Mises sees economic calculation as the most fundamental problem in economics. The economic problem to Mises is that of action. Man acts to dispel feelings of uneasiness, but can only succeed in acting if he comprehends causal connections between the ends that he wants to satisfy, and available meansWe have entropy detectors in our head, actual physical neurons. We see and remove local redundancy so that the number spike trains needed to entangle with society is minimized.
Kling is recommending the Russ Roberts interview which I listened to. Kling:
As Boettke points out, the profession is split between economists who work out the properties of equilibrium and economists who focus on institutional processes. The latter are marginalized, although they include many Nobel Laureates, including Douglass North and Elinor Ostrom.The science is evolving and I would not be bold enough to hold this distinction.
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