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Whatever F.A. Hayek meant by "knowledge" could not have been the justified true belief conception common in the Western intellectual tradition from at least the time of Plato onward. In this brief note, I aim to uncover and succinctly state Hayek's unique definition of knowledge.
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Austrian theory of dynamic efficiency are consistent to enhance economic development. Their argument focuses on two issues: (a …) the existence of circular reasoning in the Austrian theory of dynamic efficiency, and (b) dynamic efficiency and full …-communist criteria, the Austrian theory of dynamic efficiency argues that to impede private property rights is to remove the most …
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