Pierre Lemieux wrote:
>Yet, there are crazy ideas (defined as ideas that were once thought as
>completely unrealistic) that become accepted -- e.g., the earth is round,
>freedom of religion is not disruptive or, say, "the White Pine Tree Act was
>not strong enough".* Why these and not others? Do we have to resort to
Unfortunately, I can provide relatively little on why _groups_ accept
certain ideas (e.g., I couldn't tell you why 'American colonists' thought
freedom of religion was important, but I could tell you why 'Thomas
Jefferson' thought it was).
The term 'information cascade' is a new one on me. If by that you mean,
"Intellectuals pick up on an idea, espouse it and clarify it, and the idea
'trickles down' to non-intellectuals," then I see no other alternative to
"And while all the good little boys and girls slept, the Invisible Hand went
from house to house, distributing the surplus wealth created by voluntary
transactions in a non-hegemonic division-of-labor market ..."
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