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Knowledge in economics: Game-Theoretic Versus Market-Process: A Review Article

Discusses C. Bicchieri, Rationality and Coordination, and E. F. Thomsen, Prices and Knowledge: A Market-Process Perspective. The different research programmes, one theoretical and one ideological, have their roots in two articles by Hayek on knowledge in economic theory. Both his arguments present t...

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Bibliographic Details
Published in:Scottish journal of political economy 1998-11, Vol.45 (5), p.604-613
Main Author: Boland, Lawrence A.
Format: Article
Language:English
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Summary:Discusses C. Bicchieri, Rationality and Coordination, and E. F. Thomsen, Prices and Knowledge: A Market-Process Perspective. The different research programmes, one theoretical and one ideological, have their roots in two articles by Hayek on knowledge in economic theory. Both his arguments present theoretical problems. Explores methodological issues in dealing with knowledge assumptions in economic theory demonstrated in the different approaches of these two works. Review article. (Quotes from original text)
ISSN:0036-9292
1467-9485
DOI:10.1111/1467-9485.00115