The Radford Free Press – Page 47 – All life is problem solving.

Commentary / algorithms, complexity, economic theory, information, Kolmogorov, Shannon, utopia /

The Information Conundrum

February 15, 2021

Kolmogorov, I think, hit the nail on the head when he said: “At each given moment there is only a fine layer between the ‘trivial’ and the impossible. Mathematical discoveries are made in this layer.” He might just as well have said that life itself is discovered in this layer. But let’s not get ahead […]

Commentary, Economics / artificial intelligence, Durer, economic theory, Erdi, Karl Popper, knowledge, Soros /

What Do Durer and Soros Have in Common?

February 12, 2021

I know, this is one of those more philosophical moments. In my case prompted by my continued meditation on the deleterious effects of a belief in utopias. Such beliefs seem always to end up with authoritarian consequences. People can all too easily get swept up by the illusion of having solved life’s great mysteries. It’s been […]

Economics / Biden, Olivier Blanchard, stimulus, Summers, unemployment /

Forecasting Errors

February 8, 2021

I suppose forecasting errors is one of those phrases that needs a bit of explanation. Are we forecasting errors? Or are we discussing the errors in forecasting? I think it’s both. Take the current debate going on about Biden’s $1.9 trillion economic relief package. A few notable economists, including both Larry Summers and Oliver Blanchard, are […]