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Epistemic arguments play a significant role in Hayek's defense of market liberalism. His claim that market competition is a discovery procedure that serves the common good is a case in point. The hypothesis of the markets' efficient use of existing knowledge is supplemented by the idea that...
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Epistemic arguments play a significant role in Hayek's defense of market liberalism. His claim that market competition is a discovery procedure that serves the common good is a case in point. The hypothesis of the markets' efficient use of existing knowledge is supplemented by the idea that...
Persistent link: https://www.econbiz.de/10009126110
Wissensverarbeitung, das dem Wettbewerb wichtige gesell-schaftspolitische Funktionen zuschreibt. In seinen späteren Schriften hat er … herausgear-beitet, wie wichtig der Wettbewerb ist, um moralische Widerstände gegen nötige An-passungen an veränderte …
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