweber.bsky.social
25K followers 400 following 2.4K posts
EconProf, UMass Amherst Robinson, Keynes, Meiksins Wood, Rothschild & Matthöfer Prizes | Harvard Associate in Research | 2023 TIME100 Next
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Reposted by Isabella M. Weber
gregorsemieniuk.bsky.social
Gregor Semieniuk @gregorsemieniuk.bsky.social · 1d
🚨NEW PAPER🚨
We all know the 2022 energy price shock fueled the cost of living crisis. It also caused a profit bonanza for the very rich. We show the US reaped the largest profits ($377bn) of any country. 50% went to the richest 1%, only 1% to the bottom 50%. A🧵 www.sciencedirect.com/science/arti...
River or sankey diagram showing the allocation of profits from global oil and gas companies to quantiles of the US wealth size distribution via financial system intermediaries, such as asset managers, and categories of ultimate beneficiaries, such as business owners, pension funds and shareholders in listed companies. The scale is hundreds of billions of US dollars, and ultimately 50.4% of profits reaching the US personal wealth distribution go to the richest 1% of households.
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Reposted by Isabella M. Weber
paulhebden.bsky.social
Paul Hebden @paulhebden.bsky.social · 1d
When inflation rises policy makers administer "harsh medicine" on workers, putting them out of work and curbing their spending by whacking up interest rates. But what if that inflationary spiker solely benefits corporates and the wealthy?
bsky.app/profile/greg...
gregorsemieniuk.bsky.social
Gregor Semieniuk @gregorsemieniuk.bsky.social · 1d
🚨NEW PAPER🚨
We all know the 2022 energy price shock fueled the cost of living crisis. It also caused a profit bonanza for the very rich. We show the US reaped the largest profits ($377bn) of any country. 50% went to the richest 1%, only 1% to the bottom 50%. A🧵 www.sciencedirect.com/science/arti...
River or sankey diagram showing the allocation of profits from global oil and gas companies to quantiles of the US wealth size distribution via financial system intermediaries, such as asset managers, and categories of ultimate beneficiaries, such as business owners, pension funds and shareholders in listed companies. The scale is hundreds of billions of US dollars, and ultimately 50.4% of profits reaching the US personal wealth distribution go to the richest 1% of households.
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Reposted by Isabella M. Weber
rudyfaust.bsky.social
Rudy Faust @rudyfaust.bsky.social · 1d
Gives an extra layer of meaning to Distributed Energy Resources
gregorsemieniuk.bsky.social
Gregor Semieniuk @gregorsemieniuk.bsky.social · 1d
🚨NEW PAPER🚨
We all know the 2022 energy price shock fueled the cost of living crisis. It also caused a profit bonanza for the very rich. We show the US reaped the largest profits ($377bn) of any country. 50% went to the richest 1%, only 1% to the bottom 50%. A🧵 www.sciencedirect.com/science/arti...
River or sankey diagram showing the allocation of profits from global oil and gas companies to quantiles of the US wealth size distribution via financial system intermediaries, such as asset managers, and categories of ultimate beneficiaries, such as business owners, pension funds and shareholders in listed companies. The scale is hundreds of billions of US dollars, and ultimately 50.4% of profits reaching the US personal wealth distribution go to the richest 1% of households.
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Reposted by Isabella M. Weber
economicsinten.bsky.social
EconomicsInTen @economicsinten.bsky.social · 23h
This is a really interesting article by @isabellamweber.bsky.social especially after listening to @iandunt.bsky.social & @dorianlynskey.bsky.social speak today. Can economics change things or do people just want to smash things up? 🤔 #EconSky www.thenation.com/article/econ...
To Defeat the Far Right, We Must Adopt an Anti-Fascist Economic Policy
Opposition to the status quo must not be monopolized by the right-wing extremist visions of parties like Alternative für Deutschland.
www.thenation.com
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Reposted by Isabella M. Weber
gregorsemieniuk.bsky.social
Gregor Semieniuk @gregorsemieniuk.bsky.social · Aug 8
Energy rebound is elusive but key for climate change mitigation.

My co-authors & I developed a framework to consistently trace all energetic and economic aspects of rebound & visualize them.

Framework: doi.org/10.1177/0195...

