The F.A. Hayek Program for Advanced Study in PPE at @mercatus encourages research on the institutional arrangements that support free & prosperous societies.
Fairfax, VA
Joined May 2012
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Hayek Program retweeted
Pauline Dixon ncl.ac.uk/ecls/people/profil… has consistently unearthed the hidden order found in the informal sector throughout the world: Africa, India, China, etc. And in the area of health, education, and human services. She is brilliant, engaging, and a passionate advocate for the dignity and respect of ordinary individuals.
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Don Lavoie is a name that should be more widely remembered among liberal political economists. His life sadly was cut short by cancer, yet his legacy lived on in his students as well as the record of his written work. Last night one of those former students of Don - Virgil Storr - delivered a brilliant talk on Markets as Emancipators. Don stressed this point in his teaching and in personal conversation. I discuss this in my The Struggle for a Better World as well. Virgil’s talk was perhaps the best example I have seen delivering the core Lavoie message about markets as liberators from oppression.
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Is AI's rise a constitutional moment for governance? Paul Dragos Aligica with @HayekProgram and @mercatus argues classical liberals must help design AI's rules, not just react to them, drawing on Buchanan and Ostrom's constitutional political economy. buff.ly/1ALprvs
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Grateful to the great @ccoyne1 for kicking off our @tfas Austrian Economics Seminar this weekend. One theme of his talk was the marvel of the market as a process for peaceful cooperation and creative problem solving 🎉💡
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Hayek wrote across economics, political philosophy, social theory, and more. What ties it all together?
In Friedrich Hayek: A Very Short Introduction, @PeterBoettke, director of the F. A. @HayekProgram at Mercatus, and M. Scott King offer a unifying idea: how social coordination is possible without central command.
Learn more: bit.ly/4iuFkz9
Hayek Program retweeted
My class tonight was focused on Alchian and Becker… thecoordinationproblem.subst…
Hayek Program retweeted
Richard E. Wagner on His Formation and Reorientation as an Economist open.substack.com/pub/humane…
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You can now pre-order a copy of Rainbow Liberty, which is edited by @NathanPGoodman, @NovakMikayla, and me. If you’re interested in classical liberalism and the flourishing of minority communities, please check out this volume.
routledge.com/Rainbow-Libert…
Hayek Program retweeted
More on Degrowth open.substack.com/pub/markko…
Hayek Program retweeted
There was a recent post correctly pointing to Menger's revolutionary contribution to economics science. In 2022 I published a paper in the European Journal of History of Economic Thought discussing Menger and his continuing relevance.
tandfonline.com/doi/full/10.…
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I am fascinated by the inability of people to process the actual argument about market theory and the price system that Mises/Hayek/Kirzner/Lavoie were making and why the fundamental problem with socialism is neither an incentive issue nor a computational complexity argument. Of course, socialism must face those two problems, but the deeper problem is one of the generation of the knowledge in the first place, and the contextual nature of that knowledge. Remove the context, the knowledge isn't difficult to process, IT IS NOT THERE. As Buchanan once tried to convey -- the market order is defined in the process of its emergence, and this is an open ended and creative process. Mechanism design theory never had an answer to this, and still does not.
It is for this reason that i fundamentally do not understand leftist hostility to AI: it is the only currently plausible mechanism by which the classical Marxist objective of a wealthy industrial society based on a non-market economy could, potentially, be achieved.
cc’ @lenitiv
Hayek Program retweeted
@TheIHS @mercatus @IndependentInst @CatoInstitute @feeonline @reason @TFASorg Please share with your network and join the conversation. Next up David Schmidtz’s Living Together, with meet the author meeting late September.
econlib.org/product/no-due-d…
Hayek Program retweeted
Year 3, Day 1 @HayekProgram 🎉
Here’s to another year of learning and continuing the liberal tradition — and the first year of teaching! All under the supervision of Mises, of course.
