📚 node [[2022 08 01]]
📕 text contributed by @flancian 🔗 ️👁 ️📝
📕 text contributed by @neil 🔗 ️👁 ️📝

2022-08-01

  • [[Weeknotes W30 2022]]

  • Hayek and co see 'the market' as the ultimately distributed information processor. But it is entirely lacking a useful question for this information processor to solve. It is resource allocation for resource allocation's sake. It's like the computer in Hitchhiker's Guide to the Galaxy, where the answer to the ultimate question of life, the universe and everything is 42. It's a simple, easy answer to an ill-defined question.

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