http://www.cato-unbound.org/2006/06/06/robin-hanson/reality-and-fantasy-in-economic-revolutions/ Big Ideas for a Better World Wed, 10 Mar 2010 03:24:11 +0000 http://wordpress.org/?v=2.9 hourly 1 http://www.cato-unbound.org/2006/06/06/robin-hanson/reality-and-fantasy-in-economic-revolutions/comment-page-1/#comment-344446 John Galt and the Billion Tweaks Fri, 06 Mar 2009 21:46:19 +0000 http://www.cato-unbound.org/2006/06/06/robin-hanson/reality-and-fantasy-in-economic-revolutions/#comment-344446 [...] A couple sentences from Robin Hanson for your consideration: Small differences in growth rates eventually overwhelm most other considerations, so the clustering and innovation externalities that create growth differences deserve far more public attention. Unfortunately most people yawn at growth theory; they prefer stories about conflict, status, moral fiber, heroes, and epic changes. [...] [...] A couple sentences from Robin Hanson for your consideration: Small differences in growth rates eventually overwhelm most other considerations, so the clustering and innovation externalities that create growth differences deserve far more public attention. Unfortunately most people yawn at growth theory; they prefer stories about conflict, status, moral fiber, heroes, and epic changes. [...]

]]> http://www.cato-unbound.org/2006/06/06/robin-hanson/reality-and-fantasy-in-economic-revolutions/comment-page-1/#comment-1751 Ipso Facto » Blog Archive » The Coming (or Continued?) Hegemony of Sophisticates Wed, 21 Jun 2006 14:56:34 +0000 http://www.cato-unbound.org/2006/06/06/robin-hanson/reality-and-fantasy-in-economic-revolutions/#comment-1751 [...] Florida’s harshest critic is George Mason University professor Robin Hanson, who says that economic growth is not driven so much by latte-swirling, Prius-driving sophisticos in New Economy tech enterprises, but by tiny improvements made at the “grunt work” level of production. The true structure of technologic revolutions, Hanson says, is not that of massive paradigm shifts precipitated by Florida’s lauded bohemians, but is rather the accretion resulting from ordinary, mundane discoveries of small improvements—unsung and unsexy. [...] [...] Florida’s harshest critic is George Mason University professor Robin Hanson, who says that economic growth is not driven so much by latte-swirling, Prius-driving sophisticos in New Economy tech enterprises, but by tiny improvements made at the “grunt work” level of production. The true structure of technologic revolutions, Hanson says, is not that of massive paradigm shifts precipitated by Florida’s lauded bohemians, but is rather the accretion resulting from ordinary, mundane discoveries of small improvements—unsung and unsexy. [...]

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