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Luck and Learning to Make the Most of It

Here is Vernon Smith on Fortuna. Vernon very kindly wrote the preface to Propriety and Prosperity: New Studies on the Philosophy of Adam Smith. Some call it luck, others call it Providence, and that points to the mystery of the forces that shape us and that we shape—forces well beyond our comprehension.   Adam SmithBehavioral economicsEconomicsfortunaLuckProvidencesituated cognitionTheory…

Vernon Smith’s Foreward to Propriety and Prosperity: New Studies on the Philosophy of Adam Smith

Here is the opening paragraph to Vernon’s Foreward to Propriety and Prosperity. I would urge anyone interested in situated cognition to read his superb Rationality in Economics: Constructivist and Ecological Forms amazingly an unknown classic to those of an externalist non-Cartesian persuasion. Also worth a read is Vernon’s memoir. This book is a welcome addition to the resurgent scholarly and…

Constructivist and Ecological Rationality in Economics

All those interested in extended mind/externalist/situated type thought should be aware of the field of Behavioral Economics (BE) in general and the work of Vernon Smith in particular. BE is a body of literature that was ploughing this trough some twenty years before the hypothesis of extended cognition took root in cognitive science. It is interesting…

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Hayek and Behavioral Economics: Mindscapes and Landscapes: Hayek and Simon on Cognitive Extension

I see that the publisher now has a fully detailed page up for a volume that I’ve been privileged to be a part of. The Foreword is by a very nice chappie going by the name of V.Smith and includes luminaries such as McCloskey, Boettke, Gintis, Steel and others. My abstract: Mindscapes and Landscapes: Hayek and Simon on Cognitive Extension Hayek’s…