Visualization & car & lamp upgrade examples: doi.org/10.1177/0195...
🔌💡
The title, author names and abstract of the first paper. The title is “Energetic and Economic Aspects of Rebound, Part I: Foundations of a Rigorous Analytical Framework." The full abstract and more can be read by following the first url in the post.
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Reposted by Isabella M. Weber
neil-r-edwards.bsky.social
Neil R. Edwards @neil-r-edwards.bsky.social · Aug 21
Important message on effect of record #fossil-fuel profits on #inequality not via cost-of-living but excessively unequal 'redistribution' of profits to shareholders. Thanks @gregorsemieniuk.bsky.social and friends at @openuniversity.bsky.social & elsewhere www.sciencedirect.com/science/arti...
Best of times, worst of times: record fossil-fuel profits, inflation and inequality
The 2022 oil and gas crisis resulted in record fossil-fuel profits globally that rehabilitated the oil and gas industry, obstructed the energy transit…
www.sciencedirect.com
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Reposted by Isabella M. Weber
shastingssimon.bsky.social
Sara Hastings-Simon 🇨🇦 @shastingssimon.bsky.social · Aug 28
Interesting new paper from @gregorsemieniuk.bsky.social looks very relevant for 🇨🇦 also. They look at US data but I imagine shareholder impact for Canadian companies has a lot of similarities

www.sciencedirect.com/science/arti...
investments of US$267 billion in the low carbon economy that year. In a network of U.S. shareholdings with 252,433 nodes including privately held U.S. companies, 50 % of profits went to the wealthiest 1% of individuals, predominantly through direct shareholdings and private company ownership. In contrast the bottom 50 % only received 1 %. The incremental U.S. fossil-fuel profits in 2022 relative to 2021 were enough to increase the disposable income of the wealthiest Americans by several percent and compensate a substantial part of their purchasing power loss from inflation that year, thereby exacerbating inflation inequality. These profits also reinforced existing racial and ethnic inequalities and inequalities between groups with different educational attainments. We discuss how an excess profit tax could
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Reposted by Isabella M. Weber
triofrancos.bsky.social
Thea Riofrancos @triofrancos.bsky.social · 24d
In a world riven by inequality and devastated by climate + ecological crisis, what would it take for "green industrial policy" to empower the working class in Global North + South, and be truly green?

