michaelkeenan comments on Hayekian Prediction Markets? - Less Wrong

9 Post author: David_J_Balan 15 February 2010 11:50PM

You are viewing a comment permalink. View the original post to see all comments and the full post content.

Comments (79)

You are viewing a single comment's thread. Show more comments above.

Comment author: taw 17 February 2010 01:29:23PM 1 point [-]

Theories that Soviet growth was fake are nonsense. If you don't trust GDP you can look at hard to fake proxies like life expectancy.

  • 1917 Russia - 29 years (last full year before the war)
  • 1953 Russia - 65 years (at time of death of Stalin)

For comparison, during the same time life expectancy in Capitalist Mexico (closest dot on 1913 gapminder chart) grew only from 30 to 52.

Comment author: michaelkeenan 18 February 2010 09:15:07PM 5 points [-]

I think you need to think in more categories than just capitalist and communist.