Damien Smith
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indysmith.bsky.social
Damien Smith
@indysmith.bsky.social
Deputy Director of Research (Economics) at the ESRC. Loves cities. Views own.
Reposted by Damien Smith
This is more easily executable with a three-wish genie, but it's good to be prepared for all circumstances.

COMIC ◆ www.smbc-comics.com/comic/fish-3
PATREON ◆ www.patreon.com/ZachWeinersm...
STORE ◆ smbc-store.myshopify.com
November 8, 2025 at 11:30 PM
Reposted by Damien Smith
Not to go all Robert Gordon but the potential benefits as a % of GDP are also much smaller. Going from no internet to internet is a much bigger bang for your buck than going from internet to AI
The bullish view on #AI ...
October 31, 2025 at 8:23 PM
Reposted by Damien Smith
This is a good blog post (which people should read) and I attach some random musings about how we got to this point in the thread below. Housing cost problem is a wholesale regulatory failure.
So, I think this piece is helpful in explaining why the inter-generational resource distribution discussion tends to involve people talking past each other. But gonna spend a second on the housing question open.substack.com/pub/martinro...
WASPInomics and the magic avocado tree
Why boomers struggle to make sense of the millennial world.
open.substack.com
July 30, 2025 at 1:47 PM
Reposted by Damien Smith
I decided to make a long blog post combining general sociological things I am aware of with personal observations of cultural and lifestyle differences between the UK and USA.

sootyempiric.blogspot.com/2025/07/comp...
Comparisons Between Life in the UK and the USA
For most of my life I have lived in the UK, but for six years I lived in the United States of America. Somewhat erratic and unpleasant polit...
sootyempiric.blogspot.com
July 19, 2025 at 9:50 AM
Reposted by Damien Smith
OK, some more considered thoughts on the Industrial Strategy published on Monday and my comment on it.

The first, inescapable point to make about this thing is that it is *huge*. Not "Bidenomics" huge, which translated to £ would have meant £100bns. But in detail 1/

www.gov.uk/government/p...
June 26, 2025 at 5:40 PM
Reposted by Damien Smith
The real AI arms race is between one another 🥰 nymag.com/intelligence...
June 26, 2025 at 4:47 PM
In Venice. I know vaporettos are just water buses but why do they not *feel* like buses no matter how much you use them?
June 2, 2025 at 12:06 PM
Reposted by Damien Smith
That’s what comes to mind when I read articles about AI soon replacing white collar jobs. We could jumpstart productivity and reduce errors by replacing outdated software with something reasonable. But leaders are swayed by promises of an AI-solution that doesn’t exist and isn’t in development.
May 31, 2025 at 1:21 PM
Reposted by Damien Smith
The last fifteen years of social media have persuaded too many people that having opinions on everything is both necessary and rewarding.

Let me assure you it is absolutely neither of those things.
May 27, 2025 at 6:24 AM
Reposted by Damien Smith
An important life skill to develop is the ability to not have an opinion on a thing.

This is because there are many things which it is not necessary for you to have an opinion on.

A related skill is recognizing that the list of things on which an opinion is required is different for everyone.
May 27, 2025 at 6:20 AM
Same, tbh.
I want to live in less interesting times.
May 6, 2025 at 8:41 PM
Reposted by Damien Smith
The damage that half-remembered Schumpeterian “creative destruction” has wrought on mental models of economic change is profound. It’s basically been forced backwards in people’s heads to “destructive creation”. You don’t need to break stuff to encourage progress.
April 30, 2025 at 10:14 AM
Reposted by Damien Smith
www.niskanencenter.org/the-nimbys-a...

"Although most proposals for planning reform are aimed at reducing opportunities for judicial review, or removing grounds for objections to be made, at present the success rate for proposals is actually very high"

Always thought provoking
The NIMBYs aren’t who you think - Niskanen Center
The USA, UK, Australia, and Canada all seem to have similar problems with infrastructure procurement. Why is this?
www.niskanencenter.org
March 26, 2025 at 6:38 PM
Reposted by Damien Smith
"How could you expect AI to 'be able to do whatever a human being might wish to do' when the vast majority of things human beings wish to do..only exist to the extent that they satisfy a desire—not to solve a problem, but simply to have an emotional experience?" www.the-hinternet.com/p/agi-is-imp...
“AGI” Is Impossible
Either That or Defining It Is Entirely Arbitrary
www.the-hinternet.com
March 24, 2025 at 7:27 PM
Reposted by Damien Smith
I WANT TO BELIEVE IN ABUNDANCE

I wrote my review of the new book, what I liked, what political opportunities it presents, and where I was left unsatisfied.

Here are some sections, and you can read the whole thing here.

www.bloomberg.com/news/newslet...
March 24, 2025 at 4:51 PM
Reposted by Damien Smith
JanGan at his best here on UK economic growth, which nobody with clout in Britain is actually willing to trade their pet project for.

"There is always another consideration that takes precedence, whether geopolitical, ecological, cultural or egalitarian."
www.ft.com/content/8178...
Britain should stop pretending it wants more economic growth
Almost everyone in politics has something they prioritise over it
www.ft.com
January 15, 2025 at 5:21 PM
Reposted by Damien Smith
In economics, editors, referees, and authors often behave as if a published paper should reflect some kind of authoritative consensus.

As a result, valuable debate happens in secret, and the resulting paper is an opaque compromise with anonymous co-authors called referees.

1/
December 24, 2024 at 2:44 PM
As many people here are pretty new here is another aspect of the pretty early Internet feel of Bluesky - that it's not doing much local compliance yet. This will change once it starts to make money.
December 1, 2024 at 2:35 PM