Chronos comments on Hayekian Prediction Markets? - Less Wrong
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Comments (79)
Re: "telling stories"... When it comes to refusal to calculate, the Austrians seem closely akin to the people who claim that morality is "mysterious". They're looking at the mistakes of others (principally Keynes) and trying to reverse stupidity.
Which is a shame, because they do have a few insights here and there that strike me as being so correct they're painfully obvious in hindsight.