May 2019

Sun Mon Tue Wed Thu Fri Sat
      1 2 3 4
5 6 7 8 9 10 11
12 13 14 15 16 17 18
19 20 21 22 23 24 25
26 27 28 29 30 31  
Blog powered by Typepad

« Two Recent Publications Available Online | Main | The Harmony of Interests in Practice »


Feed You can follow this conversation by subscribing to the comment feed for this post.

Hayek elaborates on these issues in his _Law, Legislation & Liberty", see, e.g. were Hayek discusses the issue of "rationality".

Mises writes:

"A merchant’s qualities are not the property of a person depending on inborn aptitude…The entrepreneur’s commercial attitude and activity rises from his position in the economic process and is loss with its disappearance."

"that all that's good in modern economics can be found in Mises."

1- But much of the "good in modern economics" will be found in a more crude form. Like the fact that in some way, much of modern economics can be seen in Smith's work.

2- Also, it appears that the ecological rationality concept is related to the knowledge problem: Without the intellectual division of labor that is manifested in the price system, decision makers with limited knowledge cannot act in a rational way from the point of view of an omniscient observer.

"... is not a product of our innate skills or training or anything "inside" of us, but instead the institutional context we find ourselves in."

If I recall correctly Scott Beaulier and I discuss this view of Mises in our piece on the evolution and emergence of property rights, published a few years ago in RAE. Calculative rationality cannot exist without private property rights and their relative prices. Prior to their emergence, there was no economic rationality as we know it. Destroy private property rights, and economic rationality as we know it is also destroyed.

... if it wasn't published there, then it might have been the paper on Habermas that Virgil and I published in the Cambridge Journal of Economics.

Or maybe I simply dreamt about this a few years ago. It really doesn't matter anyway.

The pope should read Mises.

I'd be thrilled if the pope read Schillebeckx.

... that is, re-read Schillebeeckx.

My favorite heretical Catholic theologian is Pierre
Teilhard de Chardin. He sounds just like Henri Bergson.

Chardin is fascinating. But he has this sense that time's arrow is heading toward a telos out there.

One of my teachers was interested to hear that I enjoyed "The Phenomenom of Man" and the next day he lent me Peter Medawar's collection of essays "The Art of the Soluble" including a scintillating critque of the "The Phenomenono".

Still, I liked the idea of the "thinking envelope", the "noosphere" and was pleased when a more scientifically respectable form of the idea turned up as the "third world" of objective knowledge when Popper chanelled Brentano, Frege and Meinong.

A very interesting piece of intellectual history

Boulding tried to further develop Teilhard's notion of the noosphere in The Image and elsewhere. One can read that in a Hayekian manner.

Also, I agree that Popper's Third World notion is a nice contribution.

The comments to this entry are closed.

Our Books