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Friedrich Hayek
economist · 7 mentions across 5 readings
In this course
Hayek's account of prices as information systems appears in this course primarily through the lens of cybernetic and computational critique: the readings use him to represent a libertarian faith in decentralized, market-based coordination that allegedly eliminates the need for explicit governance. His influence on right-wing discourse and figures like Reagan and Thatcher matters here because the seminar is investigating how seemingly neutral systems of standardization and transaction (platforms, algorithms, grids) actually concentrate power while claiming to distribute it through price signals and distributed knowledge. The course positions Hayek's anti-government philosophy as an intellectual foundation for cybernetic utopianism that obscures the real concentrations of capital and control embedded in supposedly open systems.
Background
Friedrich August von Hayek was an Austrian economist and philosopher. He is known for his contributions to political economy, political philosophy and intellectual history. Hayek shared the 1974 Nobel Memorial Prize in Economic Sciences with Gunnar Myrdal for work on money and economic fluctuations, and the interdependence of economic, social and institutional phenomena. His account of how prices communicate information is widely regarded as an important contribution to economics that led to his receiving the prize. He was a notable member of the Austrian school of economics.
Wikipedia →Mentioned in 5 readings
The rational procedure in perception would be to estimate the final (a posteriori) probabilities by means of Bayes’ theorem, and then perhaps to select one or more hypotheses for future consideration or action, by allowing also for the util…Wisdom (not J. O. Wisdom) emphasized that we call an object a cow if it has enough of the properties of a cow, with perhaps no single property being essential. The need to make this interpretation of meaning more quantitative and probabilis…
Appears alongside
People mentioned in the same passages — sorted by co-occurrence weight.
Milton Friedman 2Murray Rothbard 2Ronald Reagan 2Ada Lovelace 1Charles Babbage 1John Maynard Keynes 1John Wilkins 1Vint Cerf 1Chip Berlet 1Claire Conner 1David Friedman 1Jill Lepore 1Ludwig von Mises 1Margaret Thatcher 1Mark Ames 1Matthew Lyons 1Michael Perelman 1Philip Mirowski 1Rand Paul 1Ron Paul 1Sara Diamond 1Max Weber 1Thomas Hobbes 1Donald MacKay 1Franz Joseph Gall 1Middleton 1Thomas Bayes 1William McDougall 1John Oulton Wisdom 1Alain Minc 1