Category Archives: Local Knowledge
“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.
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
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
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