Friedrich A. Hayek and the Science of Choice
The title of this paper may suggest that the subject matter of this paper could have little to do with the problem of economic fluctuations or the business cycle. If the argument of this paper is correct, however, then question of the compass of economics is intimately connected with the problem of cyclical fluctuations. But demonstrating this connection requires answering a preliminary question. This paper will, therefore, be divided into three parts...