2009年11月25日星期三

今日佳句091125

Mario Rizzo listed some themes of Austrian Economics:

  1. The subjective, yet socially embedded, quality of human decision making;
  2. The individual’s perception of the passage of time (‘real time’);
  3. The radical uncertainty of expectations;
  4. The decentralization of explicit and tacit knowledge in society;
  5. The dynamic market processes generated by individual action, especially entrepreneurship;
  6. The function of the price system in transmitting knowledge;
  7. The supplementary role of cultural norms and other cultural products (‘institutions’) in conveying knowledge;
  8. The spontaneous – that is, not centrally directed – evolution of social institutions.

Or should I say, the most important themes of Austrian Economics?

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