INSTITUTIONS SOLVE INFORMATION PROBLEMS (shorter version) The solution to ALL HU

INSTITUTIONS SOLVE INFORMATION PROBLEMS

(shorter version)

The solution to ALL HUMAN PROBLEMS OF COOPERATION is (a) information and (b) institutions that facilitate the production, distribution, and testing of information. We need institutions that allow the intergenerational transfer of information. Previously savings and interest combine with property and family provided those institutions. The 20th century can be seen as a pseudoscientific attack on those western traditions.