chenyu wang
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on the atlas · 11
- Books I've been reading5 savers
- Reflections from Kunming, an unglobalized part of the world3 savers
- Amazon.com : bad people card game1 savers
- Amazon.com : bad people1 savers
- P2005844369 | SAP Certification1 savers
- SAP Universal ID Account Manager1 savers
- sweet summer child - by Anson Yu2 savers
- How to Do Great Work51 savers
- What Gets Expensive, and Why?. When hopes exceed results | by Arnold Kling | Medium4 savers
- Style is consistent constraint — Steph Ango4 savers
- Advice · Patrick Collison69 savers
highlights · 5
The Baumol Effect As the years go by, the stuff that gets more expensive is the stuff where your demand goes up faster than your productivity. The stuff that gets cheaper is the stuff where your productivity goes up faster than demand. But for everything that gets cheaper, something else has to get relatively more expensive. If efficiency shoots up in one sector, then in relative terms it has to decline elsewhere. Economist William Baumol called attention to this.
What Gets Expensive, and Why?. When hopes exceed results | by Arnold Kling | MediumOur spending on health care and education is driven by hope.
What Gets Expensive, and Why?. When hopes exceed results | by Arnold Kling | MediumYour mind should be flexible, but your process should be repeatable.
Style is consistent constraint — Steph AngoMake things. Operating in a space with a lot of uncertainty is a very different experience to learning something.
Advice · Patrick Collison“The people who actually solve hard problems are people who believe in secrets. If you believe something is hard, you might still think you can do it. You’ll try things, and maybe you’ll succeed. But if you think something is impossible, you won’t even try.”
Reflections from Kunming, an unglobalized part of the world