Sideways comments on On dollars, utility, and crack cocaine - Less Wrong

13 Post author: PhilGoetz 04 April 2009 12:00AM

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

Comments (97)

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

Comment author: Sideways 04 April 2009 06:30:51AM 0 points [-]

Countries that rely heavily on foreign aid risk becoming self-stabilizing systems in which increasing foreign aid to Hypothetistan reduces the incentives for Hypothetistanis to be productive, instead of providing capital they need to act on those incentives. This is by no means a complete explanation--I'm just explaining the analogy between self-stabilizing systems more explicitly.

Comment author: PhilGoetz 04 April 2009 06:56:43AM 0 points [-]

The specs for happiness require it to be self-stabilizing. Poverty can be self-stabilizing, but doesn't have to be.