The hottest Technological Change Substack posts right now

Prosperity has significantly increased in the past 250 years compared to historical wealth.
Research on economic history shows multiple factors contributing to substantial economic growth.
Culture, ideas, and knowledge sharing play crucial roles in driving progress and innovation.

Oozification, a process driving technological evolution, is making the future less certain and more complex.
Swamps represent evolutionary vigor and the potential for radical change, showcasing the dual nature of stability and destabilization.
All technology undergoes oozification, transforming into more elemental building blocks and increasing evolutionary potential.

Regulation based on cost recovery stifles innovation by not focusing on value creation
Traditional economic regulation in the electricity industry is static and not adaptive to dynamic environments
Regulatory institutions need to evolve towards promoting competition and consumer information for innovation and value creation

Good strategy has three essential components: diagnosis, guiding policy, and coherent action.
Rising fixed costs, regulatory change, and predictable biases in forecasting impact businesses with AI.
AI enhances prediction speed, obsolesces slow thinking, retrieves personal connections, and might reverse into contradiction.

The work of economists Bill Nordhaus and Paul Romer in integrating innovation and climate with economic growth has played a significant role in breaking down barriers and pushing for policy action.
Nordhaus's approach helped quantify the costs of climate change mitigation, showing that the costs were manageable and shifting the debate from denial to action.
Romer's endogenous growth theory emphasized the importance of science and innovation in driving economic growth, highlighting the need for systems to promote research and development.

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