Hayek saw economics as fundamentally about knowledge and information, how they are generated and transmitted. He considered prices and profits to be knowledge-conveying devices. Prices and profits convey information about the supply of and demand for goods, and the effectiveness of individuals in producing them. According to Wesley Clair Mitchell, one of the greatest teachers of economists in the first half of the 20th century, whose students included Hayek and Milton Friedman: "Men who are trying to make money are the servants of consumers — that is, of the whole society.
[T]he money economy gradually put the task of making goods under the direction of men who provided most efficiently what solvent consumers wished to buy, and whose continued leadership depended on maintaining their efficiency."
PJ Boettke - Edward Elgar Publishing, 1996 - papers.ssrn.com
In comparing Neoclassical economics with Austrian economics it is important to recognize
first and foremost that Austrian economics is historically a school within the broader tradition
of neoclassical economics. Austrian economics, unlike Institutionalism or Marxism or Post-
Keynesianism, is not heterodox in certain fundamental respects
https://www.la-articles.org.uk/lwa2.htm
Related topics include free will, weakness of will, the nature of moralising, intellectual property, restitution and retribution. Critical-rationalist epistemology (theories can only be tested, not justified) is applied throughout.
The consumer the ruthless arbiter.
Biden is failure mode. Marxism the ultimate politics of envy to tiny bubbles, the wasting, and now the crushing.
When ignored perestroika it did not ignore you.
Wed Oct 10, 2012 8:55 pm
Stalins view moving forward. 'perestroika' meant 're-shoeing' - as of a horse: that is to say,
not of the regime itself, but of the system's means to consolidate its power.
Mastery of human consciousness should be a paramount political objective.
The power you ignored is the fact you are decieved.
Again, they are explicitly trying to destroy the livelihoods of ordinary folk. Hendry
The disconnects are past staggering deception.
https://www.youtube.com/watch?v=1SEfwoqKRU8 subsidy thieves
We pulled capital out since they are simply ghost producers.
Functional input has been removed in that zone.
Decieved.