Showing posts with label Luddite Fallacy. Show all posts
Showing posts with label Luddite Fallacy. Show all posts

Tuesday, August 21, 2012

Steve Roth _ The Luddite Fallacy Fallacy

I think the Luddite Fallacy argument ignores two things:
1. The limits to human capabilities. By definition, 50% of people have an IQ below 100.
2.The declining marginal utility of innovation and consumption.
Asymptosis
The Luddite Fallacy Fallacy
Steve Roth