From the Philosophy of Mind to the Philosophy of the Market
Journal of Economic Methodology, Vol. 9, No. 1, pp. 53-64, 2002
14 Pages Posted: 18 Jan 2010
Date Written: 2002
John Searle has argued against the viability f 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 1990s.
JEL Classification: B53, P30, P50, D02
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