VS Prize

The Arrogation of Knowledge and its Consequences Niels Behrmann Second Prize in Vernon Smith Prize Contest 2021. Abstract In this essay, I explore the consequences of the methodologically misguided over-confidence in the human ability to gain knowledge and to design a society based on that knowledge. I will defend the hypothesis that such arrogation of […]

Economics Set Free: In Defense of Hayek David Andrew McMillan First Prize in Vernon Smith Prize Contest 2021.   Abstract Policymakers treat economics mysteries as a series of economics puzzles or optimization problems: If only we had more data, they claim, our predictions would be more accurate and evidence-based interventions would deliver greater benefits. The […]