From the Philosophy of Mind to the Philosophy of the Market

Originally published in Journal of Economic Methodology

The authors reason by analogy to highlight previously unnoticed similarities between Searle and F.A. Hayek's critique of socialist planning. The study extends their insights to explain the failure of many reforms in Eastern Europe in the 1990's.

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. The authors reason by analogy to highlight previously unnoticed similarities between Searle and F.A. Hayek's critique of socialist planning. The study extends their insights to explain the failure of many reforms in Eastern Europe in the 1990's.

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