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Foundations of Austrian Economics

H/T to Steve Horwitz who has provided the introduction to FEE’s newly released ebook of Kirzner lectures/essays from various FEE events and publications. For Kirzner and the Austrians, however, the assumption of perfect knowledge heads economists off on a trail that is an intellectual dead-end. The real world of the market is one in which knowledge…

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Commemorating the Centennial of Herbert Simon’s birth

As many Simon aficionado’s will know, this year sees several conferences and publications marking the centenary of his birth. So on this note, yet another plug for Minds, Models and Milieux Commemorating the Centennial of the Birth of Herbert Simon but also to mention some upcoming Herbert Simon Society events (it’s somewhat reassuring given the disrepair of the delusional EU…

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Intellectual Yet Idiot

Nassim Nicholas Taleb gives the Platonic rationalist “elites” a mega bitch slap (Original source here). Supplemented by the recent lunacy as per below, I suspect that though philosophers (rightly so) got their knickers in a twist a couple of years ago when deGrasse Tyson slammed the value of philosophy, they’d be well on board with this…

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Bounded Rationality in the Digital Age

The fifteenth in a series of excerpts from Minds, Models and Milieux: Commemorating the Centennial of the Birth of Herbert Simon. Peter E. Earl One of the great tragedies in economics in the decades since Simon received the 1978 Alfred Nobel Memorial Prize in Economic Sciences is that the uptake of his ideas within the discipline…