I often wondered about what is the nature and purpose of science. While researching what was to become the foundations of statistical economics, I stumbled across an author that I hadn’t heard of before, Edwin Jaynes. His work has become a profound influence on my research and thinking. In one of his works, he asks, “How shall we best think about Nature and most efficiently predict her behavior, given only our incomplete knowledge?” Continue reading
Tag Archives: knowledge
Hayek’s Demon
After reading Hayek’s “The Use of Knowledge in Society“, I was immediately reminded of Maxwell’s demon, or rather of Leo Szilard’s response. The similarity between the logic of Szilard and Hayek are what I discuss today. Continue reading