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i_contemplate_'s profile
npc_respecter
npc_respecter
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@i_contemplate_

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npc_respecter

@i_contemplate_

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    1. npc_respecter‏ @i_contemplate_ 19 Jun 2016
      Replying to @i_contemplate_

      Productivity refers to the amount of goods/services that can be produced in a unit of time. More productivity,more goods for same effort 5/n

      1 reply 1 retweet 2 likes
    2. npc_respecter‏ @i_contemplate_ 19 Jun 2016
      Replying to @i_contemplate_

      Increasing productivity requires technological or process innovations - how to produce more of something with less/same effort 6/n

      1 reply 1 retweet 2 likes
    3. npc_respecter‏ @i_contemplate_ 19 Jun 2016
      Replying to @i_contemplate_

      I'm abusing Peter Thiel's terminology here, but one can think of Technological/process innovations as '0 to 1' 7/n

      1 reply 1 retweet 0 likes
    4. npc_respecter‏ @i_contemplate_ 19 Jun 2016
      Replying to @i_contemplate_

      And one can think of increasing size of markets, more labor, etc as '1 to n' processes that increase efficiencies and incentivize trade 8/n

      1 reply 1 retweet 1 like
    5. npc_respecter‏ @i_contemplate_ 19 Jun 2016
      Replying to @i_contemplate_

      'The Industrial Revolution' refers to period of technological AND process innovation that resulted in HUGE productivity increases 9/n

      1 reply 1 retweet 2 likes
    6. npc_respecter‏ @i_contemplate_ 19 Jun 2016
      Replying to @i_contemplate_

      All subsequent economic growth by those on the frontier relied on continual innovation in technology and processes of production 10/n

      1 reply 1 retweet 2 likes
    7. npc_respecter‏ @i_contemplate_ 19 Jun 2016
      Replying to @i_contemplate_

      1st time in human history, through ingenuity that created the technological/process breakthroughs, humans escaped the Malthusian Trap 11/n

      1 reply 2 retweets 2 likes
    8. npc_respecter‏ @i_contemplate_ 19 Jun 2016
      Replying to @i_contemplate_

      This resulted in an explosive growth in human population as food production outpaced population by a lot! 12/n

      1 reply 2 retweets 2 likes
    9. npc_respecter‏ @i_contemplate_ 19 Jun 2016
      Replying to @i_contemplate_

      And basically, we are still in an environment of increasing agricultural (and otherwise) productivity gains outpacing popn growth 13/n

      1 reply 2 retweets 2 likes
    10. npc_respecter‏ @i_contemplate_ 19 Jun 2016
      Replying to @i_contemplate_

      Some libertarians think escape from Malthus is permanent, but considering this event is barely 250 yrs old, lets not be sanguine! 14/n

      1 reply 2 retweets 4 likes
      npc_respecter‏ @i_contemplate_ 19 Jun 2016

      So, when a journalist/Davos personality shares some politically correct bromide and relates it to econ growth, ask yourself these qns 15/n

      5:56 PM - 19 Jun 2016
      • 1 Retweet
      • 3 Likes
      • उल्लू Miloš Tomin ALL CAPS BOSS mamdhata
      1 reply 1 retweet 3 likes
        1. npc_respecter‏ @i_contemplate_ 19 Jun 2016
          Replying to @i_contemplate_

          1) Is the proposal relevant to technological and process innovation? 2) Has the proposal any support from economic history? 16/16

          0 replies 1 retweet 3 likes
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