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Lionel Robbins & Friedrich Hayek were two of those who did the
most to emphasize and promote the significance of the "perfect
knowledge" assumption in economics. It is my perception that both
Robbins & Hayek derived this language, and much of there
understanding of the significance of the "perfect knowledge'
assumption from Knight's _Risk, Uncertainty and Profit_. At the
LSE in the 1930's the first-half (not insignificant) of Knight's _Risk,
Uncertainty and Profit_ was used as the equivalent of the standard
textbook in economics.
Greg Ransom, MiraCosta College
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