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

Follow FriedrichHayek on Twitter

Random Quote

No one has characterized market mechanisms better than Friedrich von Hayek. — Herbert Simon

خريد vpn خريد vpn خريد vpn خرید vpn آنلاین