VABALOG

Archive for november 19th, 2009

Edmund Phelps kapitalismi moraalsest mõõtest

The contribution of the Austrian economist Friedrich von Hayek was to take adventurous, risk-taking entrepreneurs and situate them in the context of a modern kind of economy, where information and expertise begin with the people on the spot and flow upward. No state agency, he argued, could possibly gather the information and knowledge required to […]