The Essential Ingredient That Makes “Wisdom Of The Crowd” Powerful

“In order for the wisdom of crowds to retain its accuracy for making predictions, every member of the group must be given an equal voice, without any one person dominating. As we discovered, the pattern of social influence within groups — that is, who talks to whom and when — is the key determinant of the crowd’s accuracy in making predictions.” – Harvard Business Review

The Invention Of Money Changed Everything About How The World Works

“Paper money, backed by the authority of the state, was an astonishing innovation, one that reshaped the world. That’s hard to remember: we grow used to the ways we pay our bills and are paid for our work, to the dance of numbers in our bank balances and credit-card statements. It’s only at moments when the system buckles that we start to wonder why these things are worth what they seem to be worth.” – The New Yorker

A Libertarian Think Tank Produces An Art Show, Hoping To Win Converts

The underlying theme of “Freedom: Art as the Messenger” was that a natural alignment exists between artistic and libertarian priorities, attitudes and approaches to the world. Artists were entrepreneurs, working independently to create something of their own free will and bringing it to the market where someone else was free to decide what they thought it was worth—a pure form of free trade in which government had no business or purpose. – The Baffler

How Erdogan Purged Turkey’s Intellectuals

“An authoritarian state can do many things to get rid of these democratic types — put them in jail, put them on trial — but ultimately the government must attack the institutions that produce and sustain them. Newspapers can be easy to buy. NGOs are easy to shut down. Universities are much harder to dismantle. But this is what, through the great purge, President Recep Tayyip Erdogan and his allies sought to do.” – New York Times Magazine