On April 27, I talked at Harvard Business School on information accounting: audio, slides.
On May 5, I talked in Geneva on the economics of artificial intelligence: audio, slides.
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Hanson claims that there hasnโt been acceleration and at the same time makes it seem as if the Industrsial Revolution appeared out of nowhere, although he adds that the economy has been doubling every 1,000 years.
1) I donโt see the evidence of the doubling of the economy every 1,000. He doesnโt tell the audience that this claim is based only on population doublings.
2) Economists have estimated 0.1% growth per capita for Western Europe in the 1600s, then up to but no greater than 0.4% to 0.5% during the 1700s in Britain. From 1800 or so, growth rate estimates improve significantly (especially after 1820) then acceleration continues into 1900 and 2000 with obvious variance.
One canโt conclude that there will necessarily be explosive growth per capita by 2040 to 2060, but an extrapolation from where the lead countries have been since 1650 shows much faster growth for the OECD in coming decades and likely the entire world since globalization is continuing.
Does anyone have the audio for the information accounting talk?
Hanson claims that there hasnโt been acceleration and at the same time makes it seem as if the Industrsial Revolution appeared out of nowhere, although he adds that the economy has been doubling every 1,000 years.
1) I donโt see the evidence of the doubling of the economy every 1,000. He doesnโt tell the audience that this claim is based only on population doublings.
2) Economists have estimated 0.1% growth per capita for Western Europe in the 1600s, then up to but no greater than 0.4% to 0.5% during the 1700s in Britain. From 1800 or so, growth rate estimates improve significantly (especially after 1820) then acceleration continues into 1900 and 2000 with obvious variance.
One canโt conclude that there will necessarily be explosive growth per capita by 2040 to 2060, but an extrapolation from where the lead countries have been since 1650 shows much faster growth for the OECD in coming decades and likely the entire world since globalization is continuing.