seminar: Ransom on Hayek 3

By Greg Ransom, on June 22nd, 2009%

In my first two Hayek Seminar postings I highlighted the fact that for Hayek the empirical character of economics science begins with empirical problems in our experience. We witness a constantly repeated pattern in which prices “tend” toward costs. Alternatively, we attempt to impose a system of “just prices” and our attempts to empirical control . . . → Read More: seminar: Ransom on Hayek 3

Comments are closed   Economics, Phil of Econ, Ransom on Hayek, Seminar on Hayek

seminar: Ransom on Hayek 2

By Greg Ransom, on June 20th, 2009%

What I’m probing right now is Hayek on the spurs to inquiry in economics. One insight I’d like to suggest is the fact that over time the human race loses track of the problems which originally provoked inquiry — and the loss of this original sprur to inquiry can have detrimental and even pathological effects . . . → Read More: seminar: Ransom on Hayek 2

One comment - (Comments are closed)   Economics, Seminar on Hayek

seminar: Ransom on Hayek 1

By Greg Ransom, on June 20th, 2009%

I’m going to start using this space to teach some Hayek — and perhaps generate a conversation. Please feel welcome to add your own thoughts in the comments section below.

Today’s seminar topic is the empirical nature of economics science.

Hayek in many places talks about how science begins with problems in our experience. Hayek . . . → Read More: seminar: Ransom on Hayek 1

4 comments - (Comments are closed)   Economics, Seminar on Hayek
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Under socialism there will be no economic or social question that would not be political questions in that sense that their solution will depend exclusively on who wields the coercive power. — F. A. Hayek
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