Of Interest to All Market Process Economists

by Gene Callahan Dan Klein responds, on the meaning of economic coordination, mostly to Israel Kirzner, and secondarily to several others, including me. Here is Klein's abstract: The Fall 2010 issue of the Journal of Private Enterprise featured a complicated set of papers. The lead article was a long paper by Jason Briggeman and me, … Continue reading Of Interest to All Market Process Economists

Hayek after 35 Years

by Jerry O’Driscoll   Today I reread F. A. Hayek’s Nobel Lecture, “The Pretence of Knowledge.”  Hayek was awarded the Nobel Memorial Prize in 1974 and delivered his lecture on December 11, 1974. I was amazed at how modern it was, and appropriate once again for the times.   The 1970s were terrible times: stop-go demand management … Continue reading Hayek after 35 Years