by
Bob Hughes
111
Ever greater impact, ever less benefit: high-tech capital's mysterious lack of growth
4
terms
0
notes
rebound effect
(en)
in conservation or energy economics: the reduction in expected gains from new technologies that increase the efficiency of resource use, because of behavioral or other systemic responses (aka the Jevons Paradox; named after William Stanley Jevons, who studied the consumption of coal after steam engines were made more efficient in 1865)
111
the 'Jevons Paradox' (often known nowadays as the 'rebound effect') has been observed again and again with every subsequent major technology
notable
7 years, 2 months ago
the 'Jevons Paradox' (often known nowadays as the 'rebound effect') has been observed again and again with every subsequent major technology
notable
7 years, 2 months ago
Kuznets curve
(en)
the hypothesis that as an economy develops, market forces first increase and then decrease economic inequality. The hypothesis was first advanced by economist Simon Kuznets in the 1950s and '60s. Highly contested
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Kuznets hoped that inequality would fall; he originally regarded his theory as 'perhaps 5 per cent empirical information and 95 per cent speculation, some of it possibly tainted by wishful thinking', but it was so enthusiastically received that he shed his doubts and the 'Kuznets Curve' soon gained the status of a natural law.
notable
7 years, 2 months ago
Kuznets hoped that inequality would fall; he originally regarded his theory as 'perhaps 5 per cent empirical information and 95 per cent speculation, some of it possibly tainted by wishful thinking', but it was so enthusiastically received that he shed his doubts and the 'Kuznets Curve' soon gained the status of a natural law.
notable
7 years, 2 months ago
Solow's paradox
(en)
aka the productivity paradox. defined as a perceived "discrepancy between measures of investment in information technology and measures of output at the national level"
117
In 1987, Robert Solow stated that 'we can see the computer age everywhere but in the productivity statistics'. Henceforth, this was known as 'Solow's paradox'.
notable
7 years, 2 months ago
In 1987, Robert Solow stated that 'we can see the computer age everywhere but in the productivity statistics'. Henceforth, this was known as 'Solow's paradox'.
notable
7 years, 2 months ago
obdurate
(en)
(adjective) stubbornly persistent in wrongdoing / (adjective) hardened in feelings / (adjective) resistant to persuasion or softening influences
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The human mind's obdurate tendency to overconfidence becomes a major liability for humanity when the decision-making is delegated to tiny numbers of highly privileged minds.
notable
7 years, 2 months ago
The human mind's obdurate tendency to overconfidence becomes a major liability for humanity when the decision-making is delegated to tiny numbers of highly privileged minds.
notable
7 years, 2 months ago