Ideas of India

Peter J. Boettke on Austrian Economics and the Knowledge Problem

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Jul 19, 2023
Peter J. Boettke discusses Hayek's economics, AI limitations in solving knowledge problems, challenges of socialist calculation, dynamic markets, entrepreneurship, role of prices in economy, human vs. computer adaptability, value-based food choices, technology intersecting human cognition, knowledge acquisition in economics, and benefits of diversity and decentralization in society.
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