Wow, the part about Aghion and Howitt's math model of creative destruction really stood out to me. It's so true how innovation creates those 'qualitative jumps'! I see it all the time with how fast AI tech evolvs. Older methods just get replaced. Such a brilliant piece!
Wow, the part about Aghion and Howitt's math model of creative destruction really stood out to me. It's so true how innovation creates those 'qualitative jumps'! I see it all the time with how fast AI tech evolvs. Older methods just get replaced. Such a brilliant piece!