What information consumes is rather obvious: it consumes the attention of its recipients. Hence a wealth of information creates a poverty of attention, and a need to allocate that attention efficiently among the overabundance of information sources that might consume it.
From Herbert Simon
The world is vast, beautiful, and fascinating, even awe-inspiring - but impersonal. It demands nothing of me, and allows me to demand nothing of it.
Anything that gives us new knowledge gives us an opportunity to be more rational.
Human knowledge has been changing from the word go and people in certain respects behave more rationally than they did when they didn't have it. They spend less time doing rain dances and more time seeding clouds.
Forget about Nobel prizes; they aren't really very important.
Human beings, viewed as behaving systems, are quite simple. The apparent complexity of our behavior over time is largely a reflection of the complexity of the environment in which we find ourselves.
All correct reasoning is a grand system of tautologies, but only God can make direct use of that fact.
No one has characterized market mechanisms better than Friedrich von Hayek.
I don't care how big and fast computers are, they're not as big and fast as the world.
Maybe we ought to have a world in which things are divided between people kind of fairly.
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