EconPapers: New Studies in Philosophy, Politics, Economics, and the History of IdeasConstitutional Political Economy. The paper focuses on central elements of the scientific work of Friedrich A. Hayek since the s. In a first part, his epistemological position and its implications for his understanding of the tasks of the social sciences are presented as he set them out particularly in the Sensory Order Then, it is shown how his findings in economic theory as well as in the analysis of economic and societal systems are formed by these foundations. His emphasis on the subjectivity and the constitutional limitations of human knowledge is identified as a precondition for the outstanding analytical insights which he gained with regard to the functioning of a market order and the role of institutions in societal development.
Studies in Philosophy, Politics and Economics
Studies in Philosophy, Politics and Economics is a book written by Friedrich Hayek published in It is a collection of twenty-five essays and lectures, most of which were previously published between the and The scope of topics epistemology , history of ideas , specialisation , Hume , spontaneous order , the liberal social order , the transmission of liberal economic ideas, and a variety of other topics on philosophy , politics , and economics. Hayek , " The Intellectuals and Socialism ," ch. The main lesson which the true liberal must learn from the success of the socialists is that it was their courage to be Utopian which gained them the support of the intellectuals and therefore an influence on public opinion which is daily making possible what only recently seemed utterly remote. Those who have concerned themselves exclusively with what seemed practicable in the existing state of opinion have constantly found that even this has rapidly become politically impossible as the result of changes in a public opinion which they have done nothing to guide. Unless we can make the philosophic foundations of a free society once more a living intellectual issue, and its implementation a task which challenges the ingenuity and imagination of our liveliest minds, the prospects of freedom are indeed dark.
Donald Winch, F.
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Economics, Political Economy and Social Philosophy
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The Review of Austrian Economics. At the heart of Friedrich A. Hayek's social philosophy is a regard for the socially-constituted nature of man: the individual is not taken to be asocial or pre-social, but rather it is recognized that society defines the individual. The neglect of this aspect of Hayek's work by both liberal and communitarian, as well as libertarian, writers within political philosophy has led to his position being misrepresented, for Hayek's brand of liberalism is more akin to one variant of modern communitarianism than it is to the libertarian strain of liberal thought. Unable to display preview.
It seems that you're in Germany. We have a dedicated site for Germany. This book explores the life and work of Austrian-British economist, political economist, and social philosopher, Friedrich Hayek. These include the division of knowledge, the importance of rules, the problems with planning and economic management, and the role of constitutional constraints in enabling the emergence of unplanned order in the market by limiting the perverse incentives and distortions in information often associated with political discretion. Key to understanding Hayek's development as a thinker is his emphasis on the knowledge problem that economic decision makers face and how alternative institutional arrangements either hinder or assist them in overcoming that epistemic dilemma. Hayek saw order emerging from individual action and responsibility under the appropriate institutional order that itself emerges from actors discovering new and better ways to coordinate their behavior. This book will be of interest to all those keen to gain a deeper understanding of this great 20th century thinker in economics.
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