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Gregory Higley

I am strongly influenced by F. A. Hayek. Markets, while imperfect, serve the world better in the long run than politics. I agree with Hayek that most of modern, mainstream economics is mere scientism, in which we are dangerously overconfident. (It would be less dangerous if it weren't used as the basis of policy.) The proper attitude to have about all of economics is a deep, skeptical humility.

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9 What is the evidence that econometrics has empirical value? Nov 27 '14
6 What does Hayek mean at the end of the first paragraph of The Use of Knowledge? Feb 3 '15

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