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Machine Dreams
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- ISBN-100521775264
- ISBN-13978-0521775267
- PublisherCambridge University Press
- Publication dateJanuary 1, 2002
- LanguageEnglish
- Dimensions6 x 1.68 x 9 inches
- Print length672 pages
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Editorial Reviews
Review
"Phil Mirowski reminds me of an investigative reporter with a world-class story. He has gone straight to the heart of a really interesting problem--the emergence of economics' modern era in the crucible of World War II--and come back with a detailed account of events at The Cowles Commission and the RAND Corporation. It is news, the best that can be said quickly. It is opinion: cyborg economics (meaning purely cognitive economics) is not the sort of science Mirowski wants to see. And it is sensationally interesting. You don't have to agree with his conclusions to recognize that Mirowksi is the most imaginative and provocative writer at work today on the recent history of economics. Machine Dreams is a real-time cousin to The Difference Engine .". David Warsh, The Boston Globe
"Machine Dreams is an astonishing performance of synthetic scholarship. Mirowski traces the present-day predicaments of economic theory to its intellectual reformulation and institutional restructuring by military funding and in the crucibles of World War II and the Cold War. His demonstration that the mathematical economics of the postwar era is a complex response to the challenges of "cyborg" science, the attempt to unify the study of human beings and intelligent machines through John von Neumann's general theory of automata, is bound to be controversial. His critics, however, will have to contend with a breathtakingly wide range of published and unpublished evidence in fields ranging from psychology to operations research he presents. This noir history of economic thought will change its readers' understanding of twentieth century economics profoundly." Duncan Foley, New School University
"In Machine Dreams the most exciting historian of economic thought of our time takes on one of the most fascinating themes of the intellectual history of the 20th century--the dream of creating machines that can think and how this has affected the social sciences. The result is an extraordinary book that deserves to be read by everyone interested in the social sciences." Richard Swedberg, University of Stockholm
Book Description
Product details
- Publisher : Cambridge University Press (January 1, 2002)
- Language : English
- Paperback : 672 pages
- ISBN-10 : 0521775264
- ISBN-13 : 978-0521775267
- Item Weight : 2.18 pounds
- Dimensions : 6 x 1.68 x 9 inches
- Best Sellers Rank: #1,136,980 in Books (See Top 100 in Books)
- #1,072 in Theory of Economics
- #2,270 in Economic History (Books)
- #5,275 in Professional
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Mirowski has written elsewhere that John von Neumann is the "hero" of this book. Von Neumann thought neoclassical economics was nonsense, and made no secret of that opinion. As a result, many post-war American economists have tried to write him out of history. One fruit of their effort was the beatification of John Nash as the patron saint of game theory, a process that began in the 1980s.
According to this book, the irony is that those same economists have "followed the trajectory" of von Neumann's thinking for the last five decades, even if they wouldn't acknowledge it. Through the 1970s or so they relied on fixed-point theorems and other nonconstructive proof techniques (von Neumann in the 1930s). From the 1980s to now, they have relied on game theory (von Neumann for a few years in the 1940s). Recently, they have begun to rely more on computers, particularly to study "agent"-type automata (von Neumann from the mid-1940s to the end of his life). And, as for von Neumann, military funding has been an important factor throughout this development.
Actually, this isn't "the" irony, but just one of many. If you've ever had any suspicions that neoclassical economics was kind of a crock, you'll find them well-supported in this impressively well-researched book. (Some highlights include the misplaced aspiration to axiomatize economic theory, the impossibility of computing Nash equilibria, ditto for Walrasian general equilibria, the socialist antecedents of "free market" jingoism, the bounded usefulness of V. Smith's market experiments, and much else.) It may be a bit of a stretch to say that the book reads like a thriller, but the fun of uncovering some additional bit of intellectual dishonesty with each turn of the page did keep my attention.
For over 500 pages, this story is told with a sustained, righteous and gleeful sarcasm. Such a tone may sound tiresome, but based on the evidence Mirowski brings forward - much of it the neoclassicals' own words - it struck me as quite justifiable. And I laughed a lot.
However, be aware that this book is less self-contained than Mirowski's earlier book, "More Heat Than Light". Even if you've read that book first (which I recommend, especially if you're not an economist), you should have at least a Scientific American-level of acquaintance with theory of computation, a bit more math-intensive experience with game theory (like a few chapters of Myerson -- not that "Machine Dreams" has any equations, but the math is often alluded to), and smidgens of Arrow, Debreu, Herb Simon, Vern Smith and Kahneman & Tversky. You should also know "who" Bourbaki is and have some experience of the Bourbakist style, because it's taken for granted that you already do.
There are a few quirks, but nothing so dire as what other reviewers have mentioned. For example, the "Newtonian" issue appears maybe in one offhand comment. More frequent, no less irritating, and just as utterly inconsequential is the use of the word "thermodynamics" when "statistical mechanics" would have been more appropriate. (None of those physics gaffes is important to the main theme.) An august group of manuscript readers allowed the author repeatedly to use "phenomena" and "automata" as singular nouns in the first two-thirds of the book. And throughout, there are ironic allusions and silly puns based on pop culture references, which is fine; but those of you born after 1965 may miss a lot of them.
