Links

Hope Solo’s very, very rocky road to the 2012 Olympics.

Matthew McConaughey’s journey from Dazed and Confused to Magic Mike.

How eight young economists see the future of the field. HT: Marginal Revolution.

I found the following idea the most provocative, though I’m not sure I completely follow or agree with the implication:

In his famous 1945 article, “The Use of Knowledge in Society,” F. A. Hayek argued that despite their inequity and inefficiency, free markets were necessary in order to allow the incorporation of information held by dispersed individuals into social decisions. No central planner could hope to collect and process all the information necessary for social decisions; only markets allowed and provided the incentives for disaggregated information processing. Yet, increasingly, information technology is leading individuals to delegate their most “private” decisions to automated processing systems.  Choices of movies, one of the last realms of taste one would have guessed could be delegated to centralized expertise, are increasingly shaped by services like Netflix’s recommender system. While these information systems are mostly nongovernmental, they are sufficiently centralized that it is increasingly hard to see how dispersed information poses the challenge it once did to centralized planning.

The story behind the NPR show people either love or hate: Radiolab. Caution: the article reads like radiolab sounds. There was also this surprisingly simply yet touching video included:

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