3min chapter

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#174 – Tyler Cowen: Economic Growth and the Fight Against Conformity and Mediocrity

Lex Fridman Podcast

CHAPTER

Is There a Free Lunch?

Friedrich Hayek's The Use of Knowledge in Society is about how decentralized mechanisms can work. And that's where you start to understand the price system capitalism. I learned I was 13, maybe 14 when I read Hayek. It's like an AI problem and how well, not for everything, but for many things, we solve it.

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