Question
According to Hayek, which of the followingis not a source of the misconception economic theorists and policy makers tend to havewhen contemplating the economic problem?
According to Hayek, which of the followingisnota source of the misconception economic theorists and policy makers tend to havewhen contemplating the "economic problem?"
Group of answer choices
An under-appreciation of knowledge of the particular circumstances of place and time.
A bias in favor of rational, conscious direction, or centralized planning.
A bias in favor of decentralized systems of planning which operate without of conscious oversight and direction.
A bias in favor of the standard scientific methodology of knowledge acquisition, e.g. statistical aggregation.
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