4 ms·
Look up Hayek on the pretense of knowledge in economics.
by tanzbaer 7y ago
Look up Hayek on the pretense of knowledge in economics.
- SquishyPanda23 7y agoHayek isn't particularly well regarded as an economist, even among those that love his politics. See e.g. Milton Friedman's comments about how flawed Hayek's economics are and how great Road to Serfdom is. So my take on that speech is it's political rather than scientific. In general I'm skeptical of arguments that something is unknowable unless they come with a rigorous proof or at least a well stated conjecture that has stood the test of time.