Economics and Knowledge

  • Friedrich August von Hayek
Keywords: Economy, Knowledge, Objective and Subjective Data, Absorption of Knowledge

Abstract

The author develops arguments to criticize the view that the equilibrium models mentioned by conventional economic theory are appropriate to reality. His argument shows the subjectivity inherent in the social science phenomena and shows the limitations of economic science, imposed both by the lack of complete knowledge and by its dispersion in society.

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Published
2015-06-01
How to Cite
1.
Hayek FA von. Economics and Knowledge. MisesJournal [Internet]. 2015Jun.1 [cited 2021Jan.21];3(1):55-0. Available from: https://misesjournal.org.br/misesjournal/article/view/715
Section
Economics, Methodology and Praxiology