A Conceit of Supposed Experts and a Seduction to All
This chapter discusses the general philosophy of knowledge, followed by its application of flattening knowledge down to information. Knowledge flat-talk creates an illusion of reducing the matter to information, search cost, probabilities, and incentives, all of which are beneficent to expert intervention. In economic discourse, flat-talk keeps out and does not properly clarify the vocabulary of entrepreneurship, enterprise, discovery, insight, interpretation, and judgment. Rich talk makes people mindful that articulate knowledge resides in tacit knowledge. As implied by Don Lavoie, mindfulness makes the value of freedom more persuasive.
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