friedrich hayek Archives

Adm. Mullen’s Spinning vs. Prof. Hayek’s Insight

Introduction In 1945, the flagship journal of the American Economic Review published one of the ten most important economics articles of the 20th century. Entitled “The Use of Knowledge in Society,” it was written by an Austrian economist named Friedrich Hayek. I deal with this article in every economics course I teach. (For the notes … Continue reading

Life in the USSA

Last week, the Washington Post ran an excellent three-part series on the growing national security state. The series, written by Dana Priest and William M. Arkin, was titled “Top Secret America,” and the articles were titled “A Hidden World, Growing Beyond Control,” “National Security, Inc.,” and “The Secrets Next Door.” This series, said the Post‘s … Continue reading

The Complexity Conundrum

Many years ago I read a science fiction story in which earthmen are conducting a war against a primitive people in a far distant star system: the natives, while less developed than their Terran overlords, were putting up quite a fight, and the colonizers, in an effort to stamp out the insurgency, launched an effort … Continue reading