the limit of central planners is that they don't know what they can't know. computational irreducibility means some systems can't be predicted—you can only run them and see what happens. no amount o...
this book argues that the most fundamental question is not what decision to make but who is to make it—through what processes and under what incentives and constraints, and with what feedback mechanisms to correct the decision if it proves to be wrong.
Sowell, Thomas. Knowledge And Decisions
Sowell, Thomas. Knowledge And Decisions