The One-Dimensional Oracle: Why Hayek's Price Signal Is Epistemically Bankrupt

A civilization that encodes all its economic knowledge into a single number has not achieved informational elegance — it has committed epistemic suicide.

This is the core argument in examining the philosophical foundations of market liberalism: not to dismiss markets as coordination mechanisms, but to expose a structural flaw at their epistemic core. One that cannot be patched by better policy or more disciplined central bankers, because it is woven into the architecture itself.