/lit/ - Literature

I’ve got money for an MBA in a really good university and since I’m a foreigner and know I’ve got chances of entering a good US university solely for that reason, I’m trying to decided which should be my major. I’m between CS, accountability, marketing, political science, economics.
I’ll break it down and say my opinions about them.

>Computer Science
It’s obviously the most useful one but I’m not passionate about it and will possibly drop out.
>accountability
It’s not as useful these days but I’m pretty good at it despite being hard for most people. Midterms are hard, yes, but I’m confident that despite being a brainlet I can pull through.
>Marketing
Probably the one I’m the best at, but it’s a meme imo
>political science
This one is the one I’m post passionate about, but it’s useless.
>Economics
Same thing that accountability.

>>18625268
(5/5)

Friedrich Hayek

- Notable ideas and contributions:

Economic calculation problem
>Building on the earlier work of Mises and others, Hayek also argued that while in centrally planned economies an individual or a select group of individuals must determine the distribution of resources, these planners will never have enough information to carry out this allocation reliably.
Catallaxy
>Catallactics is a praxeological theory, the term catallaxy being used by Friedrich Hayek to describe "the order brought about by the mutual adjustment of many individual economies in a market."
Dispersed knowledge
>He explained that price signals are the only means of enabling each economic decision maker to communicate tacit knowledge or dispersed knowledge to each other to solve the economic calculation problem.
Price signal
>According to Hayek, in a system in which the knowledge of the relevant facts is dispersed among many people, prices can act to coordinate the separate actions of different people in the same way as subjective values help the individual to coordinate the parts of his plan.
Spontaneous order
>Hayek viewed the free price system not as a conscious invention (that which is intentionally designed by man), but as spontaneous order or what Scottish philosopher Adam Ferguson referred to as "the result of human action but not of human design".
Austrian Business Cycle Theory
>According to the theory, the business cycle unfolds in the following way: low interest rates from fractional reserve banks tend to stimulate borrowing, which lead to an increase in capital spending funded by newly issued bank credit. Proponents hold that a credit-sourced boom results in widespread malinvestment. A correction or credit crunch, commonly called a "recession" or "bust", occurs when the credit creation has run its course.

- Notable works: Law, Legislation and Liberty; The Fatal Conceit; The Road to Serfdom

Friedrick Hayek

What is your opinion about him and his work?

As a commie I want to learn a bit more about neolibs and specifically the Austrian and Chicago schools of economics. Which books/authors should I read? Are Hayek, Mises and Friedman the only ones worth reading?

Why do the lefties hate this guys so much they don't even read him?
i understand Road to Serfdom is wishful thinking at best but the rest of his work is pretty good

Hi