Wednesday, March 27, 2013
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Daniel Kuehn is a doctoral candidate and adjunct professor in the Economics Department at American University. He has a master's degree in public policy from George Washington University.
For the record, neither my past nor my current self ever understood your point.
ReplyDeleteI know. I think the disagreement was more over what to do with it, right?
DeleteI simply note that there's a lot less long-term thinking about human development as a result of it (as opposed to if we could, say, develop time travel technology). You focused on the point that remedies for that musing can't really create exchanges from one generation to the next for precisely the same reason.
I fully concede that point, and think the answer lies more in musing about this and getting people to increase their intergenerational altruism such that we get marginally better at thinking about very-long-run development of the species.
We could also develop time travel and extensively increase trading opportunities, but I leave that to the engineers.
Is that about right? I don't remember arguing so much about whether the nature of space-time restricts the sorts of trades we can make.
"I fully concede that point, and think the answer lies more in musing about this and getting people to increase their intergenerational altruism such that we get marginally better at thinking about very-long-run development of the species."
DeleteI don't understand this. How do you square it with Keynesianism? Or redistribution?
Surely, the argument of the left is that thinking about the long-term is foolish? That's certainly what Keynes thought.
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