Notes on Hayek's "The Pretense of Knowledge" (1974)

- political economy

Key Takeaways:

Most recent example where I see all this playing out in current affairs: Nixon-era effort to increase food production towards stamping out hunger led to the subsidization of corn and Big Farming and the creation of high-fructose corn syrup.

What is the scientistic error?

Why don’t methods from the physical sciences work when applied to influencing the social order?

What makes the physical sciences different from the social sciences?

Impact of scientistic error?

What is the chief cause of unemployment, to Hayek?

Impact of “scientistic” policies:

To Hayek, why didn’t most economists see it this way?