Have a chat with Peter Thiel?
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I’m not worth his time :) Easier to read what he’s reading
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That topic alone might not be, but a discussion about Lambda and the future of education would likely be time well spent for both of you
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A Great Leap Forward - Alexander Field
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Coyle’s GDP is short and a good start—provides historical context and discusses some modern limitations. The best takedown of GDP (as income/relative measurement) and why it’s a bad barometer for societal growth that I’ve read is Lorenzo Fioramonti’s work. Absolutely scathing.
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Because it’s 3am and I can’t sleep, here’s a quick summary of Lorenzo's basic argument (all bleary-eyed mistakes my own):
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(1) GDP is broken at best and a lie at worst, yet it’s been part of our collective delusion, built on a historical understanding that looking at markets (wealth production) is the easiest way to measure “productivity.”
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(2) Endless production & consumption are integral to GDP, except GDP can’t really account well for long-lasting things. If you aren’t keeping up with the Joneses (so to speak), continually leveling up your relative status, this is poorly reflected.
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(3) Humans just turn natural wealth into financial wealth, so “productivity” is better reflected as a *transfer* of wealth, not focusing on production.
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(4) He presents an argument grounded in environmentalism — not sure I find it compelling — but it’s very interesting, that our production/consumption-driven economy is just stealing from nature because of our focus of “infinite productivity growth” on a finite set of resources.
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(5) He makes the case that focus on GDP hasn’t made our lives better, pushing us into work over leisure. There’s no guarantee that all this “increased” productivity has improved society (e.g. more working moms/dads, etc.).
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(6) GDP and other naive measures of productivity, he argues, are so deeply entrenched in politics that it’s turned into a global battleground and that we need to rethink our resource allocation away from out-dated measurements from economists.
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A skeptical take on mismeasurement theoryhttps://marginalrevolution.com/marginalrevolution/2018/09/syverson-on-productivity.html …
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Great article here from Bill Gates. In it he references the book Capitalism Without Capitalhttps://www.gatesnotes.com/Books/Capitalism-Without-Capital …
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Also here's interesting work by
@erikbryn and Joo Hee Oh https://aisel.aisnet.org/cgi/viewcontent.cgi?article=1045&context=icis2012 … -
And some historical background here in the
@NewYorker (review of a book by@DirkPhilipsen)https://www.newyorker.com/business/currency/the-end-of-g-d-p …
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"GDP: A brief but affectionate history" by Diane Coyle covers the ground quite well. She has discussed on many podcasts. She is an economist specializing in this topic.
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Basic thesis is that GDP measures certain things well, mostly how much stuff is produced & sold. It doesn't count things that aren't priced/traded, e.g. human health, well-being, environmental cleanliness, value of free svcs & higher quality of everything.
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