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In a universal, computable world, freedom could be optional — efficiency might suffice. But in the complex, entangled world we actually inhabit, freedom is structural. It is the infrastructural condition for markets to operate as distributed intelligence, rather than engines of extraction and self-termination.

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A fantastic story about the father of modern portfolio theory, Harry Markowitz, brings this to life. Markowitz considered the optimal mix of assets for his personal portfolio but found it all too complicated to wrap his prodigious brain around. “I should have computed the historical co-variances of the asset classes and drawn an efficient

Brian Portnoy • The Geometry of Wealth

We can see that the ancient idea that living matter has special physical properties was almost true: it is not living matter but knowledge-bearing matter that is physically special. Within one universe it looks irregular; across universes it has a regular structure, like a crystal in the multiverse.

David Deutsch • The Fabric of Reality

money is universal credit and that its supply and value in a free market is a reflection of the reality of how much valuable work has been done and not redeemed.

Sacha Meyers • Bitcoin Is Venice: Essays on the Past and Future of Capitalism

On relationships with others in the field: “It’s a very important medium-term project to bring China into the international scientific community in a worthy way,” he says. “There’s a tremendous hunger for research and knowledge in science there. I wish it weren’t so politically fraught.”

Gabriel Popkin • The Universe According to Frank Wilczek - John Templeton Foundation

Richard Koch richardkoch8020@gmail.com

Richard Koch • The 80/20 Principle

Relying largely on intuition and common sense, Woodin had cut through a fog of financial advice and adopted the simplest of all possible solutions: the government would simply print new money. It would be backed not by gold or silver but by the assets of the banks in the Federal Reserve system.

Jean Edward Smith • FDR

Helgoland (Italian Edition)

Carlo Rovelli

But it can also go the other way. What economics has missed is that adding an incentive—a fine or a bonus—may be subtracting something else, the individual’s sense of responsibility, or obligation, or intrinsic pleasure.