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The Spatial Market Process

My chum David Emanuel Andersson has just had this edited collection published. Here is an excerpt from his intro: In what is perhaps the best-known article in the history of the Austrian school, Friedrich Hayek (1945) asserts that market prices distill and thus reflect the unique local knowledge of a multitude of individuals, each of whom…

Morals and markets

Sandel plugging his latest. The journalist’s quote below has much resonance to me. Even to a toddler’s mind, the logic of the transaction was evidently clear – if he had to be bribed, then the potty couldn’t be a good idea – and within a week he had grown so suspicious and upset that we…

Science, the Market and Iterative Knowledge

The second paper co-authored with Dave Hardwick has now been published in Studies in Emergent Order: Abstract: In a recent paper (Hardwick & Marsh, in press) we examine the recent tensions between the two broadly successful spontaneous orders, namely the Market and Science. We argued for an epistemic pluralism, the view that freedom and liberty…

A liberal arts education

This Oakeshott reference from Colorado College’s website, notable because many so-called “liberal” arts colleges are only nominally “liberal” in the Oakeshottian sense. Check out Oakeshott’s essay “A Place of Learning” and other essays of his from The Voice of Liberal Learning. Paul Franco has written an essay for the “Companion” entitled “Un Début dans la…

Clash of the Titans: When the Market and Science Collide

Coming soon the first of three papers I’ve co-authored with Dave Hardwick, this one due in Advances in Austrian Economics, Vol. 17 ABSTRACT Purpose/problem statement – The two most successful complex adaptive systems are the Market and Science, each with an inherent tendency toward epistemic imperialism. Of late, science, notably medical science, seems to have…

Stories, religion, politics and evolution

Staying with the literature theme of a few days ago and earlier today, here is another write up on Jonathan Gottschall’s new book and an article by JG himself here and a related review article of another book by John Gray here. E. O. WilsonJonathan GottschallJonathan HaidtLiteratureNew AtheismSolzhenitsynStorytelling