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Economics with Hayek and Sen (Part Two)
Continuing our discussion of Amartya Sen's On Ethics and Economics (1987) with galore comparisons to F.A. Hayek and his essay "The Use of Knowledge in Society" (1945), with visiting Seth Benzell.
We effort to penetrate Sen's difficulties with the assumptions of welfare economics: Are business very highbrow maximizers of same-pastime? Don't we got
to pay tending to philosophic difficulties in ethics if we're arduous to maneuver out policies to maximize advantageous in society? Also, do the two manoeuvres truly (based on what we intact) disagree as practically
as their characterizations as Hayek the libertarian and Sen the finest against poverty would suggest?