BIRNER, Jack - In: Cahiers d’économie politique / Papers in Political … (2006) 51, pp. 109-138
The perception of individuals plays a central role in the business cycle theory that Hayek developed in the 1930s. Yet it does not make use of the psychology of perception which he had worked out in 1920, and which was published in 1952 as The Sensory Order. Is this a paradox? No! The Sensory...