By offering AI overviews and AI Mode for free, Google is betting that users, once hooked on LLMs, will pay for these services, thereby allowing them to recoup the steep development costs, @amar_bhide writes. https://t.co/CcZzLomF1i
Wider adoption of AI models could provoke a destructive monomania that would act as a drag on output per worker, rather than a boost, @amar_bhide explains. https://t.co/CcZzLomF1i
Here's one cold-eyed reading list: The books on capitalism and crime that helped @johnauthers deal with a uniquely stressful year https://t.co/dtMdMNNfzC
@FriedrichHayek Thank you so much and merry xmas if you celebrate it. (I cant tell who you are though, from your twitter handle! Im at [email protected])
@FriedrichHayek I have no time for impenetrable soft obscurantists (to borrow from Elster). Plus that lot ignored my 1990s ideas, merely citing just some minor findings in a condescending way.
To cap it all the review gets the name of my book wrong.
@PerBylund Good article. But look how far back you have to go to find something in a mainstream econ journal. & I bet the JPE would not publish it today.
@PerBylund Actually there is a large community of economists who do "entrepreneurship" research -- but exclude uncertainty. Baumol did as well, if you look carefully. My no doubt futile effort is to change that. Citing the management literature wouldn't help.
@PerBylund Perhaps. I read econ journals and go to NBER meetings, never to AOM. Personal preference. There are other writing choice issues. The book is 440 pages with 25 pages of references. Even that will likely fail in my effort to influence the NBER crowd. More wouldnt help.
@amar_bhide expands upon his analysis of uncertainty in his new @OxUniPress book, Uncertainty and Enterprise: Venturing Beyond the Known.
https://t.co/NHgtPkaCUt
Professor Emeritus @amar_bhide on Trump's relationship with U.S. corporations: "...ad-hoc arm-twisting and blustery dealmaking that threatens the country’s dynamism and its rule of law." @barronsonline
https://t.co/mdg6oByLzQ