“Within the remaining Spherical 8 of Wrestling with Economics, Matt Kibbe and Glenn Jacobs—Knox County Mayor and former WWE wrestler—deal with the hazards of “scientism,” the idea that society might be deliberate alongside scientific strains. Simply as an engineer would possibly assemble a finely tuned engine, technocrats consider that they’ll construct a finely tuned society. Early socialist thinkers embraced this concept, and it stays alive right this moment within the “belief the science” mentality. However as F. A. Hayek warned in The Counterrevolution in Science, human beings aren’t cogs in a machine. They’ve distinctive objectives, desires, and values that no formulation can seize. The Covid-19 pandemic provided a stark reminder of the failures of top-down, expert-driven management. Austrian economists perceive that no central planner’s information can match the collective knowledge of tens of millions of people freely cooperating, buying and selling, and constructing a dynamic, thriving financial system.” from the video introduction
