2 points | by paulpauper 2 years ago ago
2 comments
>Automated sprinkler systems and smoke detectors shut down fires fast when they do arise.
aka building code. That's coordination.
Let's take the The Industrial revolution next.
Technology -> Living conditions for working families deteriorated and life expectancy fell.
Technology + coordination (unions) -> life expectancy increased, sustained rise in real income.
People had to coordinate real hard and die (They were shot at) until wages started to raise. Before that the benefits went upstairs.
Technology development is a coordination problem, full stop, and technology merely provides leverage, along with new externalities.
Alex Tabarrok's son. False libertarian framing runs in the family.
>Automated sprinkler systems and smoke detectors shut down fires fast when they do arise.
aka building code. That's coordination.
Let's take the The Industrial revolution next.
Technology -> Living conditions for working families deteriorated and life expectancy fell.
Technology + coordination (unions) -> life expectancy increased, sustained rise in real income.
People had to coordinate real hard and die (They were shot at) until wages started to raise. Before that the benefits went upstairs.
Technology development is a coordination problem, full stop, and technology merely provides leverage, along with new externalities.
Alex Tabarrok's son. False libertarian framing runs in the family.