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Danny Quah

Hayek’s Legacy

Mises Daily

Author: Danny Quah

Online Publish Date: October 17, 2008

[This article is excerpted from the preface to Prices and Production and Other Works by F.A. Hayek.] Economics never labels anything any more. Well, more accurately, it does; only now it hardly ever uses labels formed from people’s names. In part, this is due to the smorgasbord approach to ideas taken by economics. Like many other academic

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