podcast: The Hayek-Knight Entrepreneur

Calendar February 18, 2009 | Posted by Greg Ransom

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 of financial economics, securitized mortgages, and the ratings agencies.

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