Pete Boettke - Is Hayek Still Relevant?
The Curious Task
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The Importance of Adapting to Changes
When we got indoor plumbing, and a new error begins, a new job comes about, right? So when we got the electric light bulb, we got rid of whaling. There's still cities in America where you can go in New England that were once wailing, thriving whaling towns. But then there's other cities like Pittsburgh, which, you know, at one time was the steel industry,. And so we have to actually allow these constant adaptation and adjustment to the changing circumstances.
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