Saturday, January 06, 2007

Gladwell and Hayek

I finally finished Hayek's The Counter-Revolution of Science. It is a great introduction to what is wrong with social sciences and social scientists. It is deep, and maybe even over researched, but Hayek admits that the only objective observer of mankind is God. A PhD does not qualify you as an objective observer of men. Most people with PhDs do not understand this point.

Bill Simmons at ESPN.com pointed me to Malcolm Gladwell's new article in the New Yorker about mysteries and puzzles. The article is also deep and a little overwritten, but it hits in a similar vein as Hayek. We cannot know everything.

Life is a mystery, so is economics.

I suggest people read Gladwell's article. I might comment more later.

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