tag:blogger.com,1999:blog-7518052123607266716.post65705815614212489..comments2023-11-03T02:32:12.233-07:00Comments on The Bayesian Heresy: Economic Theory for an Innovative WorldMarshall Jevonshttp://www.blogger.com/profile/18150733296966489030noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-7518052123607266716.post-43885595183702955532007-11-26T09:00:00.000-08:002007-11-26T09:00:00.000-08:00Innovation requires freedom to choose and the abil...Innovation requires freedom to choose and the ability to think of "out of the box." This article isn't economics as it is buraeucratic planning. Eastern Europe did they same thing for most of the later half of the 20th century and it stifled innovation in all field of endeavors. it crippled their economies and civilization.<BR/><BR/>Innovation cannot be regulated or scheduled. There must be a free flow of ideas and struggles. Similiar to stem-cell research, if that area of development waited for all the ethical guidelines, rules, laws and regulation to be enacted it would never advance into life saving technologies and human knowledge. Most of the time the knowledge and technologies get ahead of regulation and law making. Civilization had cars and an automobile indusry before it had manufacturing standards, traffic laws, insurance, etc. Anything that counters this will only stifle and suffocate technology innovation and human progress.<BR/><BR/>Danny L. McDaniel<BR/>Lafayette, IndianaAnonymousnoreply@blogger.com