Ludwig Lachmann and the Role of Uncertainty in Economic Affairs

Ludwig Lachmann and the Role of Uncertainty in Economic Affairs

Humans seem to love predictability. As a result we seem to choose the comfort of predictable outcomes rather than face the uncertainty of reality. We too often show this in the support we give to false economic prophets who espouse populist industrial policy, socialist central control, or perfection through technology. We could really use someone [...] The post Ludwig Lachmann and the Role of Uncertainty in Economic Affairs appeared first on CBNC .