Weekend Reading: Judith Shklar: The LIberalism of Fear

Comment of the Day: Kaleberg: Optiomization Problem Solves You: "This discussion assumes that the optimization problem is about finding the optimal solution...

...A centrally planned system would be considered a failure if it produced too many size 9 shoes and not enough size 10 shoes for one shoe replacement season. Capitalism would be more successful because it would be willing to accept a solution that would deny shoes to a broad class of the population as long as shoe factory profits were high. The two systems play different games on different fields...


#shouldread

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