Introducing Partha Dasgupta: Economics: A Very Short Introduction: "At most 8% of the world's population has a standard of living more than half of today's U.S. median. Rejoice: the world today is so much fabulously richer than it was in 1800. That is a miracle. Recoil: our knowledge—of how to run governments; of how to organize markets, firms, and property; and of how to apply science and technology—is so sketchily and unevenly distributed around the world, leaving only a small part of it as what we would see as rich and huge chunks of it as what we do see as desperately poor, is a scandal, and a crime against humanity. But what is to be done about this crime against humanity?...
Apropos of the Hayekian 'the market knows many things that no individual knows': In the fifth century BC those casting the statue of Athena-Fighting-in-Front in Attica had no clue that the tin from which they made their bronze came from Cornwall; and those mining the tin in Cornwall had no clue that its highest-and-best market use would be to make a giant statue of Athens's patron goddess: James D. Muhly: Sources of Tin and the Beginnings of Bronze Metallurgy https://www.bradford-delong.com/2019/07/apropos-of-the-hayekian-the-market-knows-many-things-that-no-individual-knows-in-the-fifth-century-bc-those-casting-the-st.html
Socialist Calculation Debate 2.0: Sparsity: On Twitter https://www.bradford-delong.com/2019/07/socialist-calculation-debate-20-sparsity-on-twitter.html
Notebook: Economics Gone Right
