Neither works perfectly. I believe in free markets but if we're going to be honest about the history of market economies we should own up to the fact that they don't simply create winners and losers in the short term they enshrine them. Raising tides of wealth float most boats but inequities in resources and inefficiencies in allocation necessarily create permanent losers which may well be the worst system ever invented expect for all the rest but we shouldn't pretend otherwise.
The Solow model has its uses, but it fails when it comes to major changes
stemming from AI. Consider instead an economy with (at least) two factors
of p...

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