Reflections on Ethics, Freedom, Welfare Economics, Policy, and the Legacy of Austrian Economics
December 2018! Austrian EconomicsEpistemologyfrederic sautetIsrael KirznerLiberalismliberalityPeter Boettke
December 2018! Austrian EconomicsEpistemologyfrederic sautetIsrael KirznerLiberalismliberalityPeter Boettke
The collected works of Israel Kirzner — coming soon. Here, by the way, is Pete Boettke on “Why Israel Kirzner Deserves a Nobel Prize“. Adam SmithAustrian Economicsdispersed knowledgeIsrael KirznerLudwig von MisesPeter Boettkepolitical economyPraxeologyrationalismsituated cognitionSpontaneous order
H/T to Steve Horwitz who has provided the introduction to FEE’s newly released ebook of Kirzner lectures/essays from various FEE events and publications. For Kirzner and the Austrians, however, the assumption of perfect knowledge heads economists off on a trail that is an intellectual dead-end. The real world of the market is one in which knowledge…
Some extracts from Thierry’s paper: Contemporary analysis usually divides games of chance into three dimensions. In Machina and Schmeidler’s (1992) terms, this division can be viewed based on the example of an urn containing 90 balls of different colors, out of which an agent pulls a ball, of which he must ex ante guess its…