Pioneers of information economics like Joseph Stiglitz tend to neglect the Hayekian role of prices in conveying information and directing behavior in socially beneficial ways—a 'silo problem' where information theorists either consider that role already established or are not persuaded by it.
causalpending
Speaker
David HendersonEvidence Quote
“the whole idea from Friedrich Hayek that just the power of prices in directing behavior in a socially beneficial way”
Created: 6/16/2026, 3:03:17 PM
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