Some Thoughts on Hayek, Wittgenstein and How to NOT to ‘Model’ Language or the Price System

Hayek had a single theme from his 1928 book to his writings and interviews at the end of his life — math constructs *fail* to capture the imperfect *signal* function of prices and the imperfect learning, judging and discovery role of real human beings.

And a simple joke made by a senior LSE faculty . . . → Read More: Some Thoughts on Hayek, Wittgenstein and How to NOT to ‘Model’ Language or the Price System

Hayek & Wittgenstein — The Parallel Rejection of Formal Modeling as a Proxy for Capturing the Significance of Language or the Causal Mechanism of the Economic Process

Academics attempting to make sense of the significance of words & logical implication had a framework for doing so exactly parallel to that of economists attempting to make sense of the significance of prices & the implication of prices for distribution.

In fact, both modern programs in their mature form came out the the same . . . → Read More: Hayek & Wittgenstein — The Parallel Rejection of Formal Modeling as a Proxy for Capturing the Significance of Language or the Causal Mechanism of the Economic Process

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I have always regarded myself as a living refutation of the contention that all thinking takes place in words or generally in language. — F. A. Hayek

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