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61.
by fgf 16y ago
>When you say 'textbook definition' you are implying canonical usage, not there exists a textbook that I use that defines this. I know. It seemed like the textbook definition because all the textbooks (and the economics related writing)
62.
by fgf 16y ago
"Innovation is hardly considered in economics at all." Well, you're wrong.* It should, however, be noted that the dominance of this kind of economics may be new to the mainstream. I have only been reading economics textbooks for the last th
63.
by fgf 16y ago
Changes in institutions/networks/interconnectedness etc. as described in the Beinhocker book is innovation according to the economic textbook definition. I have read the summary of his books and he does not seem to contradict the essay. I'd
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by fgf 16y ago
The marginal value of more use of antibiotics is not necessarily constant, if a certain antibiotic can be used a certain number of times before it is ineffective, those "turns" can be used more or less effectively (I propose). These turns p
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by fgf 16y ago
"That's the official line, anyway. The whole issue of who is a citizen, and who has merely been there for years is part of it." It's not a difficult issue at all, you're a citizen if the law says so. No one promised guest workers citizenshi
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by fgf 16y ago
Yes, you're not really arguing against me here (I'm only claiming that the monetary value of some externalities are hard to measure.) For example, the problem of overuse of antibiotics leading to an increase in resistant bacterias, how do y
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by fgf 16y ago
I'm sure they want their cut but I think some of the reason for this might be more pathetic: "“It’s unfortunate because they are a major player in this area, and we are going to continue to have a long, in-depth conversation,” on these topi
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by fgf 16y ago
I'm not at all hostile objectivism, however, you need to realize (I'm sure you do, but some people will assume you don't) that the foundation of capitalism, private property, is a state enforced right. All schemes to have private property e
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by fgf 16y ago
How is the lack of resource curse working out in Yemen and Egypt? (nations fortunate enough to be without oil) They are doing even worse. Arab nations with oil do better than arab nations without oil. I'm only arguing against the notion
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by fgf 16y ago
It would be interesting to see an estimate of how many lives the disappearance of men like him from africa cost. And have you, by the way, been reading mencius moldbug? ( http://unqualified-reservations.blogspot.com/2009/08/from-cr... )
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by fgf 16y ago
the arabs do well, africans don't, who knows what will happen to the afghans?
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by fgf 16y ago
He's not talking about an invasion but of infiltration by saboteurs and spys..
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by fgf 16y ago
If china was to big to stop, so was surely the soviet union. The soviet union had independence from the US, political elites in control who wanted to succeed and the opportunity to try out several "versions" of socialism. If socialism works
74.
by fgf 16y ago
"Likewise, wealthy nations also have vested interests in certain poor nations staying that way." No, they don't. Heard of China? Growth in China? That shit makes capitalists giddy. And when the guys at Goldman Sachs are happy, your politica
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by fgf 16y ago
An ice bath is one of the recommendations Tim Ferris gives in this* post. A summary: 1. Consume 150-250 calories of low-glycemic index foods in small quantities (low glycemic load) prior to bed. 2. Use ice baths to provoke sleep. 3. Eating
76.
by fgf 16y ago
They are neither modern nor recent, you are completely wrong about this. And when people abolish capital markets people have a tendency to starve, see the russian revolution, maos great leap forward and the de-colonization of the third worl
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by fgf 16y ago
Finance is about as old as civilization,* the Babylonians did it. To take an amount of money from someone who does not, at the moment, need it and loaning it to whoever can pay the most for the privilegie (often another middleman in the hug
78.
by fgf 16y ago
"however, we've all got different preferences when it comes to physical attractiveness" "this policy is a bunch of discriminatory, attractiveness-norm-reinforcing" "why are they falling prey to the same arbitrary attractiveness standards as
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by fgf 16y ago
"How much should physical attractiveness play a role in relationships?" It matters as much as nature intended it to. Regardless of what the womyn at Bitchmagazine think about it.
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by fgf 16y ago
Reading someone's prose because they are "such good storytellers" is a bit like introducing your sister to this* guy because he's such a charmer. * http://mysterypua.net/wp-content/uploads/2010/02/mysterypua....
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by fgf 16y ago
For those about to read: It's true, Gladwell gets pwned. If you want feel sophisticated while quoting the tipping point this will not help.
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by fgf 16y ago
I enjoyed the debate between Gladwell and Steven Pinker after Pinker wrote a negative book review. http://www.nytimes.com/2009/11/15/books/review/Pinker-t.html... http://papercuts.blogs.nytimes.com/2009/11/19/malcolm-gladwe...
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by fgf 16y ago
It's astonishing that this got downmodded. Marxists did think that banks and investors did nothing (or, at least, that they did whatever they did badly and should be replaced with an elite of planners.) Pseudo-communist rhetoric (as in rhet
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by fgf 16y ago
It is ok to call a piece of text communist if it contains ideas or opinions that are typically communist. That capital markets in general are unnecessary, (very) ineffective at capital allocation (as opposed to the alternatives) and/or immo
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by fgf 16y ago
In a small company (a startup for example) the boss will know who knows who. To make that kind of information available to the CEO in a big company seems pretty harmless.
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by fgf 16y ago
"Banks and investors make money by doing nothing" this is false. Weeding out bad wanna be founders, for example, is important, difficult and something VCs spend a lot of time doing. If being a VC was so easy they would be paid like janitors
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by fgf 16y ago
I find the glimpse into such a surreally horrible society fascinating (and cool) too. You should read this: http://stuffwhitepeoplelike.com/2008/05/28/101-being-offende... Those who enjoyed this should google "viceland north korea" for a
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by fgf 16y ago
nuclear power could deliver far more energy per year than is used yearly now for thousands of years. Innovation makes energy more useful. When the potential for growth these two cause is exhausted there's scifi stuff; solar power from satel
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by fgf 16y ago
The question was not meant to be a refutation. It is a reference to the dangers of making the perfect the enemy of the good. Problems such as these does not always require (or have) a solution. The kinds of social engineering that may or ma
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by fgf 16y ago
I want to read that. Do tell if it comes back to you.

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