. The distinction rests on a difference between, what is called here, information and knowledge. While information is about … derived from his theories of information and knowledge. … facts such as prices, knowledge expresses the agent's belief about the world. Hayek argues that market order is superior to …

Elias Khalil's "Information, Knowledge and the Close of Friedrich Hayek's System," argues that an internal … contradiction exists within Hayek's political economy relating to his use of information and knowledge. As a result, Khalil argues …

theme in Joe Stiglitz monumental work, namely, the analysis of economies characterised by persistent learning and … major themes, namely, the consequences of learning and dynamic increasing returns, and "Keynesian" coordination failures …

of each pupil, to compare them to the new-classical(and keynesian) and Austrian information and knowledge theoretical … the pupils’ communication behavior during lessons and tests. The representation of the knowledge process is very …

We propose a model of learning when experimentation is possible, but unawareness and ambiguity matter. In this model …, complete lack of information regarding the underlying data generating process is expressed as a (maximal) family of priors …. These priors yield posterior inferences that become more precise as more information becomes available. As information …

theme in Joe Stiglitz monumental work, namely, the analysis of economies characterised by persistent learning and … major themes, namely, the consequences of learning and dynamic increasing returns, and "Keynesian" coordination failures …