But how do we estimate the EV of estimating the EV of general intellectual progress?
On a less facetious note, it’s about the average effect of intellectual progress on innovation right? What EV comes from general intellectual progress that is not a result of innovation?
So you try to causally estimate the effect of innovation on things you value (e.g. GDP), and you try to create measures of general intellectual progress to see how those causally impact innovation. That’s obviously easier said than done.
But how do we estimate the EV of estimating the EV of general intellectual progress?
On a less facetious note, it’s about the average effect of intellectual progress on innovation right? What EV comes from general intellectual progress that is not a result of innovation?
So you try to causally estimate the effect of innovation on things you value (e.g. GDP), and you try to create measures of general intellectual progress to see how those causally impact innovation. That’s obviously easier said than done.