does this argument make sense to anyone else? please only answer if you know what youre talkign aboutpic.twitter.com/9oqqfkcbfi
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I don't think math has got one iota of the reason behind this ... only if you define "economy" as some mysterious efficient market at allocating effort and goods between those willing to do the share of effort needed to produce them... ...which it has failed at for 160 years
Without the threat of anarchy and communism and resultant wage and saftey standards and other government interventions like consumer banking laws, gi bill , state homeowner ship sponsorship and subsidies via infrastructure etc... Lassiez faire capitalism was collapsing
the guy who gave the best account of how growth dies when people get scared of the next technology and try to shut it down is Acemoglu himself, wtf
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