Host Veronique De Rugy is joined by Peter Boettke to discuss his recent work on the "marvel" of the market and why modern economics has lost its way. Centered on F.A. Hayek's landmark essay, The Use of Knowledge in Society, this episode explores how prices serve as a vital vehicle for learning and coordination that no top-down planner can replicate. They discuss the transition of economics from a tool for "social understanding" to a failed instrument of "social control" and the dangerous consequences of treating economic science like "social physics".
