Congrats to AJR! 🌟 They are brilliant.
But I don't agree with their idealized portrayal of institutions in Western development
It is historically inaccurate, if not ideologized
Thus, not only do they struggle to explain China, they also can't explain why West... See more
Yuen Yuen Angx.comCongrats to AJR! 🌟 They are brilliant. But I don't agree with their idealized portrayal of institutions in Western development It is historically inaccurate, if not ideologized Thus, not only do they struggle to explain China, they also can't explain why Western economies like the US prospered despite being as corrupt as China is today
There is no right or wrong approach to development. China has done remarkably well thus far, but at the cost of political freedom, environmental damage, creating a society (through enforced limits on family size) in which there will be insufficient working-age men and women to support the elderly, large inefficiencies that have wasted great sums of
... See moreRichard Haass • The World
They’re using billions of dollars in cash and dizzying stockpiles of data to gobble up available AI talent. They’re also working to construct the “power grids” for the AI age: privately controlled computing networks that distribute machine learning across the economy, with the corporate giants acting as “utilities.” It’s a worrisome phenomenon for
... See moreKai-Fu Lee • AI Superpowers: China, Silicon Valley, and the New World Order
why did some countries adopt those new ideas of science and industry faster than others? Haiti’s economy, for example, declined over much of the twentieth century. The per-capita GDP of the Dominican Republic grew fivefold over the same period. Yet they are two halves of the same island. History doesn’t allow proofs, but some explanations are not t
... See moreSafi Bahcall • Loonshots: How to Nurture the Crazy Ideas That Win Wars, Cure Diseases, and Transform Industries
Under-appreciated fact: today’s Nobel is, in large part, given for formally introducing class struggle into mainstream theory and empirics of economic growth and political development.
Their models of democratization and much of their historical analysis is effectively an argument that in some places, historical circumstances drove bargaining power... See more
Their models of democratization and much of their historical analysis is effectively an argument that in some places, historical circumstances drove bargaining power... See more