Friedman, David D.
<p>Jan 18, 2010 10:45 AM  DAVID FRIEDMAN
 
anarcho-capitalist  Santa Clara University.
the wiki article does not do him justice .. he is brilliant.
 
SUBSTITUTES and COMPLEMENTS  (key concept in economics)
does one product substit for another (zero sum game) or complement  (makes pie bigger)
is AI a substitute for human or a COMPLEMENT to humans.
 
 
<b>David Friedman, </b>PhD  Prof at Santa Clara Univ  www.davidfriedman.com was
absolutely memorable... the BEST SPEAKER.  Son of Milton Friedman.
Clear, smart as a whip.  No powerpoint, almost no notes;
loves <b>David Ricardo </b> (as does  Robin Hanson);  Big Q: how does the FIXED COST
of designing nanotech get paid for.... same issue as with Intel prop.  like a book or
a car or a bldg... how to pay for the design?
 
Sequential monopolies:  Visicalc then Lotus then Excel... each time dominant product gets
replaced.
 
Napster/ iPOD  was death of music cd companies...  how to make money?
 
Dongle checks that u paid for download.
 
Get into a nanocar and it plays ADs that u cannot turn off!!!
18th centuty patronage system  praise the patron in the work;  
eg  cost of Freitus's  rbc respirocytes could be borne by Apple Computer  "as our gift to humanity"
Econ of AI:
There are two kinds of AI:  weak ... unconsc,  simulated AI  like narrow AI...
unplug it at will;  its just a tool;  it
complements human;  it feels nothing;  no morality;  seel it.
 
(we ship WHEAT to Asia... they ship us Hondas:  like a nanotech factory)
 
According to Ricardo what's important is the comparative cost for machines vs humans.
 
In classical economics... 3 key inputs were  labor, capital, and land.
(Friedman says  good  Virt Reality will dcr need for land... have beautiful beach in VR on TV).
*
Effect of  automation...
1)  Automation eliminated FARMERS  (they used to be almost everyone's occupation)
2)  2nd biggest job was having babies and caring for them ...  also eliminated ...
women out of house.
Two biggest jobs have been eliminated.
 
Second type of AI;    AI ARE PROPLE  (really strong AI)
Malthus said  people like sex and kids are a by-product.
Want workers to have expensive tastes;    (iron law of wages)
Note human clones are really not clones ... only the body is cloned not the mind.
AI's can REALLY be cloned... both body and mind.
Legal rights of AI's ...  it's a slave ... can torture it
AI belongs to itself;  its clones belong to it  (or could also belong to themselves).
Friedman  "If Moore's Law keeps going ... We're gerbils!!"
 
 
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