Retrospectives: Friedrich Hayek and the Market Algorithm

=222 1 695. Gorton, Gary B. 2012. Misunderstanding Financial Crises : Why We Don't See Them Coming. Oxford,UK: Oxford University Press.Haase, Knut, Habib Zain Al Abideen, SalimAl-Bosta, Mathias Kasper, Matthes Koch, SvenMuller, and Dirk Helbing. 2016. "ImprovingPilgrim Safety during the Hajj: An Analytical andOperational Research Approach." Interfaces 46(1):74-90. Hammond, Peter J. 1979. "StraightforwardIndividual Incentive Compatibility in Large Econo-mies." Review of Economic Studies 46(2): 263-82.Hayek, Friedrich A. 1937. "Economics andKnowledge." Economica 4: 33-54.Hayek, Friedrich A. 1944. The Road to Serfdom.University of Chicago Press.Hayek, Friedrich A. 1945. "The Use of Knowl-edge in Society." American Economic Review 35(4):519-30. Hayek, Friedrich A. 1948. "The Meaningof Competition." Chap. 5 in Individualism andEconomic Order. University of Chicago Press.Hayek, Friedrich A. 1960. The Constitution ofLiberty. University of Chicago Press.Hayek, Friedrich A. 1968 [2002]. "Competitionas a Discovery Procedure." Quarterly Journal ofAustrian Economics 5 (3): 9-23. (Article was in 2002; original lecture was in 1968.)Hayek, Friedrich A. 1979. Law, legislation and Liberty: A New Statement of the Liberal Principles and Political Economy. Vol 3: The Political Order of a FreePeople. University of Chicago Press.Hayek, Friedrich A. 1994. Hayek on Hayek: AnAutobiographical Dialogue. University of ChicagoPress. Hommes, Cars H. 2006. "Heterogeneous AgentModels in Economics and Finance." In Handbook of Computational Economics , vol. 2, edited byLeigh Tesfatsion and Kenneth L. Judd, 1109-86.Amsterdam: Elsevier. Hong, Harrison, and Jeremy C. Stein.1999. "A Unified Theory of Underreaction,Momentum Trading, and Overreaction in Asset Markets." Journal of Finance 54 (6) : 2 1 43-84.Howitt, Peter. 1992. "Interest Rate Controland Nonconvergence to Rational Expecta-tions.^ n Journal of Political Economy 100(4): 776-800.Hurwicz, Leonid. 1984. "'Economic Planningand the Knowledge Problem': A Comment." CatoJournal 4(2): 419-25.Jamrisko, Michelle, and Wei Lu. 2017. "TheseAre the World's Most Innovative Economies." Bloomberg Markets, January 17. https://www.bloomberg.com/news/articles/201 7-01-1 7/sweden-gains-south-korea-reigns-as-world-s-most-innovative-economies.Jordan, James S. 1982. "The CompetitiveAllocation Process Is Informationally Efficient Uniquely." Journal of Economic Theory 28 ( 1 ) : 1-1 8.Kirman, Alan, Rainer Schulz, WolfgangHardie, and Axel Werwatz. 2005. "TransactionsThat Did Not Happen and Their Influence onPrices." Journal of Economic Behavior and Organiza-tion 56(4): 567-91.Kirzner, Israel M. 1984. "Economic Planningand the Knowledge Problem." Cato Journal 4(2):407-418. Kirzner, Israel M. 1992. The Meaning of Market Process: Essays in the Development of Modern Austrian Economics. New York: Routledge.Kirzner, Israel M. 1997. "EntrepreneurialDiscovery and the Competitive Market Process: AnAustrian Approach." Journal of Economic Literature35(1): 60-85.LeBaron, Blake. 2006. "Agent-Based Compu-tational Finance." In Handbook of ComputationalEconomics , vol. 2, edited by Leigh Tesfatsion andKenneth Judd, 1187-1233. Amsterdam: Elsevier.Leijonhufvud, Axel. 2006. "Agent-BasedMacro." In Handbook of Computational Economics,vol. 2, edited by Leigh Tesfatsion and KennethJudd, 1625-37. Amsterdam: Elsevier.LeRoy, Stephen F., and Richard D. Porter.1981. "The Present-Value Relation: Tests Based on Implied Variance Bounds." Econometrica 49(3):555-74. Makowski, Louis, and Joseph M. Ostroy. 2001."Perfect Competition and the Creativity of theMarket." Journal of Economic Literature 39(2):479-535. Mandel, Antoine, Simone Landini, MauroGallegati, and Herbert Ģintis. 2015. "PriceDynamics, Financial Fragility and Aggregate Volatility." Journal of Economic Dynamics and Control 51:257-77. Marcet, Albert, and Thomas J. Sargent.1989. "Convergence of Least Squares LearningMechanisms in Self-Referential Linear Stochastic Models ." Journal of Economic Theory 48(2): 337-68.Maskin, Eric S. 2015. "Friedrich von Hayek andMechanism Design." Review of Austrian Economics28(3): 247-52. Mount, Kenneth, and Stanley Reiter. 1974. "TheInformational Size of Message Spaces." Journal ofEconomic Theory 8(2): 161-92.Nobelprize.org. 1974. Press Release, October 9.http://www.nobelprize.org/nobel_prizes/economic-sciences/laureates/1974/press.html.Orwell, George. 1944. "Review: The Road toSerfdom by F. A. Hayek/The Mirror of the Past byK Zilliacus." Observer 9: 117-19. Poincaré, Henri. 1908. Science et Méthode. Paris,France: E. Flammarion. This content downloaded from 68.173.155.109 on Sat, 28 Oct 2017 15:24:36 UTCAll use subject to http://about.jstor.org/terms 230 Journal of Economic Perspectives Rosser, J. Barkley, Jr. 2012. "Emergence andComplexity in Austrian Economics." Journal ofEconomic Behavior arid Organization 81 (1): 122-28.Schelling, Thomas C. 1971. "Dynamic Modelsof Segregation." Journal of Mathematical Sociology1(2): 143-86.Sethi, Rajiv, and Rohini Somanathan. 2004."Inequality and Segregation." Journal of PoliticalEconomy 112(6): 1296-321.Shiller, Robert J. 1981. "Do Stock Prices MoveToo Much to be Justified by Subsequent Changesin Dividends?" American Economic Review 71(3):421-36. Simon, Herbert A. 1991. "Organizations andMarkets." Journal of Economic Perspectives 5(2):25-44. Sinitskaya, Ekaterina, and Leigh Tesfatsion.2015. "Macroeconomics as Constructively RationalGames." Journal of Economic Dynamics and Control61: 152-82. Tesfatsion, Leigh. 2006. "Agent-BasedComputational Economics: A ConstructiveApproach to Economic Theory." In Handbookof Computational Economics, vol. 2, edited by L.Tesfatsion and K. L. Judd, 831-80. Amsterdam:Elsevier. Vriend, Nicolaas J. 2002. "Was Hayek anAce?" Southern Economic Journal 68(4) : 81 1-40.White, Lawrence H. 1999. "Why Didn't HayekFavor Laissez Faire in Banking?" History of PoliticalEconomy 31 (4) : 753-69.Woodford, Michael. 1990. "Learning to Believein Sunspots." Econometrica 58(2): 277-307.World Bank. 2017. World Governance Indicators. http://databank.worldbank.org/data/databases/ rule-of-law. This content downloaded from 68.173.155.109 on Sat, 28 Oct 2017 15:24:36 UTCAll use subject to http://about.jstor.org/terms