of social science to replicate the predictability and formality of certain natural sciences is, in the end, a hopeless endeavor. Human societies, as Friedrich Hayek, Karl Popper and others understood, are far too complex to model at an aggregate level. Contemporary macroeconomics, despite dealing with social phen

e" that social democracy collapsed along with Communism in the age of Ronald Reagan and Margaret Thatcher. He spends a great deal of time attacking Friedrich Hayek and defending John Maynard Keynes. "Thinking the Twentieth Century" concludes with a recapitulation of the defense of the welfare state made in hi

" that social democracy collapsed along with Communism in the age of Ronald Reagan and Margaret Thatcher. He spends a great deal of time attacking Friedrich Hayek and defending John Maynard Keynes. "Thinking the Twentieth Century" concludes with a recapitulation of the defense of the welfare state made in hi