Mind Matters Natural and Artificial Intelligence News and Analysis

CategoryEconomics

businessman-holding-tablet-and-showing-holographic-graphs-and-stock-market-statistics-gain-profits-concept-of-growth-planning-and-business-strategy-display-of-good-economy-form-digital-screen-stockpack-adobe-stock
Businessman holding tablet and showing holographic graphs and stock market statistics gain profits. Concept of growth planning and business strategy. Display of good economy form digital screen.

Retracted Paper Is a Compelling Case for Reform

The credibility of science is being undermined by misuse of the tools created by scientists. Here's an example from an economics paper I was asked to comment on
In my book Distrust (Oxford 2023), I recommend that journals not publish data-driven research without public access to nonconfidential data and methods used. Read More ›
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Magazines

How Data Can Appear in Science Papers — Out of Thin Air!

At Retraction Watch, Gary Smith explains how one author team apparently copy pasted missing data about green innovation in various countries

Recently, Retraction Watch, a site that helps keeps science honest, noted some statistical peculiarities about a paper last September in the Journal of Clean Energy, “Green innovations and patents in OECD countries.” The site was tipped off by a PhD student in economics that “For several countries, observations for some of the variables the study tracked were completely absent.” But that wasn’t the big surprise. The big surprise was when the student wrote to one of the authors: In email correspondence seen by Retraction Watch and a follow-up Zoom call, [Almas] Heshmati told the student he had used Excel’s autofill function to mend the data. He had marked anywhere from two to four observations before or after the missing values Read More ›

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Corporate business people working in busy marketing office space, planning strategy in books and reading email on laptop at work. Businessman, businesswoman and workers at startup advertising company

Full-Time: Why We Need More Creative Productivity, Not Less

A new book shows how we lost the meaning of work and the ways we can get back on track.
Bahnsen subscribes to the classical view of economics that prizes production over consumption. Read More ›
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Money making machine printing fake counterfeit dollar bills. Generative AI.

If Information Is Wealth, Are Deepfakes a Form of Counterfeiting?

The current tech media overdose on panic over deepfakes. They could be drowning out practical ways of fighting back
To whatever extent digital information is a form of wealth, its digital producers must always fight counterfeiters — just as currency issuers must do. Read More ›
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Skull Assorted Poison Bottles

Artists Strike Back!: New Tool “Poisons” Images Pirated by AI

Nightshade, developed by University of Chicago computer science prof Ben Zhao, makes the AI generator keep giving you a cat when you ask for a dog
Overall, Nightshade may prove more useful than lawsuits to artists. It is embedded in pixels, visible only to AI, not to humans. Read More ›
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Asian software developers coding at office with multiple screens. Programmer development concept. Photo generative AI

Industry Pro: No, AI Is NOT Driving the Mass Big Tech Layoffs!

“It may explain the loss of some content generation and customer support positions — but doesn’t explain the layoffs of software developers.”
Semi- but not-fully capable AI systems allow us to be lazy in some respects, but demand that we be less lazy in others. Read More ›
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AI robot sitting at the desk in the office and working on personal computer

Is New AI Driving the Mass Big Tech layoffs?

The jury’s out on whether that’s really what’s happening and, if so, whether it will improve profitability
The Big Tech companies may see replacing workers with AI as only natural. After all, that’s the future their executives were told from childhood to expect. Read More ›
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Concept of propaganda and fake news, TV addiction. Sheepd watching TV in dark room. Politicians manipulate the population.

What Will the New Media Landscape Look Like?

Billionaires have been “scooping up” publishers in recent years but that has not stopped the bleed of red ink
Substack, where journalists curate their own writing for their subscribers, pay-to-play talk radio, and YouTube video subscriptions are the way of the future. Read More ›
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Young business people in office

Business Media Report That 2023 Was a Bad Year for Tech Startups

Running a business is more about mindset than skillset and no technology can make up for fundamentally mistaken ideas about how to run a business. Read More ›
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AI chatbot robot assistant sitting at desk using computer as artificial intelligence. Business concept. AI generated

What AI Will Probably Really Do to White Collar Businesses

The tech media are full of scare stories but we can look at what happened when advanced technology hit blue collar industries as a guide
Let’s not count the humans out too soon. The real question is, are we doing anything that is unique, that could not just be replaced by a machine? Read More ›
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An AI robot sitting alone in a bar, generative ai

AI Will Disrupt Everything — But Forget the Robot Apocalypse!

