The problem with economic models is that they're only first-order Taylor expansions around the current technological point.
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@atroyn :-). First, it's an analogy; I'm not *literally* calling them Taylor expansions. Second, what other expansion would you suggest?1 reply 0 retweets 1 like
@atroyn If they were analogous to *full* Taylor expansions, they'd be much less problematic!
2:58 PM - 7 Jun 2015
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