Episode 123: Economics with Hayek and Sen (Intro by Seth Benzell)

From The Partially Examined Life Philosophy Podcast Mark Linsenmayer, Wes Alwan, Seth Paskin, Dylan Casey

On F.A. Hayek's "The Use of Knowledge in Society" (1945) and Amartya Sen's On Ethics and Economics (1987). Is economics a pseudoscience? Are its assumptions by necessity too over-simplifying? Hayek objects to the idea of planning an economy, because the planners aren't in a position to know enough. With guest Seth Benzell, who starts us off with a "precognition" of the material.

End song: "People Who Throw Away Love" by Mark Lint from The Cheese Stands Alone.

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