Economics

From the section “Economic Policy and the Rule of Law” from Hayek’s “The Constitution of Liberty” where he frames the state as a steward of economic stigmergy. The question, I think, is how collective welfare can best be promoted while so constraining governmental activities.

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Definitely - and personally I'm more inclined to think of this in terms of securing economic stability for as wide a section of the population as possible, but doing so without increasing the coercive powers of the state is a real challenge haha. Sort of like a welfare "rechtsstaat"

Well one roadblock I think is defining collective welfare. It's easy for the subject to devolve into subject hot topics, rather than focus on empirically definable metrics.

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This is exactly the line of inquiry I hope to spark among neolibs!

Not a Hayek stan but this is the kind of conversation I love to see among neolibs.

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Still need to understand what MEV is, but I do agree that blockchain and similar technology has the potential to elevate economics to an experimental science, rather than a theoretical science peppered with algebra haha

I feel like the researchers working on ETH monetary policy are discovering valuable alpha here. 

They seem focused on the minimal amount of changes that can enshrine certain values. If our government was efficient it would be doing something like burning MEV or block/builder separation.