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148 | Henry Farrell on Democracy as a Problem-Solving Mechanism

Sean Carroll's Mindscape: Science, Society, Philosophy, Culture, Arts, and Ideas

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Exploring the Limits of Market Efficiency and Democratic Dialogue

This chapter explores the differing roles of markets and democratic processes in shaping decisions. It highlights the limitations of price signals in comparison to the deeper insights gained from human interaction, while also recognizing the value markets bring in exchanging knowledge and perspectives.

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