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From the philosophy of mind to the philosophy of the market

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  • Peter Boettke
  • J. Robert Subrick

Abstract

John Searle has argued against the viability of strong versions of artificial intelligence. His most well-known counter-example is the Chinese Room thought experiment where he stressed that syntax is not semantics. We reason by analogy to highlight previously unnoticed similarities between Searle and F.A. Hayek's critique of socialist planning. We extend their insights to explain the failure of many reforms in Eastern Europe in the 1990's.

Suggested Citation

  • Peter Boettke & J. Robert Subrick, 2001. "From the philosophy of mind to the philosophy of the market," Journal of Economic Methodology, Taylor & Francis Journals, vol. 9(1), pages 53-64.
    • Handle: RePEc:taf:jecmet:v:9:y:2001:i:1:p:53-64
    DOI: 10.1080/1780110120109
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    References listed on IDEAS

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    1. Dani Rodrik, 2006. "Institutions for High-Quality Growth: What They Are and How to Acquire Them," Chapters, in: Kartik Roy & Jörn Sideras (ed.), Institutions, Globalisation and Empowerment, chapter 2, Edward Elgar Publishing.
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    Cited by:

    1. Nikolai Wenzel, 2010. "From contract to mental model: Constitutional culture as a fact of the social sciences," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 23(1), pages 55-78, March.
    2. Agnès Festré & Pierre Garrouste, 2016. "Hayek on Expectations: The Interplay between two Complex Systems," GREDEG Working Papers 2016-13, Groupe de REcherche en Droit, Economie, Gestion (GREDEG CNRS), Université Côte d'Azur, France.
    3. Cottrell, Allin & Cockshott, W. Paul, 2007. "Against Hayek," MPRA Paper 6062, University Library of Munich, Germany.
    4. Lewis, Paul & Runde, Jochen, 2007. "Subjectivism, social structure and the possibility of socio-economic order: The case of Ludwig Lachmann," Journal of Economic Behavior & Organization, Elsevier, vol. 62(2), pages 167-186, February.
    5. Paul Lewis, 2005. "Structure, agency and causality in post-revival Austrian economics: tensions and resolutions," Review of Political Economy, Taylor & Francis Journals, vol. 17(2), pages 291-316.
    6. Boettke, Peter, 2010. "From neuro-Hayekians to subjectivist Hayekians: a reply to Horwitz and Koppl," MPRA Paper 33605, University Library of Munich, Germany.

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