Maybe one day, some econ undergrad as yet unborn will write a senior honors thesis glossing those many dozens of goofy remarks. For its multitude of remarks both insightful and trenchant, this book deserves to continue to be read at least until that time.
Luckily though the author does not intend to give the reader another neo-Luddite treatise on the perils of technology. He lets the reader know early on in the book that this is not his intent, in spite of the first few pages of the book, which might lead a reader to think otherwise. The author describes "cyborg science" as a description, taken by historians and sociologists of science, of the manner in which science has been transformed as an institution since World War II. According to the author, this designation is due to Donna Haraway, a contemporary sociologist of science, and applied by many other researchers whom he lists. In order to be fair to the author's use of the term as delineated by these researchers, one would need to study their works. This reviewer has not read any of these, but concentrated instead on the arguments put forward by the author himself, independent of any prior analysis or works of others he depends on. And it is the opinion of this reviewer that although the author might have respected the goals and opinions of all of these researchers in their concept of "cyborg science", it does not conform to the concept of "cyborg" as viewed (in general) in artificial intelligence. The concept of cyborg as an "automaton" is one that the author had in mind, but thinking of machines as automatons takes place in only a few small circles in the field of artificial intelligence. Further, the "attack of the cyborgs", which labels one section of the book, is a theme of many Hollywood movies, but it is an exaggerated and even comical view of artificial intelligence, and does not deserve inclusion in any serious study of the history of the influence of artificial intelligence on economic theory.
The author begins his "cyborg genealogy" with Charles Babbage and quickly moves on to von Neumann, Claude Shannon and Norbert Wiener, Alan Turing, the main instigators (consciously or not) to the "cyborg science" of post-war economics. Throughout the book one can see clearly how the field of operations research was influenced by these individuals, and how ideas from physics, in particular from thermodynamics and statistical physics, found their way into economics. Babbage is described as someone who saw no reason why the human mental faculties could not be "economized" with the assistance of machinery. His portent of the future is certainly remarkable, given the trend in the last decade of low-level machine intelligence replacing hundreds of tasks typically done by humans. The "Second Industrial Revolution" spoken of by Norbert Wiener, and currently advertised with gusto by the new technophilic generation of inventor/visionary Ray Kurzweil, is fully in place, and shows every indication of having extreme social consequences.
One must not however exaggerate the influence of well-known individuals in science and technology in bringing out true changes in society. The ideas of these individuals are widely quoted, but their efficacy is usually tested by many unknown individuals, whose sole interest is in the applicability and marketability of these ideas. The author spends too much time elaborating on the contributions of a small collection of people, ignoring those who were (causally) responsible for the rise of the information age and machine intelligence. In addition, the anecdotal comments attributed to Babbage, von Neumann, Shannon, Turing, and Weiner, that the author believes proves their view of economics as a "cyborg science" does not mean it has actually become one. The author does not propose any criteria, independent of these anecdotes, for establishing his case that post-war economic theory should be characterized as such. These criteria would have to involve the use of statistical sampling and tests, which is completely absent in this book. A much stronger, and more interesting case could be made if the author did not shy away from these techniques.
So no, this book is not one of the reactionary anti-technology polemics that are beginning to proliferate the bookstores. But it is clear when reading the book that the author is expressing anxiety about the current state of technology and he makes a deliberate attempt in the last pages of the book to engage in philosophical value judgments. The "raw emotions" he says he felt in the development of his ideas compel him to make moral commentary on the state of economic theory. He does not see sinister plots behind military funding of economics, but he does hold the researchers obtaining this funding accountable for their results, and we should not believe them when they say they were working independently and without outside interference or pressure. The author though does show some traces of the post-hermeneutic criticism that has in large measure dominated the humanities. His worries of viewing markets as machines are in the opinion of this reviewer unjustified if one is to go solely by the content of the book.
The (thinking) machines of today are making markets, but not controlling them.
As Curtis clearly articulates the main thesis, _The Trap_ is about "how a simplistic model of human beings as self-seeking, almost robotic, creatures led to today's idea of freedom." That is, Mirowski is not only interviewed, but this particular book, _Machine Dreams_ is the key text informing much of Curtis's documentary. I'm not an economist, but I found the film so informative and hair-raising that I purchased Mirowski's book. The book equals the film in brilliance, though it doesn't reach quite as far as Curtis's more political argument about how the economic models got adopted into political programs, and hence led to the trap suggested in his title.
Hard to say whether the film helps to comprehend the book more or vice-versa the book helps to deepen the film. I'd say both.
This is my favorite Mirowski book so far. He managed to weave together many disparate subjects in a cohesive manner. I learned a lot about RAND, Cowles Commission, Maxwell's Demon, Computer Science, and many other topics from engaging with this work. I would highly recommend it to anyone interested in these subjects.



