Friedrich August von Hayek's scientific contributions
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Publication (1)
Citations
... This natural, individual dynamism is augmented by social interactionism. Where many people, individually seeking out their own betterment, interact to share knowledge and ideas and to produce new solutions, the generative capacity of those individuals, conjointly, is exponentially augmented ( Bylund, 2016 ;Hayek, 1948Hayek, , 1978aMises, 1949 ). Ongoing changes to social situations (changing supply, demand, production capacity, etc.) are accompanied by ever-changing individual knowledge and expectations, which requires adapting coordinative plans ( Lachmann, 1977( Lachmann, , 1986. ...
