Hayek's Political Economy draws many of Hayek's insights together by locating them within newly emerging methodological perspective of critical realism and by scrutinizing the phenomena of knowledge and ignorance. Steve Fleetwood argues that understanding how agents communicate knowledge and cope with ignorance leads directly to a focus upon social rules which is essential in addressing the question of order, and he illustrates how it is possible to abandon the notion of equilibrium without falling into analytical anarchy.
Author / Editor: Steve Fleetwood
Category: Economics
ISBN: 0203434374
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