The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design.
Friedrich August von Hayek.
Conscious deliberate planning is a uniquely human activity. Non-human life forms don’t have the cognitive capacity to plan. But we do it all the time. It involves at a minimum some evaluation of the present conditions, a set of reasonably well-defined and reasonably stable preferences over present and future states of being, and an understanding of the various available means to achieve some selected or desired future state. Continue reading