By Djordje Bokun
While F.A. Hayek saw human ignorance as the basis for what he called spontaneous order, Ludwig von Mises saw human reason as the basis for praxeology.
This article is about the philosophical underpinnings of Austrian Economics.
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59 sats \ 4 replies \ @987654321 4 Jul 2024
"A hard head makes for a sore ass." -- Somebody's parent
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27 sats \ 3 replies \ @Undisciplined OP 4 Jul 2024
I feel like that has other possible meanings.
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48 sats \ 1 reply \ @didiplaywell 5 Jul 2024
It has to do with Taoism too, isn't?
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30 sats \ 0 replies \ @Undisciplined OP 5 Jul 2024
Sure, let's say that's what I was thinking.
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0 sats \ 0 replies \ @987654321 4 Jul 2024
The ways of mamma are many.
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60 sats \ 0 replies \ @Coinsreporter 4 Jul 2024
This is so true! Human ignorance is the only thing which has given way to inferior fiat rule over the world!
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38 sats \ 0 replies \ @Satosora 6 Jul 2024
I think this quote really sums up a lot of what is happening in the USA.
"The dangers and destructiveness of state interventionism."
The ignorance that our government is there to help us has really made our standard of living lower!
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38 sats \ 8 replies \ @didiplaywell 4 Jul 2024
I prefer Hayek bias, for what he explains here:
That's not to say that ignorance is good, but reason alone is no guaranty. What I think is the key difference is the principles we are taught, our code, or religion if you like.
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27 sats \ 5 replies \ @Undisciplined OP 4 Jul 2024
I haven't read as much Hayek, but I do find his thoughts about knowledge and spontaneous order really interesting.
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38 sats \ 4 replies \ @didiplaywell 5 Jul 2024
He is the final master to me. Though his theory is unfinished, he correctly showed what path of abstraction to follow. Brilliant man for not knowing other fields and still arriving to conclusions pretty universal to nature.
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20 sats \ 3 replies \ @Undisciplined OP 5 Jul 2024
What's your favorite Hayek work? If I haven't read it already, I'll bump it up on my reading list.
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38 sats \ 2 replies \ @didiplaywell 5 Jul 2024
I like this one for being pretty comprehensive on his work:
https://en.wikipedia.org/wiki/Individualism_and_Economic_Order
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20 sats \ 1 reply \ @Undisciplined OP 5 Jul 2024
Ok, that's not even one I was familiar with.
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10 sats \ 1 reply \ @Bell_curve 4 Jul 2024
Ignorance reason and humility
The fatal conceit and the pretence of knowledge
Firing Line with Bill Buckley!
Hayek speaks with a stereotypical German accent straight out of central casting lol
A just distribution is impossible to achieve
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17 sats \ 0 replies \ @didiplaywell 5 Jul 2024
I love his accent XD
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