The F.A. Hayek Program for Advanced Study in PPE at @mercatus encourages research on the institutional arrangements that support free & prosperous societies.
Fairfax, VA
Joined May 2012
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Hayek Program retweeted
Is AI's rise a constitutional moment for governance? Paul Dragos Aligica with @HayekProgram and @mercatus argues classical liberals must help design AI's rules, not just react to them, drawing on Buchanan and Ostrom's constitutional political economy. buff.ly/1ALprvs
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Grateful to the great @ccoyne1 for kicking off our @tfas Austrian Economics Seminar this weekend. One theme of his talk was the marvel of the market as a process for peaceful cooperation and creative problem solving 🎉💡
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Hayek wrote across economics, political philosophy, social theory, and more. What ties it all together?
In Friedrich Hayek: A Very Short Introduction, @PeterBoettke, director of the F. A. @HayekProgram at Mercatus, and M. Scott King offer a unifying idea: how social coordination is possible without central command.
Learn more: bit.ly/4iuFkz9
Hayek Program retweeted
My class tonight was focused on Alchian and Becker… thecoordinationproblem.subst…
Hayek Program retweeted
Richard E. Wagner on His Formation and Reorientation as an Economist open.substack.com/pub/humane…
Hayek Program retweeted
You can now pre-order a copy of Rainbow Liberty, which is edited by @NathanPGoodman, @NovakMikayla, and me. If you’re interested in classical liberalism and the flourishing of minority communities, please check out this volume.
routledge.com/Rainbow-Libert…
Hayek Program retweeted
More on Degrowth open.substack.com/pub/markko…
Hayek Program retweeted
There was a recent post correctly pointing to Menger's revolutionary contribution to economics science. In 2022 I published a paper in the European Journal of History of Economic Thought discussing Menger and his continuing relevance.
tandfonline.com/doi/full/10.…
Hayek Program retweeted
I am fascinated by the inability of people to process the actual argument about market theory and the price system that Mises/Hayek/Kirzner/Lavoie were making and why the fundamental problem with socialism is neither an incentive issue nor a computational complexity argument. Of course, socialism must face those two problems, but the deeper problem is one of the generation of the knowledge in the first place, and the contextual nature of that knowledge. Remove the context, the knowledge isn't difficult to process, IT IS NOT THERE. As Buchanan once tried to convey -- the market order is defined in the process of its emergence, and this is an open ended and creative process. Mechanism design theory never had an answer to this, and still does not.
It is for this reason that i fundamentally do not understand leftist hostility to AI: it is the only currently plausible mechanism by which the classical Marxist objective of a wealthy industrial society based on a non-market economy could, potentially, be achieved.
cc’ @lenitiv
Hayek Program retweeted
@TheIHS @mercatus @IndependentInst @CatoInstitute @feeonline @reason @TFASorg Please share with your network and join the conversation. Next up David Schmidtz’s Living Together, with meet the author meeting late September.
econlib.org/product/no-due-d…
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Year 3, Day 1 @HayekProgram 🎉
Here’s to another year of learning and continuing the liberal tradition — and the first year of teaching! All under the supervision of Mises, of course.
Hayek Program retweeted
The Debt–Inflation Cycle and the Global Financial Crisis - Boettke - 2011 - Global Policy - Wiley Online Library… just saying it might be good for those in this admin to read Adam Smith on the 250th anniversary of The Wealth of Nations onlinelibrary.wiley.com/doi/…
Hayek Program retweeted
"Training and shaping a nation for war, without long-standing and well-trained militia, inevitably places democracies at risk. Shaping and training a nation for unanticipated war requires direction by those in command."
-Vincent Ostrom
gunsguardsandgovernance.subs…
ALT A soldier shrouded in darkness Text that reads: Shaping and Training a Nation for War Vincent Ostrom on how militarism "places democracies at risk"
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I've created a webpage (in addition to Canvas) for my new class Big Problem in PPEL: Challenges of the Twentieth Century markkoyama.github.io/teachin…
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Ryan's right that liberals should defend principles of liberty & equality, not just efficiency.
My @HayekProgram do this well. See @PeterBoettke's The Struggle for a Better World, @NovakMikayla's Liberal Emancipation & Freedom in Contention, @ccoyne1's In Search of Monsters.
ALT The cover of "The Struggle for a Better World" by Peter Boettke
ALT The cover of the book "Liberal Emancipation"
ALT The cover of Freedom in Contention
ALT The cover of "In Search of Monsters to Destroy: The Folly of American Empire and the Paths to Peace" by Christopher J. Coyne
Hayek Program retweeted
Yes, I did write this with Prof Heilbroner, I was at NYU at the time, and I guess by the time it appeared I had moved to GMU. Prof Heilbroner was a wonderful man, though we had big differences. If I understand this entries history it was first written by Galbraith.
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The SEP entry on Hayek was written by David Schmidtz originally and then Dave asked me to join him in subsequent revisions over the past decade. I am glad this is part of SEP. I hope readers might want to explore my 2018 book on Hayek (if interested write me at my gmu email). I also hope it might create enough interest that readers will be alert to the Oxford VSI I wrote with Scott King which will be published in 2027.
Hayek Program retweeted
My chapter on future of liberalism highlights the liberal aspiration for a permanent peace. What might be the institutional configuration to deliver on Kant’s aspirations of (a) strangers nowhere in this world, and (b) a permanent peace.
Now available for FREE on Amazon (on kindle) - The Routledge Handbook of Classical Liberalism, with many excellent chapters, including one from @PeterBoettke
amazon.com/dp/B0H9Z9LZK6?ref…
