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the whole point of Dunks was you could go cop them at VIM whenever you wanted for $65. this shit is like having to enter a raffle to buy milk.


like seriously why not make a ton more of them if they're gonna be so sought-after? they land at outlets? so? nike still makes money off that.

the only reason to keep making them so limited is that they KNOW all that matters is the profit on the flip and if they were readily available FEWER people would want them, not more

the whole system is super broken, but it's just gonna go the way it goes, because at this point it all caters to the secondary market. the only reason Nike can sell Jordan 1s for $200 is because the people buying them can flip them for $500

adjusted for inflation, a $65 AJ1 in 1985 is like $160—and modern-day AJ1s are made from cheaper materials in factories staffed by cheaper workers. they don't HAVE to be $200 retail. but the secondary market nuked the whole concept of what sneakers are "worth"
Nice to discover Judea Pearl ask a fundamental question. What's an 'inductive bias'?


I crucial step on the road towards AGI is a richer vocabulary for reasoning about inductive biases.

explores the apparent impedance mismatch between inductive biases and causal reasoning. But isn't the logical thinking required for good causal reasoning also not an inductive bias?

An inductive bias is what C.S. Peirce would call a habit. It is a habit of reasoning. Logical thinking is like a Platonic solid of the many kinds of heuristics that are discovered.

The kind of black and white logic that is found in digital computers is critical to the emergence of today's information economy. This of course is not the same logic that drives the general intelligence that lives in the same economy.
The assertion & question of unity, unifying the country, wondering what the hell the problem is, and why is all this happening is taking center stage. Dramatically.
As is the corollary question being tossed about, "How to heal the Nation?".

There is a #systems principle


that is a powerful insight into these, & related, questions.

"You cannot solve a problem at the same level it was created."

If the problem we were solving for were some detail, 'where to place a road; what $ to allocate to this or that project' sort of thing, then the way to

think about the problem, the impasse, is to appeal first to the functions of prior planning, history - meaning what did we do the last time, maybe pragmatics...Eventually, if the organization (whether business, community, or governance) may make a decision and that becomes the

decision. Often, typically, the decision is some sort of amalgam of the various ideas and 'camps' in the room. Rarely, but sometimes, the decision is made out of pure hierarchy..."What the boss says goes, I don't care what you think..." sort of thing. Largely that is old school

and is not the normal way of conflict resolution. Especially in the context of solving a problem.
But a decision is made, and typically people, and the various factions, come together and get to work in the context of the decision. Sometimes called 'teamwork'.
Excited we finally have a draft of this paper, which attempts to provide a 'unifying theory' of the long economic divergence between the Middle East & Western Europe

As we see it, there are 3 recent theories that hit on important aspects of the divergence...

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One set of theories focus on the legitimating power of Islam (Rubin, @prof_ahmetkuru, Platteau). This gave religious clerics greater power, which pulled political resources away form those encouraging economic development

But these theories leave some questions unanswered...
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Religious legitimacy is only effective if people
care what religious authorities dictate. Given the economic consequences, why do people remain religious, and thereby render religious legitimacy effective? Is religiosity a cause or a consequence of institutional arrangements?

3/

Another set of theories focus on the religious proscriptions of Islam, particular those associated with Islamic law (@timurkuran). These laws were appropriate for the setting they formed but had unforeseeable consequences and failed to change as economic circumstances changed

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There are unaddressed questions here, too

Muslim rulers must have understood that Islamic law carried proscriptions that hampered economic development. Why, then, did they continue to use Islamic institutions (like courts) that promoted inefficiencies?

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