Sunstein's 'Hayek for Our Time' Free for a Month: AI Calculation Debate Mirrors Socialist Calculation Debate
sebkrier · x · 2026-11-11
Harvard's Cass Sunstein released a new Cambridge Elements, Hayek for Our Time, free to download for a month, with a full book coming from MIT Press in 2028.
The centerpiece is Chapter 4: "The AI Calculation Debate and the Socialist Calculation Debate Are the Same Thing" — mapping Hayek's classic argument about dispersed knowledge and central planning onto today's debates over whether large models can substitute for price mechanisms in coordinating the economy.
Other chapters cover ignorance and liberty, Hayekian behavioral economics, and Knightian uncertainty. A key primary text for anyone tracking AGI's economic-impact debates.
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