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12min chapter
Tyler Cowen - Hayek, Keynes, & Smith on AI, Animal Spirits, Anarchy, & Growth
Dwarkesh Podcast
The Dynamics of Market Success and Societal Progress
This chapter investigates the intricate relationship between the price system in markets and the challenges faced by companies in achieving long-term success. It offers insights into historical and contemporary views on competition, infrastructure developments, and societal obstacles, including nimbyism. The discussion also relates the educational philosophies of John Stuart Mill to present societal issues, particularly concerning the treatment of women and children within modern governance.
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