Tim Harford, who writes one of my favorite blogs, The Undercover Economist, speaks at TED about the merits of trial and error, the failures of the God complex, and the importance of making good mistakes. It seems so obvious when you listen to him, but it’s when you look around and see everyone trying to fix the world’s problems with their own preconceived master plans that you see how few people grasp the beautiful heuristic process of variation and selection.
On the Power of Prices
: Informative, Summative, and Coordinating
It is only through the voluntary coordination of the efforts of various economic agents that we can make the products we use today.
On Quotes from F.A. Hayek
“The curious task of economics is to demonstrate to men how little they know about what they can imagine they can design.”
On Man's Insignificance
From this distant vantage point, the Earth might not seem of particular interest. But for us, it’s different. Look again at that dot. That’s here, that’s home, that’s us.