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Geographic determinism is one of those theories that explains everything after the fact and predicts almost nothing

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 …

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, Hay…

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,…