Very good point. Reminds me of this great blogpost by Cosma Shalizi: https://crookedtimber.org/2012/05/30/in-soviet-union-optimization-problem-solves-you/ …
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Also reminds me of a concept I heard about recently: the Statistical-Computational gap. In a hand-wavy sense, it relates to the complexity of knowing/describing things vs the complexity of acting on things. A nice lecture about the topic: https://mpml.tecnico.ulisboa.pt/seminars?id=5783 …
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The pragmatism of local trajectory.
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Layer atop this what I like to call "coherence mechanisms", such as language and money.pic.twitter.com/UNVmHcetl0
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i think this was hayek's major fixation? by building flexibility into the system & assuming no locale can know best for all locales, that a locale often knows best how to act in its own interest, one builds a robust and superior system. the line seems arbitrary in any philosophy
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that's to say, he advocated a minimalist state as far as possible, but allowed exceptions for the government's construction of roads, guarantees of relative liberty & denial of positive law as much as possible, etc. However he had a line. The utilitarian seems a beast of a locus
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Could I add that in many cases people’s utilities are different (and in many cases opposing), so how do you weight them to arrive at a policy?
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