About the Author
Hi, I’m Seth Neumuller, an Associate Professor of Economics at Wellesley College. I teach and research macroeconomics and finance, and I hold a Ph.D. in economics from UCLA. You can read more about my academic work here.
I started Mildly Efficient (and Occasionally Rational) as an outlet to think out loud about the macroeconomy and financial markets, without the publication lag or academic overhead. It gives me a place to write about what I find interesting, on my own terms, without needing to impress a journal editor or referee with 15 pages of derivations and an appendix full of robustness checks.
Here, I apply economic models to real-world problems, using first principles to navigate the space between elegant theory and messy reality. My goal is simple: to distill complex ideas and market developments in a way that is thoughtful, grounded, and occasionally even useful. I am less interested in the illusion of precision than in perspective: what the frameworks suggest, where they fall short, and how they can help make sense of what is actually happening in the world.
You do not need a graduate degree in economics or finance to follow along. I try to keep things grounded, accessible, and occasionally even a little fun.
No hot takes. Just thoughtful ones.
Thanks for reading, and if you’re mildly curious, I hope you’ll subscribe.
Disclaimer: The articles published on this substack are for educational and informational purposes only and should not be construed as financial or investment advice. The views expressed are those of the author and do not constitute a recommendation to buy, sell, or hold any security. Readers should conduct their own research and consult a licensed financial advisor before making any investment decisions.
