J.M. Keynes and F.A. Hayek had different economic ideas even though both were subjectivists seriously engaged with … issues of time and uncertainty in economics. The source of the difference between their economic ideas was the difference … between their philosophical ideas. Keynes was a Cartesian rationalist and justificationist; Hayek a critical rationalist and …

modern research has proven Schumpeter correct is not made, but rather that existing recent research is not inconsistent with …

Bruce Caldwell (2004) “Hayek’s Challenge” tells the story of the evolution of Hayek’s methodological standpoint. In … Caldwell’s account, Hayek is driven by the desire to identify a truly scientific approach to the study of society as a complex …. Starting with ‘Austrian presuppositions’ Hayek’s methodological Odyssey takes him to ‘a place that was unique’. The review …

focuses on the uncertainty of future returns and on uncertainty preferences, instead. Based on the Hayekian idea of the … uncertainty. This result will be derived for a production process characterized by complete vertical integration and one which is …

than some commentators have been prepared to admit. Hayek´s presentation of the 1930s did not produce a convincing argument …