Entropy, Compound and Game Theory

20250114 - Monday Hot springs postponed Argumentum ad opulentium Walls of sausages Keynes’s prediction New needs and niceties Social projects The desire for more Perfect or imperfect automation A simple three-factor model Paradoxes of a Malthusian world Up and down on different timescales Excellence Disequilibria Economies of scale Running out of time To the baths Feodor the Fox Outro Technological progress might create new ways of converting money into either quality or quantity of life, ways that don't have the same steeply diminishing returns that we experience today. p9 Not true. The price of those goods and services will drop quickly. For example, cancer-specific drugs. Even the price of best computer chips and satellite launching dropped dramatically in the past 10 years, and will continue for the next 30 years. Land price went up a lot. But that's investment, not consumption. Second, the economy in this full-bore automation scenario would most likely expand explosively, ...