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2min chapter
Brad DeLong on Intellectual and Technical Progress
Conversations with Tyler
The Problem of Aligning Market Prices With Social Values
"There is no better way for harnessing the 8 billion brain anthology intelligence of humanity to achieving social goals we all want, other than to organize a functioning market system," he says. "The only rights that matter are property rights and so unless you are very, very good at making the distribution of property rights in accord ... then you get yourself into huge trouble." He adds: 'I'm with Maggie Thatcher on this that definitely other roads in keeping with British constitutional traditions I believe she wrote can achieve all that is good about such goals'
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