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The Knowledge We Have Lost in InformationThe History of Information in Modern Economics$
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Philip Mirowski and Edward Nik-Khah

Print publication date: 2017

Print ISBN-13: 9780190270056

Published to Oxford Scholarship Online: June 2017

DOI: 10.1093/acprof:oso/9780190270056.001.0001

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The Nobels and the Neoliberals

The Nobels and the Neoliberals

(p.51) 4 The Nobels and the Neoliberals
The Knowledge We Have Lost in Information

Philip Mirowski

Edward Nik-Khah

Oxford University Press

We briefly enumerate the winners of the Bank of Sweden Prize who have contributed to the beginning of the Economics of Information, and discover that their order in awards is misleading. Thus begins our argument that it was Friedrich Hayek and the neoliberal economists who made the critical first moves, and the orthodox neoclassical economists responded. We include a brief primer on neoliberalism to understand why this was so.

Keywords:   Friedrich Hayek, Neoliberal Thought Collective, market as information processor, Nobel Prize, Bank of Sweden Prize, tenets of neoliberalism

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