Software eating the world is a story of the seen and the unseen: small, measurable effects that seem underwhelming or even negative, and large invisible and positive effects that are easy to miss, unless you know where to look.
This has happened before of course: money and written language both transformed the world in similarly profound ways. Software, however, is more flexible and powerful than either.
Am looking forward to more.
Man glaubte, dass durch das gemeinsame Geld auf der europäischen Ebene wirtschaftspolitische Handlungsspielräume zurückerobert werden können, die der Nationalstaat längst verloren hat.
Die traurige Wahrheit dieser Tage ist, dass das ebenfalls hoch verschuldete und ebenfalls nicht gerade vorbildlich regierte Ungarn gut durch die Krise gekommen ist, während Griechenland in der Depression versank.
On va voir, I guess.
Economics in the real world is hard
[…] Less-fancy economists with less-fancy jobs need to spend more time working with the murky and often annoying process of actually assembling economic data.
Behavioural economics has some similarities to the state of astronomy in 1500 – it is still at the collection of deviation stage. There aren’t 165 human biases. There are 165 deviations from the wrong model.
My personal view is that the recognition heuristic works particularly poorly when it comes to beer.
Was auch immer man über die Schuldenbremse denken mag, Holtfrerich hält es zumindest für verfehlt, ein Schuldenverbot in die Verfassung eines Zentralstaats zu schreiben.
Same. Credible commitment gone too far.
In fact, late-19th century Americans knew much more about the world than we, in our self-satisfied ignorance, give them credit for. Most Americans regularly read newspapers and books, and many of them attended public lectures with an enthusiasm we do not share.
I’m not sure if that’s the case, but maybe people were more cultivated than they are now? Really interesting article.
In short, today’s typical women’s work is what will predominate in future. On a mass scale, this pattern may result in an involuntary shift in the division of labor, with husbands tending to household duties after dropping their wives off at the office.