The false efficiency of systems analysis
The revolutionary manner in which McNamara made his decisions… transformed the “expert” career bureaucrat into the “novice” and the “inexperienced” political appointee into the “professional.” […]
oskar morgenstern
The meaning of competition: a guided reading (part I)
This is part one in a three part guided reading of Friedrich Hayek’s classic paper, The Meaning of Competition. Let’s jump right into it…