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hyporthogon | 9 years ago
(2) The 'reduction of collective intelligence to the price mechanism' objection (which is often a specific case of generic objections to dimensional reduction, including e.g. perceptron thresholds) is addressed throughout Minsky's Society of Mind[0], esp. the 'frames' concept.
(3) The article doesn't mention the benefits of localized knowledge (as opposed to the 'practical reality' of localized knowledge, which may be lamentable and/or fixable), which iirc Hayek does get into (or maybe some other Hayekians? more modern systems-oriented folks? can't think of a source at the moment). If some knowledge (for example, within a community of practice) weren't pretty strongly localized, then every knowable would be in one truly global variable space, and abstraction would be incredibly computation-intensive, and knowledge growth would be horribly O(n!), and all of thought would work like JavaScript (ZING). This is a stronger kind of localization than technical specialization (which just maps onto SOLID class design rather than variable space).[1]
[0] Beautiful html edition: http://aurellem.org/society-of-mind/ [1] Broad philosophical musing on this sort of thing: https://mitpress.mit.edu/books/bubbles
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