Sunday, January 20, 2008

Marginal Revolution book forum, The Logic of Life

I'm going to at least follow along with the book forum over at Marginal Revolution. I've read just the intro and first chapter so far. I was sighing a bit at the emphasis on the rational actor, but heartened as Tim Hartford took pains to dismantle the 'Economic Man', who can perfectly respond to all new information with perfect solutions to partial differential equations. There is much more acknowledgment of partial information, human shortcuts, and even irrational behavior. So far totally missing is the interesting new work involving computer simulations, as in The Origin of Wealth, or as Adam says in Mandelbrot's book.

The Logic of Life, by Tim Harford

Update: First installment on Wed. The author, Tim Harford, is commenting on the main posts and replying to comments.
Post a Comment