Max Weber's relationship to economics in general and to the Austrian School in particular has received more attention recently. However, this literature as conducted by Weber scholars and by Austrian economists exhibits two major deficiencies. First, the studies are often either purely...

F. A. Hayek published The Road to Serfdom in 1944, so 2019 marks the 75th anniversary of the event. The paper traces how Hayek came to write the book, who his opponents were, and how the book got interpreted by both friends and critics after its publication. Because the book is more typically...

Mises and Hayek in the 1920s and 1940s thought of their work as within the orthodoxy of economic science. But after WWII it became increasingly obvious that the contributions of Mises and Hayek were out of step with the way the economics profession was evolving. But starting in 1974, due to the...

This paper explores the ways in which cybernetics influenced the works of F. A. Hayek from the late 1940s onwar d. It shows that the concept of negative feedback, borrowed from cybernetics, was central to Hayek's attempt of giving an explanation of the principle to the emergence of human...