a good reminder that all innovation is initially resisted
anyone who prioritizes the wellbeing of the “future of humanity” in the abstract over the dignity and care of individuals in the present cannot claim that they truly care about people
Governments sporadically got things spectacularly wrong. In 1865, the rail and horse-drawn carriage lobbies in the U.K. drummed up enough outrage to pass the Locomotive Act, whose most notable feature was an absurd requirement that a man walk in front of any self-propelled vehicle waving a red flag and blowing a horn. It stunted the U.K. automobile... See more
(1) New Working Paper: the fundamental driver of growth in modern economies, Total Factor Productivity (TFP), is linear, not exponential.
This is a paper I did not expect to write...