The political fight hinges on what humans can know that markets cannot

Evidence

What is it that the opponents of neoliberalism believe that markets are capable of “knowing,” and conversely, what is it that humans can know that falls outside the precinct of markets and their supposed omniscience and information-processing capacities? How much of any forward-looking political program can be premised upon a set of faculties and competences with regard to the economy that are not reducible to simple profit-seeking? — Philip Mirowski, Never Let a Serious Crisis Go to Waste, 900

Categorization

  • SEED: An essay framing the post-2008 battle as essentially epistemic — what knowledge falls outside market information-processing.
  • QUESTION: Worth chasing the philosophical history of market omniscience claims underwritten by Hayek/Mises price theory.