Frederich Hayek famously said “The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design.” Professor Mario Muzzi, economics professor and department chair at the University of San Francisco, recites this quote from memory. In other words, his message is that the intended outcome […]
Tag: Hayek
Free Money for Everyone: The Future Policy of the Political Right?
“We are approaching a time when machines will be able to outperform humans at almost any task…society needs to confront this question before it is upon us: if machines are capable of doing almost any work humans can do, what will humans do?,” asked Moshe Vardi, expert and professor of computer science at Rice University. […]