[lbo-talk] the "rationality" postulate

Eubulides paraconsistent at comcast.net
Fri Sep 17 15:52:48 PDT 2004


----- Original Message ----- From: "Charles Brown" <cbrown at michiganlegal.org>

^^^^^ CB: What about Marxist emphasis on the anarchy of capitalist production and the resultant periodic crises of overproduction which the capitalists' competitive, decentralized, unplanned, uncoordinated and non-omniscient activity causes ? Marxists famously reject idea of the Invisible Hand attached to the Omniscient Head and want to replace capitalist lack of planning with socialist planning.

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All the planning in the world can't overcome the 'law' of unintended consequences in socio-epistemic systems nor the algorithmic complexity of the biophysical world. See Amariglio and Ruccio on that score. That's not to say we shouldn't attempt to create forecasting models based on the best logics etc. we have, it's just to recognize there are ontic limits to rendering ourselves and the world predictable........

Ian

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