June 4, 2007

Market Design As Applied Hayekian Insight

Michael Giberson [PREAMBLE: This post is a follow-up to Lynne’s recent post, “Reconciling A Hayekian/Organic Approach With ‘Designing’ Markets.” If you haven’t already read it, I recommend reading it first. Otherwise, when I get to the part of my post where I say, “I liked D. F. Linton’s question and I liked Lynne’s answer, too,” …

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Reconciling A Hayekian/organic Approach With “Designing” Markets

Lynne Kiesling In the comments to my carbon market post from Friday, D. F. Linton asks this very good question: How does one invoke Hayek in one breath and the speak of “designing” a market in the next while keeping a straight face? Good question, and one I struggle with every day as an economist …

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