It will be a slow, steady, measured disruption, like the one the printing press created
Unlike the birth of publishing, we don’t all face outright in-your-face state censorship that prevents the value of the new technologies from being realized. Read More ›
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press and media camera ,video photographer on duty in public new

How Bottom Up Media Now Threaten the Traditional Top Tier

New media resources like subscription-based Substack are rapidly becoming the venue of choice for whistleblowers with stories to break
The rise and fall of intellectual movements may well now depend on their ability to use new media successfully to express their views. Read More ›
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Young freelancer working with laptop at home. Side view of male working on freelance at home office.

How Bottom Up Media Are Slowly Replacing Top Down Media

The decline and death of legacy media organizations is speeding up and the media replacing them are much smaller, more numerous and more independent
A key problem: The legacy media that cling to government and corporate interests in order to survive have so much less use now for freedom of the press. Read More ›
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Traditional building Yap, Micronesia

Can Money Be Pure Information? Merely a Trusted Idea?

A group of pragmatic Pacific Islanders put that concept to the test centuries ago
The giant stone discs of Yap have been compared to bitcoin in that the financial system they represent functions without a central banking authority. Read More ›
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Prison. Prison wall with barbed wire. Law and justice

Martin Luther King Jr. on the Failures of Communism

The great advocate for justice saw, as George Gilder does, why materialism fails us
The materialistic ideology of a totalitarian state, established at the expense of human freedom and dignity, took hold in multiple countries worldwide following WW II. Read More ›
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Frozen Section of Grocery Store

More Gale Pooley and More Population Growth

We're living in a time-price revolution

Countering the prevailing narrative of doom, economist Dr. Gale Pooley shows how the incredible power of learning curves has instead brought about an era of unprecedented abundance. Based on his research into time prices (the money price divided by one’s hourly income), Pooley demonstrates that virtually every commodity is substantially cheaper today than it was decades or centuries ago. We are truly in a time-price revolution. We’ve been sharing a number of lectures from past COSM conferences. This video is just one of many you can find at the Bradley Center’s YouTube page. There you’ll find several lectures, interviews, and panels dealing with issues that range from economics, Big Tech, and artificial intelligence. Notable speakers include 2022 Kyoto Prize winner Read More ›

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Planet earth from space, zoom in to the middle east, Saudi Arabia, world skyline, globe

Why So Blue? Look at the Progress We’ve Made

Even though there are reasons to celebrate, the mainstream narrative hides them

We’ve cited the groundbreaking book Superabundance several times here at Mind Matters, mainly in connection to its co-author, Gale Pooley, a Senior Fellow of the Discovery Institute’s Center on Wealth & Poverty, and a speaker at the 2021 COSM conference, the yearly technology summit that has attracted speakers like Carver Mead, Peter Thiel, and others. Pooley’s co-author, Marian Tupy, who lectured at COSM 2022 on the book, does work on human progress at the Cato Institute, and published a post showing the many ways humanity has benefitted over the last century. He stands opposed to the mainstream approximations of doom that declare our world’s swift-approaching expiration date, writing, The chance of a person dying in a natural catastrophe — earthquake, Read More ›

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Man Presenting to Group of People

New Review of “Life After Capitalism” Amplifies Book’s Core Themes

Returning to the "mind-centered economy" where knowledge is wealth

A new review of George Gilder’s latest book Life After Capitalism from Samuel Gregg highlights the need for the return of the “mind-centered economy,” in which governmental bureaucracies no longer hamper human creativity and imagination. When capitalistic, democratic societies fall for materialistic presuppositions of the world, they end up resembling socialist contexts in which the state is everything and individual men and women are squelched. Gregg writes at the Acton power blog, [Gilder]takes this notion of the free human mind as the decisive factor in driving economic growth and applies it across the board to economic theory, technology, and our understanding of money. Looking at the question of incentives, for example, Gilder points out that they would yield nothing in Read More ›

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Stack of Gold Coin on Black Background.

George Gilder on the Eric Metaxas Show: Wealth is Knowledge

Gilder proclaims loud and clear that human knowledge and innovation are the keys to economic growth

George Gilder, economist, venture capitalist, and author of the new book Life After Capitalism, appeared on the Eric Metaxas Show to discuss his new title and the overarching story of his life. Gilder co-founded Discovery Institute, the parent organization of Mind Matters and the Bradley Center for Natural & Artificial Intelligence, and his 1980 book Wealth & Poverty strongly influenced the economic policy decisions of President Ronald Reagan. In this interview, Gilder speaks with Metaxas about his upbringing, his ascendancy into the public policy sphere, and the philosophy that underpins his life work. Gilder proclaims loud and clear that human knowledge and innovation are the keys to economic growth, and that this points to the fact that the activity of Read More ›