Austrian economics and AI scaling

For these Austrian and Austrian-related thinkers, knowledge is about how different parts of a system fit together, rather than being a homegeneous metric easily expressed on a linear scale.  There is no legible way to assess the smarts of any single unit in the system, taken on its own. Furthermore, there are many “walls,” meaning knowledge is bumpy and lumpy under the best of circumstances.  It thus makes little sense to assert that an entity is “3x smarter” than before.  In my early 20s I received a second “dose” of related ideas through complexity theory and non-linear dynamics, some of those frameworks having Hayekian roots.
— Read on marginalrevolution.com/marginalrevolution/2024/11/austrian-economics-and-ai-scaling.html


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