New @cplusc.bsky.social report by me and Isabel Estevez (1/3) t.co/78sQQe4d1g
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Reposted by Isabella M. Weber
miskaknapek.bsky.social
Miska Knapek @miskaknapek.bsky.social · 1d
Who benefitted from energy price shocks - thread
gregorsemieniuk.bsky.social
Gregor Semieniuk @gregorsemieniuk.bsky.social · 1d
🚨NEW PAPER🚨
We all know the 2022 energy price shock fueled the cost of living crisis. It also caused a profit bonanza for the very rich. We show the US reaped the largest profits ($377bn) of any country. 50% went to the richest 1%, only 1% to the bottom 50%. A🧵 www.sciencedirect.com/science/arti...
River or sankey diagram showing the allocation of profits from global oil and gas companies to quantiles of the US wealth size distribution via financial system intermediaries, such as asset managers, and categories of ultimate beneficiaries, such as business owners, pension funds and shareholders in listed companies. The scale is hundreds of billions of US dollars, and ultimately 50.4% of profits reaching the US personal wealth distribution go to the richest 1% of households.
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Reposted by Isabella M. Weber
janfichtner.bsky.social
Jan Fichtner @janfichtner.bsky.social · 1d
📢 must-read new paper! 👇
gregorsemieniuk.bsky.social
Gregor Semieniuk @gregorsemieniuk.bsky.social · 1d
🚨NEW PAPER🚨
We all know the 2022 energy price shock fueled the cost of living crisis. It also caused a profit bonanza for the very rich. We show the US reaped the largest profits ($377bn) of any country. 50% went to the richest 1%, only 1% to the bottom 50%. A🧵 www.sciencedirect.com/science/arti...
River or sankey diagram showing the allocation of profits from global oil and gas companies to quantiles of the US wealth size distribution via financial system intermediaries, such as asset managers, and categories of ultimate beneficiaries, such as business owners, pension funds and shareholders in listed companies. The scale is hundreds of billions of US dollars, and ultimately 50.4% of profits reaching the US personal wealth distribution go to the richest 1% of households.
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Reposted by Isabella M. Weber
alexrbarron.bsky.social
Alex Barron @alexrbarron.bsky.social · 1d
"The incremental U.S. fossil-fuel profits in 2022 relative to 2021 were enough to increase the disposable income of the wealthiest Americans by several percent and compensate a substantial part of their purchasing power loss from inflation that year, thereby exacerbating inflation inequality. "
gregorsemieniuk.bsky.social
Gregor Semieniuk @gregorsemieniuk.bsky.social · 1d
🚨NEW PAPER🚨
We all know the 2022 energy price shock fueled the cost of living crisis. It also caused a profit bonanza for the very rich. We show the US reaped the largest profits ($377bn) of any country. 50% went to the richest 1%, only 1% to the bottom 50%. A🧵 www.sciencedirect.com/science/arti...
River or sankey diagram showing the allocation of profits from global oil and gas companies to quantiles of the US wealth size distribution via financial system intermediaries, such as asset managers, and categories of ultimate beneficiaries, such as business owners, pension funds and shareholders in listed companies. The scale is hundreds of billions of US dollars, and ultimately 50.4% of profits reaching the US personal wealth distribution go to the richest 1% of households.
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Reposted by Isabella M. Weber
paulhebden.bsky.social
Paul Hebden @paulhebden.bsky.social · 1d
Mad to me that the centrist UK commentariat still insist this never happened and nothing needs to change.
gregorsemieniuk.bsky.social
Gregor Semieniuk @gregorsemieniuk.bsky.social · 1d
🚨NEW PAPER🚨
We all know the 2022 energy price shock fueled the cost of living crisis. It also caused a profit bonanza for the very rich. We show the US reaped the largest profits ($377bn) of any country. 50% went to the richest 1%, only 1% to the bottom 50%. A🧵 www.sciencedirect.com/science/arti...
River or sankey diagram showing the allocation of profits from global oil and gas companies to quantiles of the US wealth size distribution via financial system intermediaries, such as asset managers, and categories of ultimate beneficiaries, such as business owners, pension funds and shareholders in listed companies. The scale is hundreds of billions of US dollars, and ultimately 50.4% of profits reaching the US personal wealth distribution go to the richest 1% of households.
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Reposted by Isabella M. Weber
gregorsemieniuk.bsky.social
Gregor Semieniuk @gregorsemieniuk.bsky.social · 1d
Policy relevance: Excess profit taxes could make fossil fuel profits less volatile in the low-carbon transition. Revenues could finance investments or alleviate inflation impacts: taxing incremental 2022 US profits as excess could've doubled clean energy investments or paid each US household $1,715.
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Reposted by Isabella M. Weber
gregorsemieniuk.bsky.social
Gregor Semieniuk @gregorsemieniuk.bsky.social · 1d
Fossil fuel profits also sharply increase inflation inequality.
Incremental 2022 fossil fuel profits over 2021 compensate several percent of 2022 inflation for the richest groups (triangles and squares), dwarfing differences in inflation due to differing consumption baskets (disks). 10/
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Reposted by Isabella M. Weber
gregorsemieniuk.bsky.social
Gregor Semieniuk @gregorsemieniuk.bsky.social · 1d
Record fossil fuel profits reinforce existing racial & ethnic inequalities. Whites (64% of households) benefit disproportionately with claims on 87% of all profits. Blacks (14% of hholds) have a claim on only 3% of all profits, & Hispanics (10% of hholds) a mere 1%, mainly through pensions. 9/
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Reposted by Isabella M. Weber
gregorsemieniuk.bsky.social
Gregor Semieniuk @gregorsemieniuk.bsky.social · 1d
The stock market consequences could not have been starker: The MSCI World Energy Index (ExxonMobil, Chevron, Shell etc) doubled in 2021-2022, while the Global Alternative Energy index (Vestas, First Solar, Orsted etc) fell by half in 2021-2024. 4/
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Reposted by Isabella M. Weber
gregorsemieniuk.bsky.social
Gregor Semieniuk @gregorsemieniuk.bsky.social · 1d
Oil & gas profits were much higher than in previous years: $916 billion for listed firms worldwide.

That was a huge windfall for shareholders: U.S. beneficiaries held claims to $301bn—one third of the listed total.

For comparison, total 2022 U.S. low-carbon energy investment was $266 billion. 3/
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Reposted by Isabella M. Weber
nessanichasaide.bsky.social
Nessa Ní Chasaide @nessanichasaide.bsky.social · 1d
Fantastic paper. Data by sector, geography, investor entity & distributional impact (in terms of wealth, race, education).
@gregorsemieniuk.bsky.social's conclusion below: "taxing incremental 2022 US profits as excess could've doubled clean energy investments or paid each US household $1,715".
gregorsemieniuk.bsky.social
Gregor Semieniuk @gregorsemieniuk.bsky.social · 1d
🚨NEW PAPER🚨
We all know the 2022 energy price shock fueled the cost of living crisis. It also caused a profit bonanza for the very rich. We show the US reaped the largest profits ($377bn) of any country. 50% went to the richest 1%, only 1% to the bottom 50%. A🧵 www.sciencedirect.com/science/arti...
River or sankey diagram showing the allocation of profits from global oil and gas companies to quantiles of the US wealth size distribution via financial system intermediaries, such as asset managers, and categories of ultimate beneficiaries, such as business owners, pension funds and shareholders in listed companies. The scale is hundreds of billions of US dollars, and ultimately 50.4% of profits reaching the US personal wealth distribution go to the richest 1% of households.
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Reposted by Isabella M. Weber
benbraun.bsky.social
Benjamin Braun @benbraun.bsky.social · 1d
If profits shape the energy transition we need to understand the biggest profit event this century: the 2022 oil and gas price spike.

