Mark Zuckerberg Interviews Patrick Collison and Tyler Cowen
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Mark Zuckerberg Interviews Patrick Collison and Tyler Cowen
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Re: Mark Zuckerberg Interviews Patrick Collison and Tyler Cowen
#2Re: Mark Zuckerberg Interviews Patrick Collison and Tyler Cowen
#3They discuss the fact that we are seeing linear gains from exponential investment in several fields (healthcare, semiconductors to name a few). This is a fascinating problem.
Re: Mark Zuckerberg Interviews Patrick Collison and Tyler Cowen
#4Re: Mark Zuckerberg Interviews Patrick Collison and Tyler Cowen
#5Re: Mark Zuckerberg Interviews Patrick Collison and Tyler Cowen
#6They discuss the fact that we are seeing linear gains from exponential investment in several fields (healthcare, semiconductors to name a few). This is a fascinating problem.
Some big healthcare cost increases come from increased consumption. It's not just incentives, bureaucracies and inefficiencies that caused cost increases.
Once upon a time we had less medical care to consume, fewer procedures, cancer treatments and other such costly stuff. Medical care costs were mostly clinical, doctors salaries and such. Prenatal care once meant occasional visits to a doctor or nurse. These days, it also means ultrasounds, genetic testing, more blood tests & such. That costs more.
There are just more available treatments to treat patients, especially the already high-cost stuff like cancer treatment, surgery.... These are new things that the medical industry are doing, and cost money. It's at least partly a "we buy more" situation, not just price inflation.
A sociology degree, OTOH, is not different in a than it was in the 1950s. There are nearly no non-efficiency related cost increases in higher-ed. No new, expensive stuff is being used to teach these students. Prices just increased, and most of that got observed into administration.
In terms of ROI at a societal level... Idk if it's usefully measurable, for medicine at least.
There definitely aren't massive, healthcare-related increases I gross life expectancy and such. Does that mean bad ROI? This gets philosophical.
Re: Mark Zuckerberg Interviews Patrick Collison and Tyler Cowen
#7Are those really our biggest priorities right now? Should they be? How many more decades are we supposed to pretend the pie getting bigger will cause all problems to ~magically tricklesolve themselves~, because this there is lots of evidence that this is not happening.
Re: Mark Zuckerberg Interviews Patrick Collison and Tyler Cowen
#8Mark Zuckerberg takes it for granted that the most important things in the universe are productivity growth and the number of people citing your publication and talks about ways we can make these numbers go up more in this podcast. Are those really our biggest priorities right now? Should they be? How many more decades are we supposed to pretend the pie getting bigger will cause all problems to ~ magically tricklesol…
Re: Mark Zuckerberg Interviews Patrick Collison and Tyler Cowen
#9I got confused when Collison said that there was scientific evidence that business productivity increases with improved management practices. That’s the thesis of business schools and management consultants. What’s the new idea here?
1) What’s the difference between “Progress Studies” and economics?
2) When businesses acquire their competitors, does this accelerate or inhibit progress?
Re: Mark Zuckerberg Interviews Patrick Collison and Tyler Cowen
#10Mark Zuckerberg takes it for granted that the most important things in the universe are productivity growth and the number of people citing your publication and talks about ways we can make these numbers go up more in this podcast. Are those really our biggest priorities right now? Should they be? How many more decades are we supposed to pretend the pie getting bigger will cause all problems to ~ magically tricklesol…
Maybe a growing pie is not perfect, but it is greatly preferable to a shrinking one. For a simple example, take a company that looses some contracts and stops growing; you get new conflicts or old ones become critical, ppl start leaving, etc. As long as the pie is growing, it can hide or solve by default many existing problems which would be very difficult or costly to fix otherwise.