New Cosmos researcher makes the liberal case for markets
Markets let people cooperate without agreeing on how to live—and discover ways of living they could not have judged in advance, a Cosmos Institute researcher argues.
TLDR
A researcher announced they had joined Cosmos Institute and shared an essay making the liberal case for markets. They called how liberalism and liberal institutions adapt to AI “the most important question of our time.” Their argument goes beyond markets coordinating dispersed knowledge: markets also enable people to discover new ways of living. The researcher links that discovery process to specialization and the division of labor, arguing that it expands future productive capacity and enables compounding growth.
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