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i think there are a lot of people who would find it very hard to believe that the field of economics could produce this paper. and yet! Acemoglu is like the mainstreamest and most successful economist working today. some priors could use an update. www.nber.org/papers/w35336

Automation and RepressionFounded in 1920, the NBER is a private, non-profit, non-partisan organization dedicated to conducting economic research and to disseminating research findings among academics, public policy makers, an...www.nber.org
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Acemoglu, Johnson and Robinson’s originality lies in bringing political science back into mainstream economics. They analyse political and social conflict through Hobbesian anthropology and game theory: institutions emerge from struggles over power and credible threats.

I think his opinion on this is pretty far from the profession’s mainstream.

All the better to lull you into false consciousness, they say ;-)

Maybe Marx was the first evolutionary game theorist.

I had missed this! Nice to see Daron in his element again

Ответ для Rafe Meager (they/them)

His element being dictatorship and repression? If you meant it as a compliment.... ;)

He should collaborate with Peter Turchin to extend this model to account for the effect of elite oversupply by adding a module that scales the effect based on human capital investment and the strength, sign, and shape of the link between human capital investment and automation.

All good points and also Acemoglu has cautioned about the distributional effects of automation for several years. This takes that caution back to his roots in political economy and I'm a surprisingly Marxian way.

so much for fully automated gay communism