Tyler Cowen is a creative and prolific economist at George Mason University. He's written a new book, on the idea, "Greatest Economist of All Time" or GOAT. (He decides there are several great ones, and no single winner).
Find a blog about the book here. And you can load it on a Kindle, but wait, there's more. He's created a website that has "read" the book, and you can ask any range of complex questions about the book, "to the book," so to speak. Website here:
I played with this for a while and found it really amazing.
In healthcare, we worry about language models vaccuming up a lot of crap and nonsense from the internet and regurgitating it. Here, for the GOAT book, the AI obviously has "learning English" as a large language model, but interrogates one book as a "walled garden." Similarly, AI could have one massive internal medicine text book (or several of them) as it's "walled garden" before long. Wolters Kluwer seems to be working on something of that type for its encyclopedic subscription website UpTodate.
Hi! Let’s see how AI can reinvent the book-reading experience. What would you like to know?
What are the two main similarities the author sees between Hayek and Adam Smith?
Based on the text provided, Tyler Cowen draws two key similarities between Hayek and Adam Smith.
Firstly, he notes that both economists inspire in their readers a sense of marvel and curiosity. This suggests they both possess a unique ability to provoke deep thinking and contemplation about the complexities of decentralised systems, such as economies or societies.
Secondly, both Hayek and Smith encourage readers not to assume every politician is of the same quality. They inspire readers to critically evaluate political constitutions, particularly in terms of how they attract and repel different individuals in their quest for public office.
In essence, both Hayek and Smith's works open readers’ eyes to the underlying mechanisms of societal structures, providing a fresh perspective on the conventional understanding of economics and governance. Even though the book doesn't elaborate more on the specific comparisons, we can infer these similarities based on the author's admiration for both economists.