“let’s talk about those achievements. So, chapter twelve, General Theory of Interest, Employment, and Money. Here’s a quote. “It is probable that the actual average result of investments,”
Books mentioned in Tyler Cowen — Hayek, Keynes, & Smith on AI, animal spirits, anarchy, & growth
From Dwarkesh Podcast · 2024-01-31
All matched books in this episode
“to come up with a normative standard in “The Constitution of Liberty,” show in some ways he just wasn’t rigorous enough. He was content with the kind of Germanic, put a lot of complex ideas”
“you see that. And the best work, he also moved on from in some way. If you read “How to Pay for the War” in 1940, if you didn’t know better, you would think it’s someone criticizing the”
“actual views, I think his career is a tremendous white pill in the sense that he writes The Road to Serfdom in 1944 when Nazi Germany and Soviet Union are both prominent players. And honestly,”
“and not the equilibriums themselves. And it seemed related to the Peter Thiel point in zero to one. That monopoly is when you have interesting things happen because when there’s just competitive”
“be uncertainties, I think you made this argument when you were responding to Alex Epstein on fossil future, where you said uncertainties also extend out into the domain where there’s a bad outcome”
“science, and it is anti-Hayekian. It’s anti-small c conservatism. His other book, On Liberty, is very Hayekian, though, right? In the sense that free speech is needed because information”
“tutors. You talk in the book about how Mill is very concerned about the quality and the character development of the population. But when we think about the fact that somebody like him was elected”
“he publishes in 1776, The Wealth of Nations. And basically, around that time, Gibbon publishes the decline and fall of the Roman Empire. Yep. So he publishes The Decline and Fall of the Roman”
“he publishes in 1776, The Wealth of Nations. And basically, around that time, Gibbon publishes the decline and fall of the Roman Empire. Yep. So he publishes The Decline and Fall of the Roman”
“bit of a. Not a one-note Johnny. His book on protectionism is still one of the best books on free trade. But he’s circumscribed in a way, say, Smith and Mill were not. Today. Does its”
“argument against this in “Stubborn Attachments,” right? That over the long term, if economic growth is high enough, then the savings of the rich will just be dissipated to everybody below. Well,”
“in the end, of history. Fukuyama says this is more powerful. This is the one he’s more worried about, more so than the leftist critique. And over time, basically what you end up with is the”