The particular occasion of this lecture, combined with the chief practical problem which economists have to face today, have made the choice of its topic almost inevitable. …

Continue Reading about The Pretense of Knowledge (Friedrich Hayek) →

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The particular occasion of this lecture, combined with the chief practical problem which economists have to face today, have made the choice of its topic almost inevitable. …

Continue Reading about The Pretense of Knowledge (Friedrich Hayek) →

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The slogan of the Econometric Society is the positivist statement: "Science is measurement." The society wishes to set up an exact mathematical science of economics to replace the supposedly inexact, …

Continue Reading about The Mathematical Treatment of Economic Problems (Ludwig von Mises) →