Undecidability

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Myths and legends of the market
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Kurt Gödel’s earth-shattering idea, from his 1931 incompleteness theorems, that it is impossible to prove all axioms in a closed logical system, which in turn means it is possible to know everything and determinism is false. Hoorah!

The theorems are widely interpreted as showing that Hilberts program to find a complete and consistent set of axioms for all mathematics is impossible.

The first incompleteness theorem states that no consistent system of axioms whose theorems can be listed by algorithm can prove all truths about the arithmetic of natural numbers. For any such consistent formal system, there will always be statements about natural numbers that are true, but unprovable within the system.

The second incompleteness theorem goes on to prove that, therefore, no consistent system of axioms can prove its own consistency.

Before you knew it, rice pudding and income tax.

See also