Hayek's theory of cultural evolution has always generated controversy. Interest in Hayek's theory, and others' analysis and criticism of it, has been rising of late. This volume urges a reconsideration of Hayeks' theory of evolution and aims to explore the relevance of Hayek's theory for its own...

This groundbreaking title brings together a critical selection of key papers by the Nobel Memorial Laureates in Economics that have helped shape the development and present state of economics. The editors have organised this comprehensive series by theme and focuses on those Laureates working in...