So is Carlyleism right? Aesthetically, Culturally, and institutionally he’s correct. But his economics isn’t – he was amidst a storm of change. And we can’t blame him for it, because while he was visionary, he was a bit early, and lacked our present understanding.
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Source date (UTC): 2023-01-20 16:04:57 UTC
Original post: https://twitter.com/i/web/status/1616466820898213891
Replying to: https://twitter.com/i/web/status/1616466819325497344
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The economic advantage of asymmetry between (a) innovation converting more energy per capita, (b) the profitability of selling that advantage. (c) its capture in Malthusian reproduction (d) reversal or innovation as that consumption (e) the unvirtuous cycle that results.
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Original post: https://x.com/i/web/status/1616466819325497344
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