Very happy our paper is now out in Energy Research & Social Science. Thread by lead-author @gregorsemieniuk.bsky.social 👇
gregorsemieniuk.bsky.social
Gregor Semieniuk @gregorsemieniuk.bsky.social · 1d
🚨NEW PAPER🚨
We all know the 2022 energy price shock fueled the cost of living crisis. It also caused a profit bonanza for the very rich. We show the US reaped the largest profits ($377bn) of any country. 50% went to the richest 1%, only 1% to the bottom 50%. A🧵 www.sciencedirect.com/science/arti...
River or sankey diagram showing the allocation of profits from global oil and gas companies to quantiles of the US wealth size distribution via financial system intermediaries, such as asset managers, and categories of ultimate beneficiaries, such as business owners, pension funds and shareholders in listed companies. The scale is hundreds of billions of US dollars, and ultimately 50.4% of profits reaching the US personal wealth distribution go to the richest 1% of households.
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isabellamweber.bsky.social
Isabella M. Weber @isabellamweber.bsky.social · 6d
Die Global Sumut Flotilla wurde vom israelischen Militär in internationalen Gewässern abgefangen. Freiwillige, die sich zum Ziel gesetzt haben Hilfsgüter nach Gaza zu bringen, wurden verhaftet. Einer von ihnen ist David Adler. Bevor er verschwand, erklärt er ihre Mission.
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isabellamweber.bsky.social
Isabella M. Weber @isabellamweber.bsky.social · 13d
Mainstream economics continues to rely on Newtonian mathematics — using calculus to optimise, subject to constraints, an approach not suited to understanding macroeconomics or human behavior.

Nice shoutout to Vela Velupillai, my former professor at The New School

www.ft.com/content/2925...
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Reposted by Isabella M. Weber
ineteconomics.bsky.social
INET - Institute for New Economic Thinking @ineteconomics.bsky.social · 13d
Is inflation just a number game or does it hold deeper societal implications?

👉 youtu.be/fjoDjv1R3to 👀

@isabellamweber.bsky.social @umassamherst.bsky.social challenges traditional economic stances on inflation & delves into the social dimensions of pricing.
Sellers Inflation [Isabella Weber]
YouTube video by New Economic Thinking
youtu.be
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isabellamweber.bsky.social
Isabella M. Weber @isabellamweber.bsky.social · 16d
Eine schöne Überraschung: Die FAZ zählt mich zu den besten deutschen Denker:innen der Gegenwart.

„Dabei kann sich Isabella Weber in ihren Studien zum Zusammenwirken von Staat und Markt auf eine im wahrsten Sinne globalisierte Forschungsbiographie stützen.“

Vielen Dank!
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Reposted by Isabella M. Weber
achimtruger.bsky.social
Achim Truger @achimtruger.bsky.social · 24d
"Die Agenda 2010 ist kein Vorbild für die heutige Wirtschaftspolitik"
Freue mich riesig über meine neue Surplus-Kolumne! 👇

Die Rufe nach »Strukturreformen« à la Agenda 2010 basieren auf Fehldiagnosen und können Wirtschaft + Demokratie schweren Schaden zufügen!
www.surplusmagazin.de/agenda-2010-...
Die Agenda 2010 ist kein Vorbild für die heutige Wirtschaftspolitik
Die Rufe nach »Strukturreformen« à la Agenda 2010 werden lauter. Doch sie basieren auf Fehldiagnosen und können Wirtschaft und Demokratie schweren Schaden zufügen.
www.surplusmagazin.de
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isabellamweber.bsky.social
Isabella M. Weber @isabellamweber.bsky.social · 29d
As I work toward an anti-fascist economics, my perspective has been newly sharpened. We're thrilled to welcome our baby, who is reminding us daily of the value of our collective future.
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