Sublime

publicly visible.

no more need to have them enforce our contracts.

There frankly is a hell of a lot of value in the game theory and economics literature.

These are all highly contestable statements.

It traditionally assumed that firms were independent, and so changes would be independent, and so their sizes and aggregate effects would be distributed normally.

rabbit. So you can think of the economy as a series of shocks moving to an equilibrium, shock, moving to an equilibrium.

The advance of human societies fundamentally requires that they continuously attain a balance between order and adaptability. Entrepreneurs are vital to the attainment and maintenance of prosperity because they are, by definition, the ones who push back against incumbent interests and, in so doing, maintain that balance.

“They have hired astronomers; they have hired mathematicians; they have hired physicists; they have even hired theologists. They never even interviewed an economist.”