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Marginal Revolution

Marginal Revolution

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Economics blog by Tyler Cowen and Alex Tabarrok covering economics, culture, and ideas.

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Artigos

Discussões de Marginal Revolution

Economia

The Federal Lands: An Economic Property Rights Perspective

The US federal government owns and administers 472,892,659 acres or 21% of the land area of the lower 48 states, the country’s largest landowner. The resource is held and managed as a collective resource, the Federal Lands, through political and bureaucratic interpretation of the Multiple Use principle and generally, the biological aim of maximum sustained-yield. […] The post The Federal Lands: An Economic Property Rights Perspective appeared first on Marginal REVOLUTION. Related StoriesGood ...

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Economia

Good points from James Gilliland

It pains me to say this, but if we actually “get AGI,” the resulting boom in industrial capacity from robotics and massive society-wide wealth creation will look like a total vindication of neoliberalism. The discourse about financialization and offshoring being a generational mistake may be replaced by a very different historical interpretation: that the late […] The post Good points from James Gilliland appeared first on Marginal REVOLUTION. CommentsIn reply to Dismalist. Are you saying Tes...

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Geopolítica

A doomsday scenario for American AI

That is the title of my latest Free Press column, here is the closing bit: Sick and elderly Americans will go to Chinese companies for their AI-invented and AI-tested medical devices and drugs. America still will be a wealthy country, so China will charge the highest prices possible, yet prioritize Chinese citizens for treatment. Large […] The post A doomsday scenario for American AI appeared first on Marginal REVOLUTION. CommentsExcept for when there is an immediate pandemic, I find the . by...

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Tecnologia

Earth fact of the day

An average of 72 percent of respondents said they felt curious, happy or excited about A.I., compared with 41 percent who felt worried, sad or angry.’@nytimes‘s Damien Cave uses @Gallup data to remind us the rest of the world digs AI. It is 93 percent positive from China. That is from Nick Gillespie. Snap out of it […] The post Earth fact of the day appeared first on Marginal REVOLUTION. CommentsI am not an AI doomer, but I am baffled by the PR strategy of . by Community College ProfYoung peo...

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Tecnologia

Peter Thiel on AI and tech stagnation and democracy

Lots of fresh material, one of the very best Peter Thiel outputs. The post Peter Thiel on AI and tech stagnation and democracy appeared first on Marginal REVOLUTION. CommentsPeter Thiel says that Sauron and his orcs were the good guys. by AlAnyone gotta link to a summary? Maybe an AI one? And is anyone . by Summary please?Will someone give us the tl;dr and reveal who his current pick . by GardelMore output from machine man to save us all. Can we replace . by DiogenesIn reply to MikeD. Wheneve...

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Tecnologia

Optimal liability for offensive and defensive AI

How much liability should AI providers bear when their services enable both attack and defence? Liability can improve welfare while increasing harm. Providers sell a common input to productive users, attackers and defenders. Within a defended contest, a higher common price reduces effort without changing attack success or attacker profits, saving resources and improving the […] The post Optimal liability for offensive and defensive AI appeared first on Marginal REVOLUTION. CommentsThere are m...

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Tecnologia

From the Master of Industrial Organization

Believing that AI will be incorrigible leads us to proposing the wrong solutions, including ones which are likely to increase the danger than decrease it. I think that an AI pause is using the wrong method to fix an ill-posed problem. The point of a pause would be to research AI until we have a […] The post From the Master of Industrial Organization appeared first on Marginal REVOLUTION. CommentsThis very much seems like a straw man. What the labs and others . by Okie dokieIn reply to Wayfari...

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Economia

My economics-rich Conversation with Gita Gopinath

Here is the audio, video, and transcript. Here is the episode summary: Gita Gopinath has spent the last several years inside the room where the world’s monetary plumbing gets fixed — or doesn’t. As first deputy managing director of the IMF and, before that, the Fund’s chief economist, she worked on sovereign debt restructuring, followed […] The post My economics-rich Conversation with Gita Gopinath appeared first on Marginal REVOLUTION. Related StoriesUK productivity higher than we had though...

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Economia

The economics of late grandmotherhood

We show how fertility delays compound across generations to raise age at first grandmotherhood. Under the 1960 first-birth schedule median grandmotherhood came at 44. Under the 2024 schedule it is 57, cutting the healthy years with grandchildren from 28 to 15. Longer life does not make up the loss of years when the grandmother is […] The post The economics of late grandmotherhood appeared first on Marginal REVOLUTION. CommentsIn reply to Dismalist. Quite possibly. Yet people spend good . by S...

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Economia

Further results on AI and labor market reallocation

This paper documents how artificial intelligence has affected stocks and flows in the U.S. labor market. Combining CPS and JOLTS data with AI exposure and adoption measures from OpenAI and Lightcast, respectively, we construct labor force stocks, worker flows, and market tightness by AI exposure and adoption. Since the introduction of LLMs, workers with high […] The post Further results on AI and labor market reallocation appeared first on Marginal REVOLUTION. CommentsIn reply to Brent Buckne...

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Tecnologia

Banning self-recursive improvement in AI models?

Some people are suggesting this, including Ezra Klein. I do not understand how it is supposed to work. Put aside the issue of foregone innovations, let us say I seek to access an AI from overseas. Am I allowed to visit their website? So many sites have AI behind them, including Chinese open source AI. […] The post Banning self-recursive improvement in AI models? appeared first on Marginal REVOLUTION. Related StoriesObama on agentic AIFurther results on AI and labor market reallocationMuse

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Educação

The polity that is Singapore

…this month, Singapore launched a scheme promising actual cash to citizens as a reward for logging reading time on a government website. It’s unlikely to make you megabucks – you have to rack up 50 reading sessions of at least 15 minutes to earn one Singapore dollar (£0.59), with only one logged session allowed per day. But behavioural […] The post The polity that is Singapore appeared first on Marginal REVOLUTION. CommentsMay they succeed! by RationalSingapore is paying people to read books ...

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