M P RA Stories of Error and Vice Matter: Path Dependence, Paul David, and Efficiency and Optimality in Economics

Munich Personal, Repec Archive, Altug Yalcintas
2006 unpublished
History books are full of success stories. Intellectuals are interested in such stories because they are important in human history -they are important especially for those who are willing to know more about how we have reached the peak points of human civilization. History books, however, do not always credit issues of human failure and error. The social element -that is, the set of undesirable consequences of the imperfect character of human doings -are thus left out as irrelevant. Oddities
more » ... d wrongheadedness, for instance, are not at the forefronts of human notice.
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