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My GMU Econ colleague Dan Klein – whose excellent 2012 book, Knowledge and Coordination, is now out in paperback [2] – reflects on the value of reflecting deeply on Adam Smith’s moral reasoning [3]. (See also this paper by Dan [4].)
Randal O’Toole explains how today’s fetish for “sustainability” makes our world less sustainable [5].
And yet, as this new and wonderful initiative – HumanProgress.org [6] – from the Cato Institute shows, “the state of humanity is improving. Fast.” Indeed it is, despite all the rent-seeking, cronyism, economic ignorance, and hubris-fraught intellectuals forever subjecting innocent people to their schemes for engineering human society into better states.
George Will reports on yet another example of Uncle Sam run amok [7].
Ricardo Hausmann explains the importance of tacit knowledge – and draws policy lessons for immigration and foreign investment [8]. (HT Tyler Cowen)
Wisdom from David Henderson [10].