{"id":5352,"date":"2023-12-05T14:20:19","date_gmt":"2023-12-05T14:20:19","guid":{"rendered":"https:\/\/www.novonon.com\/blog\/?p=5352"},"modified":"2023-12-05T14:20:27","modified_gmt":"2023-12-05T14:20:27","slug":"overcoming-baumol","status":"publish","type":"post","link":"https:\/\/www.novonon.com\/blog\/2023\/12\/05\/overcoming-baumol\/","title":{"rendered":"Overcoming Baumol"},"content":{"rendered":"\n<p>Interesting economic point, but mostly I just love the idea of claistered monks using advanced technology to build gothic cathedrals. Click through to the original post to see (extremely brief) video of what they&#8217;re working on.<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>One way to overcome the\u00a0<a href=\"https:\/\/www.mercatus.org\/students\/research\/books\/why-are-prices-so-damn-high\">Baumol effect<\/a>\u00a0is to replace labor with capital. AI and robots are making that possible. Here\u2019s a clip of the Carmelite Monks of Wyoming who are building a monastery in the Gothic style using\u00a0<a href=\"https:\/\/carmelitegothic.com\/cnc-stone-carving\/\">CNC machines<\/a>:<\/p>\n<\/blockquote>\n\n\n\n<p><a href=\"https:\/\/marginalrevolution.com\/marginalrevolution\/2023\/12\/overcoming-baumol.html\">https:\/\/marginalrevolution.com\/marginalrevolution\/2023\/12\/overcoming-baumol.html<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Interesting economic point, but mostly I just love the idea of claistered monks using advanced technology to build gothic cathedrals. Click through to the original post to see (extremely brief) video of what they&#8217;re working on. One way to overcome the\u00a0Baumol effect\u00a0is to replace labor with capital. AI and robots are making that possible. Here\u2019s [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false},"version":2}},"categories":[1],"tags":[],"class_list":["post-5352","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p3pfIY-1ok","jetpack_sharing_enabled":true,"jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.novonon.com\/blog\/wp-json\/wp\/v2\/posts\/5352","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.novonon.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.novonon.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.novonon.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.novonon.com\/blog\/wp-json\/wp\/v2\/comments?post=5352"}],"version-history":[{"count":1,"href":"https:\/\/www.novonon.com\/blog\/wp-json\/wp\/v2\/posts\/5352\/revisions"}],"predecessor-version":[{"id":5353,"href":"https:\/\/www.novonon.com\/blog\/wp-json\/wp\/v2\/posts\/5352\/revisions\/5353"}],"wp:attachment":[{"href":"https:\/\/www.novonon.com\/blog\/wp-json\/wp\/v2\/media?parent=5352"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.novonon.com\/blog\/wp-json\/wp\/v2\/categories?post=5352"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.novonon.com\/blog\/wp-json\/wp\/v2\/tags?post=5352"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}