Category Archives: Local Knowledge

Stacy McCain Links to a Piece on Hayek & ObamaCare Because ..

“there is no such thing as “too much Hayek” … “ Here’s the link.  Let me also recommend this one. Elsewhere in the blogosphere, Nonoy Oplas updates the “Rule of Law” entry at Wikipedia.

Posted in Local Knowledge, Rule of Law | Comments Off on Stacy McCain Links to a Piece on Hayek & ObamaCare Because ..

How Complex is Barkley Rosser?

A look at Friedrick Hayek’s work on complexity theory from math complexity theorist Barkley Rosser (doc). For newbees, the article helpfully reviews a few important issues in the literature, brings attention to the work of Roger Koppl, and has a … Continue reading

Posted in Complexity Theory, Darwinian Biology, Local Knowledge | 3 Comments

interview: 1936 — Hayek’s Breakthrough Year

Hayek consistently asserted that the work of John Maynard Keynes was a retrograde throwback to the backward looking, pre-marginalist, objective cost, distributional thought of the classical British economists, a brand of thinking that had been smuggled into post-marginalist economics by … Continue reading

Posted in Alfred Marshall, Division of Knowledge, Interview, Keynes, Limits to Knowledge, Local Knowledge | Comments Off on interview: 1936 — Hayek’s Breakthrough Year

podcast: The Hayek-Knight Entrepreneur

Local knowledge, tacit understanding, and the Hayek-Knight entrepreneur vs. Schumpeter’s vision of the entrepreneur as hero and the Neoclassical vision of the entrepreneur as math function — a conversation with economist Amar Bhide. Highly recommended.  I particularly enjoyed the discussion … Continue reading

Posted in Entrepreneurship, Local Knowledge | Comments Off on podcast: The Hayek-Knight Entrepreneur