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Posts Tagged ‘george soros’

Soros on Hayek

Pileus readers may be interested in George Soros’ new short essay on F.A. Hayek and Karl Popper. Soros lauds Hayek’s “fallibilism” but attacks him for inconsistency in endorsing “market fundamentalism.” According to Soros, Hayek is an “apostle of a brand of economics which… is a formalized and mathematical theory, whose two main pillars are the efficient market hypothesis and the theory of rational expectations.” So Soros fundamentally misunderstands Hayek.

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