Using GDP to measure technological progress is like using pickle to change a car tire. Neither was intended to perform that function. Hal Varian explains: https://www.brookings.edu/wp-content/uploads/2016/08/varian.pdf …
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Imperfect but there’s a rich literature showing how it correlates strongly with the macro outcomes we care about. (And of course TFP growth, not GDP growth, is usually the metric used.)
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I appreciate any scientific paper that has charts and graphs like this one. This doesn't need to be peer reviewed. I've bought into 100% just for this.pic.twitter.com/ZLBZV9DJ7g
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authors provide no sources for this stylized figure and it strongly contradicts my intuition: - in absolute numbers, there are plenty of people today exploring novel ideas - in relative numbers, very few people are courageous enough to do novel research both in history and today
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An amazing exploration of incentives as they pertain to molding the environment, which then molds outcomes. First we build the environment, and then the environment shapes what we build. cc:
@danielweinand and your Summit talk back in the day :P -
That quote is by no other than the great Winston Churchill
I’m another five books or so into incentive based psychology now and trying to figure out the fascination of slot machines and jackpots. - 1 more reply
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Enjoyed
@Alex_Danco this week on related themes (and how Twitter is shifting the incentives)https://danco.substack.com/p/can-twitter-save-science … -
This is just crazy and true enough to work.
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I sometimes wonder what Adam Smith would think about academia of our time. (Wealth of Nations was published 1776)pic.twitter.com/4qqd1lZCcb
Thanks. Twitter will use this to make your timeline better. UndoUndo
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Tesla doesn't have an entire 1950s supply chain ecosystem to drag them down. Once we purposefully treat workers fairly enough to avoid the need for retaliatory [in self-defense] unionization, good things will come.
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