The Network State Podcast

#28 - Timur Kuran

21 snips
Jan 14, 2026
Timur Kuran, a Duke University professor and author known for his insights into preference falsification, dives deep into the intricacies of public lies and the distortion of economic data. The conversation includes the implications of social pressure on truth-telling and how preference falsification affects institutional decision-making. Kuran also discusses the historical context of Islamic law in relation to corporations, the potential for modernization in the Middle East, and the role of blockchain technology in creating verifiable truths amidst public deception.
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INSIGHT

Preference Falsification Distorts Society

  • Preference falsification means people publicly misstate wants under social pressure and often pretend to like things they dislike.
  • Timur Kuran explains this hides private preferences and distorts collective decisions and public knowledge.
INSIGHT

Parroting Slogans Can Create Shallow Belief

  • Repeated public parroting of slogans can make people come to believe their own lies, but those beliefs remain shallow.
  • Kuran warns such shallow beliefs can flip quickly when faced with new evidence.
ANECDOTE

Officials Used Black Markets Under Central Planning

  • Enterprise heads in command economies used black markets to meet quotas while publicly endorsing central planning.
  • Kuran recounts that officials maintained a facade even though shadow prices and quasi-capitalism operated in practice.
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