What Economic Growth and Statistical Semantics Tell Us About the Structure of the World

20 Pages Posted: 13 Oct 2020

Date Written: August 24, 2020

Abstract

The metaphysical structure of the world, as opposed to its physical structure, resides in the relationship between our cognitive capacities and the world itself. Because the world itself is “lumpy”, rather than “smooth” (as developed herein, but akin to “simple” vs. complex”), it is learnable and hence livable. Machine learning AI engines, such as GPT-3, are able to approximate the semantic structure of language, to the extent that that structure can be modeled in a high-dimensional space. That structure ultimately depends on the fact that the world is lumpy. It is the lumpiness that is captured in the statistics. Similarly, I argue, the American economy has entered a period of stagnation because the world is lumpy. In such a world good “ideas” become more and more difficult to find. Stagnation then reflects the increasing costs the learning required to develop economically useful ideas.

Keywords: growth, economics, development, statistical semantics, NLP, metaphysics, philosophy stagnation AI, artificial intelligence, machine learning

Suggested Citation

Benzon, William L., What Economic Growth and Statistical Semantics Tell Us About the Structure of the World (August 24, 2020). Available at SSRN: https://ssrn.com/abstract=3680119 or http://dx.doi.org/10.2139/ssrn.3680119

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