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Do you think NASA got to the moon by waving dead chickens over satellite parts, or getting rhetorically over-excited?

Or did NASA actually manage to do that rational planning thing, at least for a while?

"Engineering-style decisionmaking works well for NASA, so it must work for society as a whole."

"Walrasian double-auctions work at the fishmonger's, so they must work for society as a whole."

Compare and contrast.

- Jake

If you only spend 20 minutes of the rest of your life on economics, go spend them here.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Sun Feb 5th, 2012 at 06:39:11 AM EST
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