Mechanism Design and Hayek’s Challenge for a Liberal Economic Order
This conference provided an opportunity to discuss the implications of mechanism design within the theoretical context of Mises’s and Hayek’s contributions to the socialist calculation debate, as well as the applied contexts of experimental economics, auction theory, and the allocation of the electromagnetic spectrum in the United States and Guatemala.
From Liberty Fund
By Ludwig von Mises
Translated by J. Kahane
Foreword by F. A. Hayek
More than thirty years ago F. A. Hayek said of Socialism: “It was a work on political economy in the tradition of the great moral philosophers, a Montesquieu or Adam Smith, containing both acute knowledge and profound wisdom. . . . To none of us young men who read the…
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