Cesar Chavez

The most important lesson in all economics is this one:

Coming back to Hayek’s argument, there was another aspect of it that has always bothered me. What if computational power of central planners improved tremendously? Would Hayek then be happy with central planning?

When Copernicus proposed heliocentrism in 1543, it was actually less accurate than Ptolemy's geocentric model - a system refined over 1,400 years with epicycles precisely tuned to match observed planetary positions. It took another 70 years before Kepler, working from Tycho Brahe's unprecedentedly precise observations, replaced Copernicus’s circles with ellipses - finally making heliocentrism empirically superior. Terence Tao's point is that science needs a high temperature setting. If we only fund and follow what's most state of the art today, we kill the ideas that might need decades of work to surpass some overall plateau.

Academics seem to believe in the labor theory of value when it comes to AI. The question is whether the work is any good.

I want to pursue a PhD in economics or at a business school in North America, but unfortunately, in this caste-like ranking system, I'm placed at the level of Shudra or Dalit. If my parents could afford to pay $80,000 a year in tuition plus tens of thousands more for living expenses to get me into a top-tier undergraduate program in the US, I might have had a chance to study at an excellent American university. But if you don't have that, you're essentially branded with original sin. By the way, the career outcomes for undergraduate students at the University of Minnesota are much stronger than those fromJapan and China's top economics programs.

Muchos ya lo olvidaron pero tras los rumores de fraude en 2021, un grupo de científicos y académicos peruanos de varias de las mejores universidades del mundo se pronunciaron para aclarar que solo hubo dos estudios serios que analizaron si hubo fraude. Y ambos concluyeron que no.