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13 September

Tyler CowenKorrents 13 Sept

From one piece A simple model of AI-aided economic growth 2 beliefs · marginalrevolution.com

korrents.com
Commandeering the Intelligence sector would give more limited power over society than it appears, because necessary complements are lacking.

Their words

In this model, if someone or something could “commandeer” the Intelligence sector, their power over society would be much more limited than it might appear at first. The world does not change that much at first, because the necessary complements are lacking.

A simple model of AI-aided economic growthmarginalrevolution.com
korrents.com
Intelligence and Polanyi knowledge are mostly complements with fairly limited substitutability in producing output.

Their words

In the model, intelligence and Polanyi knowledge combine to produce output. Substitutability is fairly limited. For instance, if you have problems of norms in your office, a mere dose of AI-drenched technocratic knowledge does not usually solve those problems. Sometimes it even can make those problems worse, by empowering rent-seekers further. Intelligence and Polanyi knowledge are not quite Leontief complements, but they are mostly complements.

A simple model of AI-aided economic growthmarginalrevolution.com

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13 September