Abstract
Hayek's case for the limits of economic agents? knowledge does not, as Greg Hill seems to suggest, imply that government should be in the business of engaging in countercyclical fiscal policy or paternalistic corrections of people's pursuit of ?imaginary goods.? In the latter case, markets have corrective learning mechanisms for consumer mistakes. In the former, public?choice and public?ignorance problems plague government efforts to correct the business cycle. The problem of public ignorance is, in turn, Jeffrey Friedman's topic, but he is unfair in condemning Hayek's abandonment of this problem in order to develop his thesis that a ?planning mentality? was the source of the leftist ideas with which Hayek disagreed. Hayek was confronted by widely popular planning schemes that were endorsed by a great many of his colleagues, who were not ignorant of economics
Keywords No keywords specified (fix it)
Categories (categorize this paper)
DOI 10.1080/08913810608443666
Options
Edit this record
Mark as duplicate
Export citation
Find it on Scholar
Request removal from index
Revision history

Download options

PhilArchive copy


Upload a copy of this paper     Check publisher's policy     Papers currently archived: 69,018
External links

Setup an account with your affiliations in order to access resources via your University's proxy server
Configure custom proxy (use this if your affiliation does not provide a proxy)
Through your library

References found in this work BETA

Objective Knowledge: An Evolutionary Approach.Karl Raimund Popper - 1972 - Oxford, England: Oxford, Clarendon Press.
Objective Knowledge: An Evolutionary Approach.Karl Raimund Popper - 1972 - Oxford, England: Oxford University Press.
Law, Legislation and Liberty.F. A. Hayek - 1982 - Philosophy 57 (220):274-278.
The Road to Serfdom.Friedrich A. Hayek - 1945 - Ethics 55 (3):224-226.
The Counter-Revolution of Science. [REVIEW]W. J. H. Sprott - 1953 - British Journal for the Philosophy of Science 4 (15):246-248.

View all 11 references / Add more references

Citations of this work BETA

Taking Ignorance Seriously: Rejoinder to Critics.Jeffrey Friedman - 2006 - Critical Review: A Journal of Politics and Society 18 (4):467-532.
Imaginary Goods and Keynesian Kaleidics: Rejoinder to Caldwell.Greg Hill - 2006 - Critical Review: A Journal of Politics and Society 18 (4):391-398.

Add more citations

Similar books and articles

Hayek and Economic Ignorance: Reply to Friedman.Israel M. Kirzner - 2006 - Critical Review: A Journal of Politics and Society 18 (4):411-415.
Knowledge, Ignorance, and the Limits of the Price System: Reply to Friedman.Greg Hill - 2006 - Critical Review: A Journal of Politics and Society 18 (4):399-410.
Don't Shoot the Messenger: Caldwell's Hayek and the Insularity of the Austrian Project.Greg Hill - 2005 - Critical Review: A Journal of Politics and Society 17 (1-2):69-88.
Imaginary Goods and Keynesian Kaleidics: Rejoinder to Caldwell.Greg Hill - 2006 - Critical Review: A Journal of Politics and Society 18 (4):391-398.
Hayek: Cognitive Scientist Avant La Lettre.Leslie Marsh - 2010 - In William Butos, Roger Koppl & Steve Horwitz (eds.), Advances in Austrian Economics. Emerald.
Popper, Weber, and Hayek: The Epistemology and Politics of Ignorance.Jeffrey Friedman - 2005 - Critical Review: A Journal of Politics and Society 17 (1-2):1-58.
Hayek, Social Justice, and the Market: Reply to Johnston.Edward Feser - 1998 - Critical Review: A Journal of Politics and Society 12 (3):269-281.
Hayek on Social Justice: Reply to Lukes and Johnston.Edward Feser - 1997 - Critical Review: A Journal of Politics and Society 11 (4):581-606.
Was Hayek an Instrumentalist?Ryszard Legutko - 1997 - Critical Review: A Journal of Politics and Society 11 (1):145-164.

Analytics

Added to PP index
2013-11-23

Total views
16 ( #662,456 of 2,498,520 )

Recent downloads (6 months)
1 ( #426,098 of 2,498,520 )

How can I increase my downloads?

Downloads

My notes