Apologies for neglect of the blog for the past month or so. I’ve been busy writing a pile of academic stuff. For those interested, I have a review in this month’s Literary Review of Canada: Trading Fair: The Slippery Slope of Industry Self-Regulation
I also wrote an academic piece on the 2008 financial crisis (yes, we are still picking over the bones), which is now on my academia site: Mistakes Were Made: The Role of Catallactic Bias in the Financial Crisis. This “catallactic bias” thing is a meme that I’m trying to make happen, so far without much success. The reference is to the term “catallaxy,” used by von Mises and Hayek to describe market orders. So if you take that stuff too seriously, you wind up suffering from catallactic bias… get it?
Finally, I gave a talk at Dartmouth last week, called “On the Scalability of Cooperative Structures,” that I’m really happy with, but it won’t be in the “working paper” stage for a while still.… Continue reading