The Austrians and the Swan: Birds of a Different Feather by Mark Spitznagel

From The Austrians and the Swan: Birds of a Different Feather by Mark Spitznagel: To the Austrians, the [economic] process is decidedly non-random, but operates (though in a non-deterministic way, of course) under the incentives of entrepreneurial “error-correction” in the economy. In a never ending series of steps, entrepreneurs homeostatically correct natural market “maladjustments” (as […]

Ignac Semmelweiss

When I was a kid, my dad told me the parable of the first physician to realize you should maybe mothers would not suffer quite so many horrifying deaths if doctors washed their hands between autopsies and childbirth. Unfortunately this doctor was an asshole, so everyone ignored him. He eventually went crazy from the stress […]