Author Archives: Greg Ransom

How economists have blinded themselves with their math constructions

Hayek’s multi-dimensional normal science research project, tackling the relation between the new marginal valuation logic and the old problem 0f distribution theory¬† (among several other problems) opened Hayek’s eyes to how the math construction of economics had blinded economists to … Continue reading

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Mach, James and Russell

There is an important new book on some of the theorists who helped inspire and deeply influenced Hayek’s work in the theory of mind, knowledge and brain: The Realistic Empiricism of Mach, James, and Russell: Neutral Monism Reconceived by Erik … Continue reading

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Tautologies, empirical problems and causal explanations — Hayek’s 1936 revolution

By the happenstance of family, Hayek became one of the first ever to read Ludwig Wittgestein’s landmark Tractatus Logico-Philosophicus. Wittgenstein manages to tie the phenomenological positivism of Ernst Mach and Bertrand Russell to the new logic of Gottlob Frege using … Continue reading

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1936 And All That — Hayek’s Copernican Revolution in Economics

Earlier I outlined Hayek’s normal science research program and I began to suggest how anomalies developed in that program, conflicts arose with others working on those same normal science puzzles, and how these anomalies and conflicts set Hayek on the … Continue reading

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How Hayek Made His Way To His Famed 1936 Copernican Revolution in Economics

The work of Bruce Caldwell and others on nature and significance of Hayek’s solution to the explanatory problem of economics outlined in his 1936 paper “Economics and Knowledge” and developed thereafter has been deeply flawed because because these account grasp … Continue reading

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Books — Expand On Your Hayek, Expand On Your World

Friedrich Hayek’s work opens a world of ideas and historical events. Read more: The Road to Serfdom / Stalin, Hitler / Totalitarian Societies The Road to Serfdom: Text and Documents by F. A. Hayek Iron Curtain: The Crushing of Eastern … Continue reading

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