When I listen to tech people talk about economics and politics, I'm increasingly reminded of public health experts on Covid.
The experts on Covid knew a lot about biology. They could tell us how the disease could spread, explain the concept of R₀, and tell us that vaccines would be good for us. They were "right" about a lot when they stuck to what they knew.
But when epidemiologists started talking about politics and what to do about covid, they were completely out of their depth. They didn't have the tools to do cost-benefit analysis regarding policies like mask mandates, school closures, and lockdowns. They had half-baked theories about human psychology and could justify lying because they didn't understand that this might cause a political backlash.
Tech people know a lot about AI. But then I hear them talk about all jobs going extinct and hyper charged growth. They have crackpot ideas about political economy, and predict that the welfare state will disappear as the value of labor declines. And yet you don't find AI leading to supercharged growth, and the unemployment rate hasn't changed. Their predictions that the welfare state might wither away and a few rich people might capture all the gains show no signs of being true. They're just speculation, and the kinds of ideas that people who study economics and political science generally find a lot less plausible.
Another parallel is that the tech industry is experiencing a political backlash, just as the public health establishment did. I don't want to stretch this analogy too far, but I think that the common theme is that both communities were way too overconfident about their understanding of politics and social dynamics.
@ML_Burn IMO in other social sciences different paradigms can coexist but in econ 'mainstream' believes they are like real science and other approaches are all cranks.
Personally I like heterodox Austrian stuff but I understand why 'mainstream' guy may hołd this view of heterodox econ
@florianederer@LTG_Veers I think Hayek on dispersed knowledge is widely known and appreciated. Rest of Austrian ideas probably not so much, but every now and then Sargent will cite Rothbard or Calvo will write something appreciating Austrians.
https://t.co/KklvJNHZEU
...InPost jest wyjątkiem. Reguła jest taka: rentowne* zagraniczne firmy płacą w 🇵🇱 średnio takie same podatki jak krajowe (~1,34% przychodu), a mediana obciążeń tych pierwszych jest wyższa niż drugich (1% vs 0,7%). Jeśli uwzględnić też firmy nierentowne*, obraz jest podobny⬇️2/6
Nie, Finlandia nie powinna być wzorem poboru dla Polski. Zapraszam na wątek, gdzie analizuję ponad godzinę manipulacji i absurdalnych pomysłów Mentzena. 🧵