Knox's Vote: Mises 1, Hayek 0

"But it is not the complexity of the field of human conduct which makes difficult the actual application to a given situation of an economic generalization; it is, as we have seen, the essential unpredictability of human conduct, the unforeseeable novelty which human ingenuity ceaselessly imports into the world of its creation." -- T.M. Knox, "The Study of Economic Activity," Philosophy, 1936

Comments

Popular posts from this blog

Libertarians, My Libertarians!

"Pre-Galilean" Foolishness