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ducing them, so the 'utility' of my second car will simply be its fundamental value (less transaction costs). Personally, I am not much of a fan of Picasso; Picasso paintings have negligible 'utility' for me. But if somebody offered to sell me one for a thousand pounds (and I was sure of provenance and
, 1932. An Essay on the Nature and Significance of Economic Science. London: Macmillan. Ruhla C, 1992. The physics of chance: From Blaise Pascal to Niels Bohr. Oxford: Oxford University Press. Schrificlinger E, 1944. What is Life? Cambridge Univ. Press, Cambridge, 1944. Shiller R, 2010. Robert Shilller O
create are truly wonderful. I’m thinking here of Picasso, Einstein, Mozart, Edison, or Maxwell, but a prec
HOUSE_OVERSIGHT_016060 Chapter 17 THE FUTURE Be + Omar Khayyam HOUSE_OVERSIGHT_016061 “Prediction is very hard, especially about the future.” Niels Bohr “The Moving Finger writes: and, having writ, Moves on: nor all thy Piety nor Wit Shall lure it back to cancel half a Line, Nor all thy Tears wash o
teen years before Einstein developed his ideas on space and time, but his paintings make it clear that our perceptions of the world are subjective. Picasso may have had the chutzpah to claim that he painted what he saw, even as he produced representations of disjointed people with body parts pointing i
rns at every step. The story of the development of quan- tum mechanics is full of them. But I want to cut to the chase here, and so I will skip over Niels Bohr, whose ideas laid out the first fundamental atomic rules of the quantum world as well as the basis for much of modern chemis- try. We'll also skip E
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