Category Archives: Scientism

hayek: Scientific vs Pseudo-Scientific Approachs to Macroeconomics

Quotable: “If the market really achieves a utilization of more information than any participant in this market process possesses, the outcome must depend on more particular facts than the scientific observer can insert into his tentative hypothesis which is intended … Continue reading

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book: “Studies on the Abuse and Decline of Reason”

Quotable: “The Austrian economist Friedrich A. Hayek came to the London School of Economics as a visiting professor in fall of 1931, and secured a permanent position as the Tooke Chair of Economic Science and Statistics the following year. From … Continue reading

Posted in Road to Serfdom, Scientism, WWII | Comments Off on book: “Studies on the Abuse and Decline of Reason”