Ayn Rand on F. A. Hayek
Is Austrian economics consistent with freedom and capitalism?
"According to this theory, rules, norms and practices evolve in a process of natural selection operating at the level of the group. Thus, groups that happen to have more efficient rules and practices tend to grow, multiply, and ultimately displace other groups. The theory, of which Hayek himself was proud, is on all accounts central to his economic, social, and political project. In the present paper, I explore the history of this theory of cultural evolution." (Emphasis Added)
http://institutoamagi.org/download/An...
The History of Hayekâs Theory of Cultural Evolution, Erik Angner
Dept. of History and Philosophy of Science
"According to this theory, rules, norms and practices evolve in a process of natural selection operating at the level of the group. Thus, groups that happen to have more efficient rules and practices tend to grow, multiply, and ultimately displace other groups. The theory, of which Hayek himself was proud, is on all accounts central to his economic, social, and political project. In the present paper, I explore the history of this theory of cultural evolution." (Emphasis Added)
http://institutoamagi.org/download/An...
The History of Hayekâs Theory of Cultural Evolution, Erik Angner
Dept. of History and Philosophy of Science
SOURCE URL: https://www.youtube.com/watch?v=GXJX9StfE1g
