Hayek the Economist and Social Philosopher: A Critical Retrospect

Overview

This volume provides a critical assessment of the wide spectrum of Hayek's celebrated work as economist and social philosopher. Included are papers on Hayek's early writings in the field of monetary economics, on which his later campaign against inflation, his controversial proposal for competing currencies, and his negative view of the impact of trade unions on the economy are based. Hayek's social philosophy, often regarded as the centre piece of his famous work, and the fundamental findings about human ...
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Overview

This volume provides a critical assessment of the wide spectrum of Hayek's celebrated work as economist and social philosopher. Included are papers on Hayek's early writings in the field of monetary economics, on which his later campaign against inflation, his controversial proposal for competing currencies, and his negative view of the impact of trade unions on the economy are based. Hayek's social philosophy, often regarded as the centre piece of his famous work, and the fundamental findings about human thinking, society, the market system and social rules of conduct it is based on, is evaluated by leading contemporary social philosophers. The volume leaves little doubt as to the considerable impact of Hayek's thinking on economic policy and social philosophy.
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Editorial Reviews

Booknews
Contributors look critically at Hayek's basic findings about human thinking, society, the market system and social rules of conduct. Themes which preoccupied Hayek over extensive periods, such as constitutional ignorance and spontaneous order, are used to deal with vital economic issues, including competition policy, industrial policy, and the transformation of former socialist systems. Also discussed are his limited knowledge theory, his earlier work on monetary economics, and his controversial proposal for competing currencies. Annotation c. by Book News, Inc., Portland, Or.
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Product Details

  • ISBN-13: 9780312129026
  • Publisher: Palgrave Macmillan
  • Publication date: 1/1/1997
  • Edition number: 1
  • Pages: 352
  • Product dimensions: 5.68 (w) x 8.79 (h) x 1.41 (d)

Table of Contents

Acknowledgements
List of Participants
Notes on the Contributors
Introduction
1 Hayek, Marx and Keynes 1
2 The Connectionist Mind: A Study of Hayekian Psychology 9
Discussant's Comments: The Connectionist as a Conservative 31
3 Constitutional Ignorance, Spontaneous Order and Rule-Orientation: Hayekian Paradigms from a Policy Perspective 37
Discussant's Comments 59
4 Hayek and the Limitations of Knowledge: Philosophical Aspects 63
Discussant's Comments: Parsons on Two Theses of Hayek 87
5 A Note on Hayek's Analysis of Scientism 95
Discussant's Comments: Hayek, Popper and Scientism 115
6 Development in Hayek's Social Theorising 125
Discussant's Comments 149
Discussant's Comments: Hayek and the Positivists 152
7 Hayek III: The Necessity of Social Rules of Conduct 155
Discussant's Comments: Rules for Prices? 179
8 Hayek's Suggestion for Currency Competition: A Central Banker's View 185
Competitive Currencies 194
9 From Neutral Money to Competing Currencies: Hayek on Monetary Policy 195
Discussant's Comments 215
10 Hayek, the Purpose of the Market and American Economic Institutionalism 221
11 Hayek and Keynes on Capital 237
Keynes and Hayek - Some Remarks on Capital 251
Comments on G. R. Steele, 'Hayek and Keynes on Capital' 256
Response by G. R. Steele to Victoria Chick 258
12 Hayek on Trade Unions: Social Philosopher or Propagandist? 259
Discussant's Comments 275
13 Whatever Happened to Hayek? 281
Discussant's Comments 305
14 Tribute to the Life and Work of Friedrich Hayek 311
Name Index 313
Subject Index 317
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