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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I prefer Hayek bias, for what he explains here:
view on www.youtube.comThat'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.
I haven't read as much Hayek, but I do find his thoughts about knowledge and spontaneous order really interesting.
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.
What's your favorite Hayek work? If I haven't read it already, I'll bump it up on my reading list.
I like this one for being pretty comprehensive on his work:
https://en.wikipedia.org/wiki/Individualism_and_Economic_Order
Ok, that's not even one I was familiar with.
Hope that might make it more interesting for you :)
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
I love his accent XD
"A hard head makes for a sore ass." -- Somebody's parent
I feel like that has other possible meanings.
It has to do with Taoism too, isn't?
Sure, let's say that's what I was thinking.
The ways of mamma are many.
This is so true! Human ignorance is the only thing which has given way to inferior fiat rule over the world!
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!