seminar: Ransom on Hayek 3

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

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Friedrich Hayek (1952) was the first to propose the representation of percepts and memories in large-scale cortical networks of the kind proposed in [my own work]. — Joaquin Fuster

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