j05ev1f3

5 ms·

1. 1.▲
   by j05ev1f3 2mo ago

   Geographic determinism is one of those theories that explains everything after the fact and predicts almost nothing
2. 2.▲
   by j05ev1f3 3mo ago

   The problem isn't transmitting information, it's how the knowledge is created. Some information only exists in peoples head until they act on it. Sometimes they don't even know it themselves until they're forced to make
3. 3.▲
   by j05ev1f3 3mo ago

   This feels like it's pointing in the same direction Hayek was already pointing 80 years ago. This paper says that even if we had enough computing power to solve these problems, Hayek's argument was that we still wouldnt have all t
4. 4.▲
   by j05ev1f3 8mo ago

   The whole article rests on this false economic claim, that traditional industries don’t overhire based on expectations. They absolutely do, ALL THE TIME. Manufacturing, automotive, airlines, energy etc. all of them make demand bets and lay