How would Hayek solve climate change?

Disclaimer: this post concerns two things about which I don’t know very much: economics and climate policy. If you’d rather read something I’m supremely qualified to talk about, try this post on rookie errors I’ve made in my machine learning career.

Jimmy Wales, the founder of Wikipedia, created the most valuable product of the 21st century and gave it away for free. I was therefore a little surprised to read that he’s a fan of Friedrich Hayek, the Austrian economist commonly associated with neoliberalism and the Chicago school of economics. In particular, a 1945…