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Pass Fun Main Index => Introduction!!! => Topic started by: Shari7882 on February 01, 2025, 12:13:55 PM



Title: Tech Tycoons have Got the Economics of AI Wrong
Post by: Shari7882 on February 01, 2025, 12:13:55 PM
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Even as economic growth (https://www.no1stcostlist.com/) was simply taking off, some economists were already pessimistic. Coal, wrote William Stanley Jevons in 1865, is "the mainspring of contemporary material civilisation". Yet it was limited and would soon run out. Although more could be discovered by digging (https://tejgujarati.com/) deeper, it would be significantly expensive to extract (https://atelier-kcagnin.de/) and these higher costs would decrease the competitiveness of Britain's manufacturers (https://www.castellocesi.com/). After all, in other countries the black fuel (http://www.mediationfamilialedromeardeche.fr/) was still in sight of daylight. Efficiency gains-using (http://metzgerei-griesshaber.de/) less coal to produce (https://nafaliwielbienia.pl/) the exact same quantity (https://didanitar.com/) of stuff-would (https://longpathmusic.com/) not conserve (https://www.profilosnc.it/) the nation. Indeed, cleverer usage of restricted resources would simply supply an incentive to burn much more coal, which would, paradoxically, cause an even much faster usage of British reserves. There was no escape, the Victorian economist believed. Coal would be exhausted and the nation was likely to "contract to her previous littleness".
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This short article (https://didanitar.com/) appeared in the Finance (http://www.moriadezen.com/) & economics area of the print edition under the headline "Rocked by DeepSeek"


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