Hayek identifies lawyers and university professors in particular as members of the cognitive elite with little or no understanding of the functioning of the overall social – economic order which make all of our lives possible. As Hayek puts it using the example of the individual with a law degree, “The rules of just conduct which the lawyer studies serve a kind of order of the character of which the lawyer is largely ignorant.”
Elena Kagan & Class Analysis
What Is the Purpose of Economic Theory?
6 hours ago
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