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Friedrich Hayek and James Buchanan: Pattern Prediction and Scientism

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Published on Nov 30, 2010

In this Free To Choose Network archival footage, Friedrich Hayek and James Buchanan discuss one of the most important theoretical problems of economics. Drawing from insights in biology and beyond, both seem to think that current economic theory is rife with problems. Those problems terminate in missing the Austrian insight. If they are right, much of today's economics is mere scientism.

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