Don't you think there is a difference between efficiency in the intellectual arena and truth? I think that intellectual institutions are fairly good at allocating resources to efficiently produce "normal science" - ie, science that refines and explores a given view of the world.
Truth may require abandoning a whole viewpoint - and that seems on the surface, at least, to be a very inefficient activity. Fabio On Mon, 26 Nov 2001, Alex Tabarrok wrote: > Hello? If the history of the twentieth century is not an undeniable > argument against the hypothesis that the "market" for social science is > not efficient then what is? > > Alex
