The Socialist Calculation Controversy as the Starting Point of the Economics of Information
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The Socialist Calculation Controversy first raised the political problem of agent epistemology in the history of economics. The Cowles Commission, primarily comprising market socialists, sought to answer and refute Hayek and the neoliberals. The key point of contention was to determine what it meant for The Market to know something, which was unmistakably a political issue. This chapter lays the groundwork for the entrance of information considerations into neoclassical microeconomics.
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2018 ◽
Vol 25
(1)
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pp. 193-195
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1972 ◽
Vol 2
◽
pp. 16-19
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1972 ◽
Vol 2
◽
pp. 16-19
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