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072: Friedrich A. Hayek - That Entrepreneurial Knowledge is Situational and Commonsensical, Not Scientific

072: Friedrich A. Hayek - That Entrepreneurial Knowledge is Situational and Commonsensical, Not Scientific

FromEconomic Rockstar


072: Friedrich A. Hayek - That Entrepreneurial Knowledge is Situational and Commonsensical, Not Scientific

FromEconomic Rockstar

ratings:
Length:
19 minutes
Released:
Feb 11, 2016
Format:
Podcast episode

Description

In this essay, I present a personal essay based on the work of Hayek, most notably concerning his thoughts and discussion on how knowledge cannot be scientifically calculated for use within a centrally planned organisation, which is argued in his own essays 'The Use of Knowledge in Society' (1968) and 'Competition as a Discovery Procedure' (1984). 
 
Check out the show notes page to this episode at economicrockstar.com/hayek where you can receive a transcript of the essay as well as the links to all of the references mentioned during the episode.
Released:
Feb 11, 2016
Format:
Podcast episode

Titles in the series (100)

Economic Rockstar is created for you, the economist, financial analyst, teacher or student. If you are looking to expand your knowledge in economics and finance, Frank Conway delivers the information you just don't want to miss. Economic Rockstar brings to you each week an economist, financial analyst or business leader who shares their experiences, research interests or ideas. Hear their views on different schools of economic thinking - Chicago, Austrian, Keynesian and Classical, behavioral economics, stock markets, and how economics and finance can be used in our everyday lives. Economic Rockstar interviews top-level lecturers and academics from highly renowned universities, best-selling authors and bloggers, inspirational CEOs and business leaders, as well as amazing and thought-provoking people who have recently discovered economics and finance and are carving out a career in their new-found passion. Guests in each episode gives us wonderful advice, takeaways and insights that will help you become part of the Economic Rockstar community which is 'Connecting Brilliant Minds in Economics and Finance'.