3 ms·
What great questions. I've had pub debates about 3/5 of these over the last year. Reminds me a lot of pg during his prolific periods. What makes a lot of these
by dalbasal 6y ago
What great questions. I've had pub debates about 3/5 of these over the last year. Reminds me a lot of pg during his prolific periods.
What makes a lot of these interesting is that most have bad answers. Some (eg the inflation question) have answers were sustainable 10-20 years ago, but grew out of them. Some have cliched or even ideological answers. Again, time has changed the strength of these answers. Time to re-ask and re-answer.
Some (eg progress in science) have no obvious or common answer, but are commonly discussed at a smaller scale. Academic incentives, publishing & such are commonly discussed, but no ways forward seem to emerge.. even rhetorically.
In any case, I think the first one (inflation by sector) hits squarely at a major blindspot in most economic thinking. I think it's responsible for a lot of the divergent views of economists (relying on measurements) and non economists relying on intuition.
Your answer to this question may relate to GDP growth consistency. Again, I feel this is a blindspot in most theoretical economics. One of Thomas Picketty's controversy bombshells was treating GDP growth and rate-of-return (r>g) as basically constant. Almost all other theories (even Marx) treat these as determined by everything else in the theory. All that doesn't seem consistent with consistency, as patrick points out.
I would have also asked, "what is the successor to the university" since several of these questions could be answered if you had an answer to that. It's a loaded form of a question, but other questions take that form.
How you load questions can be the most important thing. "What's the successor to the scientific paper and the scientific journal?" is loaded in an opposite way to "* How do we help more experimental cities get started?*" I'm not saying questions shouldn't be loaded, just that they should be loaded carefully.
Great read. i will come back for the links.