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Emily Chamlee-Wright on The Economic Way Of Thinking & The Messiness Of The Social World

Hayek Program Podcast

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The Problem of Complex Social Phenomenas

Austrian economics really try to wrestle with like processes of complex social learning. It's too complicated to start thinking about that phenomena in the context of a racehorse one puzzle piece can't be pitted against another puzzle piece as being the winner as being the thing that explains it because one puzzle piece is fundamentally dependent on other puzzle pieces moving into an environment where those puzzle pieces are interpretive beings. We gain so much more by understanding what is shaping the perspective of the decision makers inside this political economy puzzle than we do if we step out and see from aerial view.

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