On F.A. Hayek's "The Use of Knowledge in Society" (1945) and Amartya Sen's On Ethics and Economics (1987). Is economics a pseudoscience? Certainly, trying to model a phenomenon mathematically and so predict, for example, the consequences of proposed legislation is better than acting blindly, but given the complexity of the system, are the simplifications required to create a Continue Reading …
Episode 123: Economics with Hayek and Sen (Citizen Edition)
On F.A. Hayek's "The Use of Knowledge in Society" (1945) and Amartya Sen's On Ethics and Economics (1987). Is economics a pseudoscience? Certainly, trying to model a phenomenon mathematically and so predict, for example, the consequences of proposed legislation, is better than acting blindly, but given the complexity of the system, are the simplifications required to create Continue Reading …
Precognition of Ep. 123: Economics (F.A. Hayek and Amartya Sen)
Guest Seth Benzell outlines Hayek's "The Use of Knowledge in Society" (1945) and Sen's On Ethics and Economics (1987). Listen to this before jumping into the full discussion. Read more about the topic and get the texts. Continue Reading …
Topic for #123: F.A. Hayek and Amartya Sen on Assumptions of Economics
On 8/17/15, Mark, Seth, and Wes were joined by Boston University economics grad student and long-time PEL fan Seth Benzell to talk about two texts: “The Use of Knowledge in Society” by F.A. Hayek (1945) and On Ethics and Economics by Amartya Sen (1987). Go listen to Seth Benzell's introduction for a straight-up summary of the two essays and how they relate. Seth Paskin Continue Reading …