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eigenrobot's profile
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eigenrobot

@eigenrobot

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eigenrobot.substack.com
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    1. eigenrobot‏ @eigenrobot Feb 1

      clarke's third fundamental theorem of welfare economics states that any sufficiently advanced socialist economy is indistinguishable from a market economy

      3 replies 3 retweets 86 likes
      Show this thread
    2. eigenrobot‏ @eigenrobot Feb 1

      thats where i ended where i started was thinking about the socialist calculation debate

      3 replies 0 retweets 31 likes
      Show this thread
    3. eigenrobot‏ @eigenrobot Feb 1

      specifically people who hope to use computers to make socialism a viable alternative to market economies face a problem not considered to the best of my knowledge

      2 replies 0 retweets 29 likes
      Show this thread
    4. eigenrobot‏ @eigenrobot Feb 1

      it turns out that as computational power increases and makes socialism more feasible in absolute terms, that computational power is also harnessed by market economies to dramatically reduce frictions increase _their_ absolute desirability

      4 replies 0 retweets 40 likes
      Show this thread
      eigenrobot‏ @eigenrobot Feb 1

      now this is a question of competing rates and my claim about the sign of the first derivative says nothing about magnitudes but i think it should make socialists less hopeful at least (it probably wont)

      6:49 PM - 1 Feb 2021
      • 22 Likes
      • Costa You Rush the House eris PNW Selina 🗽🇺🇸 Megathread Meathead eschatolocation Fred Arnolfson
      7 replies 0 retweets 22 likes
        1. eigenrobot‏ @eigenrobot Feb 1

          eigenrobot Retweeted Jacob Wilson

          another very good point gg socialismhttps://twitter.com/jacobjwilson/status/1356437044738854912 …

          eigenrobot added,

          Jacob Wilson @jacobjwilson
          Replying to @eigenrobot
          I think Alex Tabarrok wrote a thing about supercomputers advanced enough to solve a modern economy would in turn increase the complexity of the economy beyond their ability to solve it.
          3 replies 1 retweet 29 likes
          Show this thread
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        1. New conversation
        2. Jesse Abraham Lucas  🐒 🔧‏ @JesseLucasSaga Feb 1
          Replying to @eigenrobot

          there's a similar problem with tech that helps localists, but it's not as much of a problem if you use non-economic incentives. problem with socialism wasn't that it didn't max market smoothness it was that it failed to provide basic services

          1 reply 0 retweets 1 like
        3. Jesse Abraham Lucas  🐒 🔧‏ @JesseLucasSaga Feb 1
          Replying to @JesseLucasSaga @eigenrobot

          minmaxing against friction has plenty of its own issues

          0 replies 0 retweets 1 like
        4. Show replies
        1. New conversation
        2. St. Rev, Former PhD  ☯️ 🏴 😻‏ @St_Rev Feb 1
          Replying to @eigenrobot

          IIRC it would take about 200 years of uninterrupted Moore's Law for computational socialism to overcome the half of the SCP. But they still wouldn't have a solution to the information aggregation problem.

          1 reply 0 retweets 3 likes
        3. Alfred Differ  💉 💉++‏ @AlfredDiffer Feb 1
          Replying to @St_Rev @eigenrobot

          Not even that much time would do it. They'd need a time machine. We don't know what we want in the future all that well, especially around unknown unknowns, so the hairy aggregation problem's solution can't collect it.

          0 replies 0 retweets 1 like
        4. End of conversation
        1. New conversation
        2. David‏ @atonal440 Feb 1
          Replying to @eigenrobot

          Socialists have mostly given up on the calculation problem and mostly just try to tear down market economies' reputation for efficiency these days.

          2 replies 0 retweets 2 likes
        3. eigenrobot‏ @eigenrobot Feb 1
          Replying to @atonal440

          lol ofc

          0 replies 0 retweets 2 likes
        4. End of conversation
        1. New conversation
        2. Taf Kuc‏ @TKucf Feb 1
          Replying to @eigenrobot

          Devil’s advocate: that comp power would still give ‘em the leg up bc diminishing marginal utility. Actual Socialism rn starves everybody, but if it could make p01 and p50 lives comfortable even with lower mean, it could max utility vs capitalism

          1 reply 0 retweets 3 likes
        3. eigenrobot‏ @eigenrobot Feb 1
          Replying to @TKucf

          i believe in feeding the utility monster

          1 reply 0 retweets 0 likes
        4. Show replies
        1. New conversation
        2. Arcadio García‏ @arcadio_g_s Feb 1
          Replying to @eigenrobot

          The best way for a planned economy to leverage comp. power would be to use a coordination algorithm that models resource allocation decisions as auctions between agents, considering the abilities & needs of every person...

          1 reply 0 retweets 1 like
        3. Arcadio García‏ @arcadio_g_s Feb 1
          Replying to @arcadio_g_s @eigenrobot

          ... Obviously, to increase accuracy each person should be able to modify the utility function of its agent. And since enemies of the people might sabotage this centralized computation, they should fall back to an equivalent analog computation that ....

          1 reply 0 retweets 1 like
        4. Show replies

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