Adam Smith is Still Right
According to a decade-long study by the McKinsey Global Institute, countries with more competitive markets, less regulation, and fewer social objectives, have much stronger economies.
Posts
Why is Good Governance so Hard?
Inclusion leads to success. Extraction leads to failure. Human nature is flawed. Without strong guardrails and protections for freedom, the natural human greed and hubris of leaders frequently lead to corruption, then extraction, then inevitable failure of a nation.
Freeman Dyson Broke the Prisoners Dilemma
Freeman Dyson broke the Prisoners Dilemma by using Theory of Mind. His algorithm learned the reward matrix for the opponent, then retrained the opponent to use a different reward matrix, much more beneficial to to Dyson’s player.
What’s a Market, Anyway?
Can a market be involuntary? Does a market require human participants? What is the biggest market in the world?
Trail of Sparks 