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Legal scholars and economists alike have been quite critical of F. A. Hayek’s legal theory. According to Richard Posner, Hayek’s legal theory is “formalist” and serves as a useless guide for legal scholars and judges. Alan Ebenstein claims that Hayek’s arguments in technical economics...
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An important question for any researcher who wishes to revisit the socialist calculation debate is: Why beat a dead horse? With the collapse of the communism in 1991, other than for historical purposes, there seems to be little value in rehashing the debate over socialism’s feasibility....
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