Economics

  • Ghost GDP: From mechanisation to cognitisation

    In a provocative thought exercise posted on the Citrini Research Substack, an intriguing question is raised: what happens if AI progress stays bullish at the cost of macroeconomic trends turning bearish? It is purported that the bearish macroeconomic direction is driven primarily by an historic “intelligence displacement spiral”, in which abundant machine intelligence compresses the…

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  • Review: Bertrand Russell’s ‘In Praise of Idleness’

    In Praise of Idleness and Other Essays by Bertrand Russell My rating: 4 of 5 stars View all my reviews To some, or perhaps to many, it may seem a radical idea: idleness. But for the great British logician, mathematician, and Nobel laureate Bertrand Russell, idleness is seen as a historically rooted concept which ties…

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  • MIT Professor and former Nobel Prize winning economist, Bengt Holmström, known mostly for his interesting work in contract theory, recently offered an intriguing analysis with respect to the reemergence of extreme and violent populisms in relation to the appeal for simplistic narratives and information streams. I found his comments especially striking, particularly in an epistemological context.…

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