Episode 123: Economics with Hayek and Sen (Intro by Seth Benzell)
The Partially Examined Life Philosophy Podcast
Mark Linsenmayer
4.6 • 2.3K Ratings
🗓️ 7 September 2015
⏱️ 136 minutes
🧾️ Download transcript
Summary
On F.A. Hayek's "The Use of Knowledge in Society" (1945) and Amartya Sen's On Ethics and Economics (1987). Is economics a pseudoscience? Are its assumptions by necessity too over-simplifying? Hayek objects to the idea of planning an economy, because the planners aren't in a position to know enough. With guest Seth Benzell, who starts us off with a "precognition" of the material.
End song: "People Who Throw Away Love" by Mark Lint from The Cheese Stands Alone.
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Transcript
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| 0:31.0 | Parshley Examinalife pre-cognitions introduce philosophical topics for upcoming episodes |
| 0:36.2 | to give you a few weeks to do the reading yourself. |
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| 0:54.0 | Hello, fellow partially examined life fans. |
| 0:57.0 | I'm Seth Benzel, an economics PhD candidate at Boston University, |
| 1:00.0 | and I'm here to introduce two readings on the intersection of economics and ethics. |
| 1:04.0 | The first reading is Frederick Hayek's The Use of Knowledge in Society, |
| 1:07.0 | and the second is a Marchus Sends on Ethics and Economics. |
| 1:10.0 | Frederick Hayek was born in Austria in 1899. |
| 1:13.0 | To the public, he is best remembered for his 1944 Screed Against Socialism, |
| 1:17.0 | the road to Serfdom. |
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