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As Mises’s student Friedrich Hayek later emphasized, an economy is not a set of equations waiting to be solved, either with a capitalist price system or a socialist computer. It is better understood as a network of decision-makers, each with their own motivation, using information to make decisions, and generating information in turn. Even in a highly digitally mediated capitalist economy, those decisions are coordinated through market competition.
How to Make a Pencil
logicmag.io
Most parking structures, with ramping perimeter floors, can never serve any use other than parking. When the ramps are instead placed at the center of the garage, they can eventually be removed to create a light court surrounded by flat floors that can become offices or housing. Garages served by lateral spiral ramps, while a bit more expensive, are even more easily converted to nonautomotive uses.
Evil may result as well from good as from ill intentions. That is the fallibility and tragedy of human history—or, to use a different vocabulary, its dialectic. Nothing handed down from the past could keep race alive if we did not constantly reinvent and re-ritualize it to fit our own terrain.
Racecraft
Barbara J. Fields, Karen Fields
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