ANNOUNCING — The Hayek Project

By Greg Ransom, on April 13th, 2010%

“The Hayek Project is sponsored by the Critical Review Foundation, which publishes Critical Review and holds occasional scholarly conferences. We invite the submission of published and working papers to be posted on this site, subject to peer review.”

Read more here.

Comments are closed   Organizations

Klein on Nobel Winner Oliver Williamson and Hayekian Economics

By Greg Ransom, on October 15th, 2009%

Organization economist Peter Klein on his thesis advisor Oliver Williamson.  I found this section of particular interest:

the black-box approach to the firm that [once] dominated neoclassical economics omits the critical organizational details of production. An equally serious omission is that production is typically treated as a one-stage process, in which factors are instantly converted . . . → Read More: Klein on Nobel Winner Oliver Williamson and Hayekian Economics

Comments are closed   Capital Theory, Oliver Williamson, Organizations
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The method of relying upon competition [to order our affairs], if it is to be made effective, requires a good deal of government activity directed toward making it effective and toward supplementing it where it cannot be made effective. — F. A. Hayek
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