Book Review: James C. Scott — Seeing Like a State

'Seeing Like a State: How Certain schemes to Improve the Human Condition Have Failed' is a great and insightful book. Although it comes from an academic tradition I am not at all familiar with, I found it quite accessible. This book is about what happens when 'high-modernism', the belief that societies should be centralized, ordered and... Continue Reading →

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Information Aggregation: the Key to Rational Decisions

Leiderdorp, a.d. XVI Kal. Sep. MMDCCLXVIII A.U.C., One of the basic assumptions many economists make, is that people are rational (Definition Rationality). By this they mean that people act in their self-interest, in a reasonable way. This could be their very narrow self-interest, say an employer who pays the lowest possible wage to his employees, but... Continue Reading →

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