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The economics of political correctness

Here’s a very sharp and interesting take on what I’ve been calling virtue-signaling. The article is a couple of years old but nonetheless it is as incisiveness and salient as ever especially to one who has a basic grasp of market price signals and coordination dynamics. Isn’t it telling that despite academia being firmly under the regressive left’s management…

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Economics in the Era of Natural Computationalism and Big Data

Duke Forest conference detailed programme now available. Celebrating the 50th anniversary of John von Neumann’s “Theory of Self-Reproducing Automata”. The C+T sponsored panel below: big databruce caldwellcomplexitycomputational economicscomputational intelligencecosmos & taxisEconomicsFrancesco Di IorioFriedrich HayekJohn von Neumannmarek hudikroger frantzSelf-organizationSelf-Reproducing Automata

Is Technology Killing Capitalism?

Now isn’t this an interesting title? Well, as I discovered a few weeks back when Sam Harris chatted with Eric, EW comes to things with a very provocative, wise, technically sound and cultured background. The cross hair of software . . . pushes private goods into public goods Artificial intelligencecapitalismEconomicsEPISTEMEEric Weinsteinexpertiseinnovationmathematicssam harristechne

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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…

The Real Adam Smith

What can a man with a plain name who lived over 200 years ago tell us about life today? Who was The Real Adam Smith? And why should we care? In this two-hour, two-part documentary, Swedish author, commentator and Cato Senior Fellow Johan Norberg explores Adam Smith’s life, his ideas about morality and economics, and…

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Friedrich Hayek and Michael Polanyi in Correspondence

Friedrich Hayek and Michael Polanyi corresponded with each other for the best part of thirty years. They had shared interests that included science, social science, economics, epistemology, history of ideas and political philosophy. Studying their correspondence and related writings, this article shows that Hayek and Polanyi were committed Liberals but with different understandings of liberty,…