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Daily Archive for January 22nd, 2013

In Laura Hildebrand’s¬†Unbroken,¬†in Chapter One she mentions some of the things state governments were involved in around the Depression. In one piece she mentions that state governments were heavily involved in mass sterilization and outright execution of “undesirables.” And here is Tyler Cowen linking to Nate Silver in the New York Times, in the “we’re […]

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The pop wisdom on what economists (real economists) mean by “rational actors” or “rational decision makers” is ostentatiously misleading. That view basically suggests that rationality = “correct choice” or perhaps something like “omniscient beings.” This is of course silly not least of all that Hayek won a Nobel Prize in part for demonstrating how important […]

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