nit: Christiano operationalised ‘slow takeoff’ via ‘world product’, not GDP. I’m not sure exactly what he meant by that (or if he had a more concrete operationalisation), but it does strike me as wise to not anchor to GDP which is awfully fraught and misleadingly conservative.
nit: Christiano operationalised ‘slow takeoff’ via ‘world product’, not GDP. I’m not sure exactly what he meant by that (or if he had a more concrete operationalisation), but it does strike me as wise to not anchor to GDP which is awfully fraught and misleadingly conservative.
ETA: fake news! I checked and while he starts talking about ‘output’, he later seems to operationalise it as GDP specifically