- Techno-Optimism in Markets
An oldie but a goldie, A16Z’s Techno-Optimist Manifesto argues for the transformative power of technology, by emphasising how innovation drives economic growth and empowers individuals. It’s a compelling argument for embracing a techno-optimistic perspective, and the bit on markets is especially good.
We believe a market sets wages as a function of the marginal productivity of the worker. Therefore technology – which raises productivity – drives wages up, not down. This is perhaps the most counterintuitive idea in all of economics, but it’s true, and we have 300 years of history that prove it.
-
The Fermi-Pasta-Ulam-Tsingou Problem: Simple Beauty
The Fermi-Pasta-Ulam-Tsingou problem is a cornerstone in the study of nonlinear systems. This article from 3 Quarks Daily explains the beautifully simple yet profoundly complex nature of this mathematical enigma, highlighting its significance in understanding chaos and predictability in physics.
Discover the beauty -
The Curse of Knowledge: Explaining Complexity
Ever felt like you struggle to explain something that is already obvious to you, to someone hearing it for the first time? The ‘Curse of Knowledge’ is a cognitive bias that explains why experts often struggle to convey complex ideas to novices—they forget what it’s like not to know the information. Read more about this cognitive bias