Michael Clark

mclark4@gmail.com

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Feature

The Economist Who Said Maybe

The answer to most economic questions begins with “I don’t know”

MARCH 21, 2014 by MICHAEL CLARK

Humility is the most crucial lesson of economics; the power of spontaneous order in the market always outpaces what any individual can imagine.

CURRENT ISSUE

November 2014

It's been 40 years since F. A. Hayek received his Nobel Prize. His insights, particularly on the distribution of knowledge and the impossibility of economic planning, remain hugely important today. In this issue, we look back on the influence of his work. Max Borders and Craig Biddle debate whether liberty must be defended from one absolute foundation, further reflections on Scottish secession, and how technology is already changing our world for the better--including how robots, despite the unease they cause, will only accelerate this process.
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