5 – In all things, Mises was only half right, which is the problem we fall into whenever we cherry pick what we measure. Hayek started with cognition, and worked through economics, and finally understood behavioral capital was created by TORT LAW, and all else was a consequence.
Source date (UTC): 2018-03-17 00:06:14 UTC
Original post: https://twitter.com/i/web/status/974799032559325185
Reply addressees: @FriedrichHayek @BobMurphyEcon
Replying to: https://twitter.com/i/web/status/974765006825832449
IN REPLY TO:
@FriedrichHayek
I’m rather shocked at how many fundamental mistakes @BobMurphyEcon makes in this article on Hayek, knowledge, Mises, and calculation. Stunned actually. https://t.co/rn3JZED9pi
Original post: https://twitter.com/i/web/status/974765006825832449
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