Category Archives: Tweets
“The general fact that booms have always appeared with a great increase of investment, a large part of which proved to be erroneous [is part of the basis for asserting that expectations regarding the future can be systematically mistaken].” — … Continue reading
Read the story here.
The paper can be downloaded here. ABSTRACT — “Myopia and Optimal Growth: A Rational Reconstruction of F.A. Hayek’s Capital Theory” by Arash Molavi Vasséi, U. of Hohenheim: This paper provides a systematic translation of F.A. Hayek’s informal exposition of capital … Continue reading
An important new paper from philosopher Edward Feser.
(htlm link problems will be fixed when I am able to troubleshoot the issue) A central part of Hayek’s macroeconomics has not gotten enough attention (although it has http://hayekcenter.org/?p=2954 has not been completely ignored; see also http://zerohedge.blogspot.com/2009/05/chasing-shadow-of-money.html In several places … Continue reading
From Brian Doherty.