This paper gives a fancy name to a problem you can already feel in your bones
"The Tragedy of the Cognitive Commons." Checking AI output requires deep expertise. Deep expertise comes from doing grunt work for years. And grunt work is the first thing AI eats
So we're building systems that need expert supervision while dismantling the only known process for making experts
The paper calls the shared pool of human expertise the "cognitive commons." Every profession drinks from it. Nobody's refilling it.
By eliminating junior roles, each company is acting totally rationally, and the collective result: a profession that can't catch AI's mistakes anymore because it never learned to do the work in the first place
Who checks AI's homework in 15 years?
French economist Thomas Piketty to Zack Polanski,
"This neoliberal turn of the 80s has not been a huge success for the middle class and for average living standards"
"The big promise that was made in the 80s by Reagan and Thatcher was, look, we are going to kill off progressive taxation, maybe inequality will rise, but the size of the pie is going to grow so fast like you've never seen."
"Average wages, average income are going to grow like you've never seen. And so everybody will be happy."
"30 years later, 40 years later. When I look at Brexit or when I look at the Trumpist United States, I don't see, very happy people."
"And I think partly because of the failure of this promise and this is why right wing parties in these two countries, the Republican in the US and the Conservative and now Reform Party in Britain, have turned anti migrant toward identity politics because they have not delivered on the economic front and on living standards"
My Nobel lecture and the video of the Stockholm lecture are online.
It covers what creative destruction tells us about secular stagnation, firm dynamics, the middle-income trap, and AI as the next GPT revolution.
Paper: https://t.co/Viem3OXkiC
Video: https://t.co/9rfqTvWXMy
Sobre el asilo en México de Betssy Chávez.
Troll promedio del 'fujiporkysmo' vira a la defensa del salvoconducto otorgado a Chávez. ¿De dónde se digita esta directiva?
ahí está: Balcázar deja que se escape su camarada Bettsy!! estos comunistas, siempre así…
ah no, perdón…
serena y estratégica decisión de Estado tomada por nuestra presidenta constitucional.
I am with @sndurlauf. This reeks of an academic scandal. Tenure is worth nothing is such a dismissal is possible. Consider signing the open letter by @JosephEStiglitz protesting this. I probably disagree with him and Stiglitz about anything and everything, but this is dangerous.
The treatment of Sanjay Reddy @sanjaygreddy is disgraceful. He is a key figure in the Economics Department of the New School and is one of the most trenchant critiques of neoclassical economics anywhere. I profoundly disagree with most of what he has to say, but that is of no importance. What is important is that that he is a key thinker on the limits of mainstream economics. To the extent that this action inhibits his future contributions, the discipline is the poorer.
More broadly developments at The New School are terrible news for the academy. The New School's championship of heterodox thinking and scholarly dissent has played and plays a unique role in the ecology of knowledge creation for economics and for social science.
The treatment of Sanjay Reddy @sanjaygreddy is disgraceful. He is a key figure in the Economics Department and one of the most trenchant critiques of neoclassical economics anywhere. I profoundly disagree with most of what he has to say, but that is the point. To the extent that this action inhibits his future contributions, the discipline is the poorer.
He who knows only his own side of the case, knows little of that. His reasons may be good, and no one may have been able to refute them. But if he is equally unable to refute the reasons on the opposite side; if he does not so much as know what they are, he has no ground for preferring either opinion...Nor is it enough that he should hear the arguments of adversaries from his own teachers, presented as they state them, and accompanied by what they offer as refutations. That is not the way to do justice to the arguments, or bring them into real contact with his own mind. He must be able to hear them from persons who actually believe them; who defend them in earnest, and do their very utmost for them.
John Stuart Mill, On LibertyCrisis at The New School@TheNewSchool
https://t.co/bC3oIZrUNI
¿Alguien me puede explicar por qué hasta esta hora Juntos por el Perú no hace efectiva la suspensión -aunque sea temporalmente- del diputado de su bancada Julián Pérez, acusado de presunta violencia física por su expareja y con antecedentes? ¿Qué hace falta? HIPÓCRITAS DE MIERDA.
El comunicado entero del presidente de la Federación de Fútbol de Jordania donde denuncia el chantaje de Infantino a cambio de brindarle su apoyo.
Es durísimo.
The new Amartya Sen Prize for top young (less than 45) Latin American economists is open for nominations. Glad the best work of economists from our region is being rewarded. Submit your nominations: https://t.co/8QNqkrzkx1
Quien no ha escuchado el pódcast "Grandes Infelices" se está perdiendo uno de los más grandes placeres literarios.
Este jueves 6 conversaré con su creador, @javierpenalopez , sobre una variante que les va a gustar: grandes infelices de la literatura peruana.
FIL Lima, 5 p.m.
Four facts about monopsony power in Latin America and the Caribbean / Cuatro hechos sobre el poder de monopsonio en América Latina y el Caribe https://t.co/VgcyPklnxz
El panfleto que toma el nombre de "Caretas" publicó 4 páginas de ataques a Gustavo Gorriti.
Sí, a Gorriti, el mejor investigador que tuvo la revista de Enrique Zileri. Drusila Zileri tuvo que poner un tuit defendiendo a Gorriti y advertiendo que esa no es la revista de su padre.