Dennis Crowley: Foursquare Co-Founder on Entrepreneurship
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We live in the age of the refugee, the age of the exile.
Philosophy is not an anaesthetic, like it's just going to make the pain go away. But there is great solace in really understanding why chronic pain is difficult. Understanding those things can be consoling in itself, in part because it overcomes the isolation of illness.
The human mind, once the pinnacle of intelligence, is now overshadowed by computational intelligence in many domains. Algorithms understand and can guide me better than I can guide myself. The real game-changer is data. I'm willing to yield control to an algorithm that proves to be superior.
The representative agent model (and its descendants) imposed a straightjacket that made it difficult to think clearly about what was going on [in the economy]… To me [Stiglitz], the strangest aspect of modern macroeconomics was that the central banks were using a model in which banks and financial markets played no role.
Humanity has the arrogance to believe that our intelligence is the only form of intelligence. Of course, we're arrogant enough to believe that we are the most intelligent being on the planet. We don't really know what intelligence is.
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