May 8 marked the 124th anniversary of the birth of F. A. Hayek, the 1974 Nobel-winning economist of the Austrian school. (He died in 1992.) That makes it a good time to acknowledge one of his many contributions, his epistemic case for the free and competitive market...
It is not a criticism of reason to acknowledge that no reasoning person or group can have a synoptic view of the world or of society that would enable him or it to rationally plan everything. The faculty of reason is packaged within individual human beings, and no...
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