Tuesday, June 06, 2017

A Genius at Work


For my forthcoming paper "Hayek and Oakeshott on Rationalism," I have been re-reading their works, and just finished "Economics and Knowledge." Although my paper votes for Oakeshott in evaluating the two thinkers' views on rationalism, I have to say that "Economics and Knowledge" is an absolutely brilliant paper: perhaps among the ten greatest papers ever produced in the social sciences. Hayek just brings wonderful clarity to the problem of what, exactly, equilibrium analysis does and does not accomplish.

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