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Lawrence W. Reed

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Egonomics.jpg

Egonomics in One Lesson →

April 16, 2019

After Adam Smith and the Enlightenment, the pseudo-science of Egonomics gave way to the genuine science of Economics. To apply Hayek again, this time with a little license, the curious task of Egonomics was to fool men into believing far more than they know about what they dreamed they could plan, whereas “it’s the curious task of Economics to demonstrate to men how little they really know about what they imagine they could design.”

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