The Economics of Time and Ignorance

Building on the work of Hayek, Lachmann and Shackle, this volume develops a powerful critique of neo-classical economics, in particular of its over-deterministi... » 

Building on the work of Hayek, Lachmann and Shackle, this volume develops a powerful critique of neo-classical economics, in particular of its over-deterministic models and its pretence of knowledge. This reprint of the text includes a new introduction outlining developments since the 1980s. «