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AustenAllred's profile
Austen Allred
Austen Allred
Austen Allred
Verified account
@AustenAllred

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Austen AllredVerified account

@AustenAllred

CEO @LambdaSchool (YC S17): A CS education that's free until you get a job. I have made remarks that I do not agree with.

San Francisco, CA
lambdaschool.com
Joined December 2010

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    Austen Allred‏Verified account @AustenAllred Oct 2

    I’m trying to wrap my mind around how far off we are in measuring real productivity growth. I understand it’s become more difficult to measure (or at least we’re less accurate in measuring), but I’m trying to wrap my mind around *the extent* to which that’s true. Good sources?

    6:36 AM - 2 Oct 2018
    • 1 Retweet
    • 56 Likes
    • Patrick Corbett Ben Hakes kirk fernandes Moy Kehinde Ayanleye Jonathan Van Tim Beiko james Sarah Cone
    12 replies 1 retweet 56 likes
      1. New conversation
      2. Vita Benes‏ @vitabenes Oct 2
        Replying to @AustenAllred

        Have a chat with Peter Thiel?

        1 reply 0 retweets 0 likes
      3. Austen Allred‏Verified account @AustenAllred Oct 2
        Replying to @vitabenes

        I’m not worth his time :) Easier to read what he’s reading

        2 replies 0 retweets 1 like
      4. Vita Benes‏ @vitabenes Oct 2
        Replying to @AustenAllred

        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 👍

        0 replies 0 retweets 1 like
      5. End of conversation
      1. Saku Panditharatne‏ @sknthla Oct 2
        Replying to @AustenAllred

        A Great Leap Forward - Alexander Field

        0 replies 0 retweets 13 likes
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      1. New conversation
      2. Arjun Balaji‏ @arjunblj Oct 2
        Replying to @AustenAllred

        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.

        1 reply 0 retweets 0 likes
      3. Arjun Balaji‏ @arjunblj Oct 3
        Replying to @arjunblj @AustenAllred

        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):

        1 reply 0 retweets 1 like
      4. Arjun Balaji‏ @arjunblj Oct 3
        Replying to @arjunblj @AustenAllred

        (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.”

        1 reply 0 retweets 1 like
      5. Arjun Balaji‏ @arjunblj Oct 3
        Replying to @arjunblj @AustenAllred

        (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.

        1 reply 0 retweets 0 likes
      6. Arjun Balaji‏ @arjunblj Oct 3
        Replying to @arjunblj @AustenAllred

        (3) Humans just turn natural wealth into financial wealth, so “productivity” is better reflected as a *transfer* of wealth, not focusing on production.

        1 reply 0 retweets 1 like
      7. Arjun Balaji‏ @arjunblj Oct 3
        Replying to @arjunblj @AustenAllred

        (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.

        1 reply 0 retweets 0 likes
      8. Arjun Balaji‏ @arjunblj Oct 3
        Replying to @arjunblj @AustenAllred

        (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.).

        1 reply 0 retweets 1 like
      9. Arjun Balaji‏ @arjunblj Oct 3
        Replying to @arjunblj @AustenAllred

        (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.

        1 reply 0 retweets 2 likes
      10. 1 more reply
      1. Sar Haribhakti‏ @sarthakgh Oct 2
        Replying to @AustenAllred

        A skeptical take on mismeasurement theoryhttps://marginalrevolution.com/marginalrevolution/2018/09/syverson-on-productivity.html …

        0 replies 0 retweets 4 likes
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      1. José Luis Ricón (Artir)‏ @ArtirKel Oct 2
        Replying to @AustenAllred

        https://marginalrevolution.com/marginalrevolution/2018/09/syverson-on-productivity.html …

        0 replies 0 retweets 1 like
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      1. Austin Lieberman‏ @AustinLieb Oct 3
        Replying to @AustenAllred

        Great article here from Bill Gates. In it he references the book Capitalism Without Capitalhttps://www.gatesnotes.com/Books/Capitalism-Without-Capital …

        0 replies 0 retweets 0 likes
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      1. New conversation
      2. Nicolas Colin  🇪🇺‏ @Nicolas_Colin Oct 2
        Replying to @AustenAllred

        @MichaelMandel has worked a lot on measuring the data-driven economy: https://www.google.fr/amp/s/www.theatlantic.com/amp/article/278113/ … https://www.progressivepolicy.org/wp-content/uploads/2012/10/10.2012-Mandel_Beyond-Goods-and-Services_The-Unmeasured-Rise-of-the-Data-Driven-Economy.pdf …

        1 reply 0 retweets 0 likes
      3. Nicolas Colin  🇪🇺‏ @Nicolas_Colin Oct 2
        Replying to @Nicolas_Colin @AustenAllred @MichaelMandel

        Also here's interesting work by @erikbryn and Joo Hee Oh https://aisel.aisnet.org/cgi/viewcontent.cgi?article=1045&context=icis2012 …

        1 reply 0 retweets 0 likes
      4. Nicolas Colin  🇪🇺‏ @Nicolas_Colin Oct 2
        Replying to @Nicolas_Colin @AustenAllred and

        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 …

        0 replies 0 retweets 0 likes
      5. End of conversation
      1. New conversation
      2. Matt DeMonte‏ @mattdemonte Oct 2
        Replying to @AustenAllred

        "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.

        1 reply 0 retweets 0 likes
      3. Matt DeMonte‏ @mattdemonte Oct 2
        Replying to @mattdemonte @AustenAllred

        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.

        0 replies 0 retweets 0 likes
      4. End of conversation

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