Video není dostupné.
Omlouváme se.
The economics of innovation | Paul Romer | Innoscape Talk #2
Komentáře • 11
Další v pořadí
Automatické přehrávání
Paul Krugman: Economics of Innovation, Automation, Safety Nets & UBI | Lex Fridman Podcast #67Lex Fridman
zhlédnutí 182K
Paul Romer & Alain Bertaud Discuss "Order without Design"NYU MARRON INSTITUTE OF URBAN MANAGEMENT
zhlédnutí 7K
Productivity and new technologies | Erik Brynjolfsson | Innoscape Talk #3CIEB Universität Basel
zhlédnutí 969
Věděl si že to FUNGUJE? #ostravskygastrošef #heřmangazdaOstravsky Gastrošef (Heřman Gazda)
zhlédnutí 128K
Double Stacked Pizza @Lionfield @ChefRushalbert_cancook
zhlédnutí 118M
ОБЯЗАТЕЛЬНО СОВЕРШАЙТЕ ДОБРО!❤❤❤Chapitosiki
zhlédnutí 18M
What the 1% Don't Want You to KnowMoyers & Company
zhlédnutí 3,7M
Why UK 🇬🇧 is going Bankrupt? : Detailed Economic Case StudyThink School
zhlédnutí 734K
Innovation in the Swiss pharmaceutical industry | Severin Schwan | Innoscape Talk #1CIEB Universität Basel
zhlédnutí 2,8K
Paul Romer: Why the world needs charter citiesTED
zhlédnutí 161K
Class 1, Part 1: Economic Growth Theory and the Direct Elements in InnovationMIT OpenCourseWare
zhlédnutí 61K
Prize lecture: Paul M. Romer, Prize in Economic Sciences 2018Nobel Prize
zhlédnutí 57K
Economist explains why Britain is poorPoliticsJOE
zhlédnutí 1,3M
Masters of Finance: Paul A. SamuelsonThe American Finance Association
zhlédnutí 112K
Why More Education Is Not Always BetterEconomics Explained
zhlédnutí 816K
ДЕДУШКИН РАССОЛ В СОЛО⚡️КАН АНДРЕЙ⚡️
zhlédnutí 14M
WHY IS THIS SO FUNNY😂Noogi
zhlédnutí 13M
Pineapple Pizza (ft. Lionfield)Nick DiGiovanni
zhlédnutí 8M
Useful gadget for styling hair 🤩💖 #gadgets #hairstyleFLIP FLOP Hacks
zhlédnutí 10M
Finger Heart - Fancy Refill (Inside Out Animation)FASH
zhlédnutí 29M
Llegó al techo 😱Juan De Dios Pantoja
zhlédnutí 60M
Do u want the result? 🤔 Elsa and Nevada #elsarca #tiktokElsa Arca
zhlédnutí 16M
Capital accumulation from profit is the greatest economic charity. FA Harper makes this point brilliantly.
Well, yes i can create the SRT file for the other 30min video
I see a sizeable implicit assumption in his analysis. He is assuming that government institutions don't have self-interest when they have lots of power, fees, and jobs at stake in being the monopoly that can say NO. The government regulatory bodies are often captured by activist groups and utilize "junk science", not real science, to make their policy and then hire consultants to give them the results they want (won't get another contract if you give them a result that says "this is not a problem" -- same game tobacco science).
The private companies want more profits to have more power and money, while the government institutions want bigger budgets, larger staff, and more power. Neither wants real science to interfere, so they won't listen.
The damage created by our regulators can be seen in the development of aquaculture in the last half a century in the US. Notice that almost all the salmon, catfish, cobia, etc., and shrimp you eat are produced in aquaculture facilities and they are all outside the USA. Often just over the border in Mexico and Canada in common water bodies.
Four decades ago the US was on the leading edge of aquaculture technology and aquaculture development, but then the activists and regulators effectively shut down innovation, progress, and industry growth. We have been zero growth rate while the rest of the world increased production by over 12 times in 40 years. Global Aquaculture is now a larger producer than global ocean fisheries at providing seafood and also larger than global beef production at putting meat on the table.
Per unit of meat on the table, aquaculture with cold-blooded animals that don't have to fight gravity is 2 to 3 times more efficient at converting soy, corn, etc. proteins to food than cattle, pigs, and chickens. That means 1/3 less land, water, and CO2 per unit of meat on the plate and that is a big deal with 3 billion more people on the way (mainly people living longer).
The government always was claiming it was helping and funding the research you recommended. In my aquaculture business, I was competing in technology generation with government-supported institutions (non-profits) with 5 times my annual sales in just grants. Over 30 years they had larger systems and better equipment but never got ahead of my technology and innovation. I would start with a new idea and focus on proving the idea nonsense and killing it early and only following up on what got through my filters. My government competitors would take an idea and do a complete research plan then get a grant with every step pre-specified and after 2 to 4 years try another idea if some outside wiseass proves the results they obtained were a result of their experimental design with nothing that is generalizable to different situations.
Now he says that profit is a harmful to society. Nuts! He needs to read Human Action by Ludwig von Mises to learn that all humans are motivated by their desire to profit.
Romer proposes splitting up companies like Facebook and Instagram. Why doesn’t he propose splitting up Washington DC in the small components scattered across the country? The reason not is that he is beloved by the statists and globalist and would never seriously challenge their monopoly power. So many of his proposals are suggesting greater government interference in the marketplace.
how can u split the federal government?
Romer keeps talking about what we should allow and not allow which means the force of government. He is another statist who wants to control too much of the economy.
Romer suffers from Hayak’s thesis in his book Fatal Conceit
Romer is the least deserving of a Nobel prize in economics of any man in recent history.
His work has added nothing to the well-being of mankind.
Hayek talks about the arrogance of people like Romer and government bureaucrats who claim to know better for mankind what the rest of us know. Imagine a pseudo intellectual like him telling the rest of us what to shut down and what not to shut down.