November 2014

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Hopefully you guys can record it and put it up on Youtube!

Speaking of partial knowledge...I just learned about Turgot... http://library.mises.org/books/ARJ%20Turgot/The%20Turgot%20Collection%20Writings,%20Speeches,%20and%20Letters%20of%20Anne%20Robert%20Jacques%20Turgot,%20Baron%20de%20Laune.pdf

Dang...he mentioned the opportunity cost concept and the partial knowledge concept before Bastiat was even born. In other words...he seems to have been one of the earliest economists to really grasp the idea that perspectives matter. Any other lesser known early economists that promoted the idea that perspectives matter?

Please try and discuss how adjusting to change and coordination of knowledge allows for winners and losers in the marketplace.

Any reports on how it went?

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