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This work identifies the intellectual influences that supported Hayek's computational perspective as well as recognition that Hayek received from computational theorists in the decades following the publication of The Sensory Order. Having outlined Hayek's computational approach, I argue that 1) recognition of the approach suggests that agent-based ...
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This work identifies the intellectual influences that supported Hayek's computational perspective as well as recognition that Hayek received from computational theorists in the decades following the publication of The Sensory Order. Having outlined Hayek's computational approach, I argue that 1) recognition of the approach suggests that agent-based ...
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Hayek and Schmitt on the ‘depoliticization’ of the economy
Cambridge Journal of Economics, 2022Abstract Both Friedrich Hayek and Carl Schmitt criticize the role played by economic interest groups in modern democracies. This paper points out that their descriptions of how such groups attempt to obtain favourable treatment from the state (‘rent seeking’) are highly similar. The paper then discusses their proposed solutions.
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Was Hayek an Austrian Economist? Yes and No. Was Hayek a Praxeologist? No
2013Before we can even begin to answer the question of whether Hayek was an Austrian economist, we must justify asking it in the first place. For, the reaction to the title of this chapter from some quarters is likely to be, “Who cares?” However, there are several good and sufficient reasons for caring.
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After Hayek: On Theodore Burczak’s socialism after Hayek
The Review of Austrian Economics, 2008Burczak reformulates socialism to escape Hayek’s strictures against central planning. While Hayek supports a social safety net as well as other liberal reforms, Burczak points out that these reforms fall outside Hayek’s theoretical framework. We explain that this is because Hayek narrowed the classical economists’ conception of sympathetic agency to ...
Sandra J. Peart, David M. Levy
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Hayek Enriched by Complexity Enriched by Hayek
2016Abstract Certain elements of Hayek’s work are prominent precursors to the modern field of complex adaptive systems, including his ideas on spontaneous order, his focus on market processes, his contrast between designing and gardening, and his own framing of complex systems. Conceptually, he was well ahead of his time, prescient in his
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Hayek the Neoclassical Font: A Review Essay on Hayek’s Challenge
The Quarterly Journal of Austrian Economics, 2008Caldwell sets out to answer the question: what can neoclassical economists of the late twentieth/early twenty-first century, learn from Hayek's writings? His reply constitutes an intellectual tour de force of the neoclassical approach. If neoclassical economists read only one book on Hayek, this would have to be it. Caldwell is not just sympathetic and
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