NancyLebovitz comments on Open Thread, May 1-15, 2012 - Less Wrong

7 Post author: OpenThreadGuy 01 May 2012 04:14AM

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Comment author: NancyLebovitz 08 May 2012 08:35:18AM 2 points [-]

It's been a while since I read Man, Economy, and State, but it seemed to me that Rothbard (and therefore possibly von Mises) anticipated chaos theory. There was a description of economies chasing perfectly stable supply and demand, but never getting there because circumstances keep changing.