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Historians of economic thought are paying greater attention to issues of social ontology (that is, to the assumptions that economists make about the nature of social reality). In this paper, we contribute to this burgeoning literature by exploring the hitherto neglected way in which James...
Persistent link: https://www.econbiz.de/10012868240
Despite the frequent references to Schumpeter's work, his own encompassing methodological approach as worked out by … analysis. Schumpeter's analytical distinction between the levels of subject matter and method and his further distinction … analysis – follow exactly the general structure of Schumpeter's analytical system which they refine or correct. It is argued …
Persistent link: https://www.econbiz.de/10010296808
Despite the frequent references to Schumpeter's work, his own encompassing methodological approach as worked out by … analysis. Schumpeter's analytical distinction between the levels of subject matter and method and his further distinction … analysis – follow exactly the general structure of Schumpeter's analytical system which they refine or correct. It is argued …
Persistent link: https://www.econbiz.de/10009226242
This paper was presented as the Henry Hazlitt Memorial Lecture at the Austrian Economics Research Conference, Ludwig von Mises Institute Auburn, Alabama. In this lecture, I look at a debate in the 1960s between Frank H. Knight, the subject of my new book (2016) in Palgrave Macmillan's Great...
Persistent link: https://www.econbiz.de/10012844933
The present essay investigates F.A. Hayek's epistemology and his methodology of sciences of complex phenomena for implications relevant to an explanation of Hayek's own so- called "epistemic turn." The thesis defended here is that Hayek's dissatisfaction with his technical economics – in...
Persistent link: https://www.econbiz.de/10011592223
Recent literature on Adam Smith and other 18th-century Scottish thinkers shows an engaged conversation between the Scots and today's scholars in the sciences that deal with humans—social sciences, humanities, as well as neuroscience and evolutionary psychology. We share with the 18th-century...
Persistent link: https://www.econbiz.de/10011592240
This paper uses the theory of complex systems as a conceptual lens through which to compare the work of Friedrich Hayek and Vincent and Elinor Ostrom. It is well known that, from the 1950s onwards, Hayek conceptualised the market as a complex adaptive system. It is argued in this paper that,...
Persistent link: https://www.econbiz.de/10012960213
The present essay investigates F.A. Hayek's epistemology and his methodology of sciences of complex phenomena for implications relevant to an explanation of Hayek's own so-called “epistemic turn.” The thesis defended here is that Hayek's dissatisfaction with his technical economics – in...
Persistent link: https://www.econbiz.de/10012938067
F.A. Hayek essentially quit economic theory and gave up the phenomena of industrial fluctuations as an explicit object of theoretical investigation following the publication of his last work in technical economics, 1941's The Pure Theory of Capital. Nonetheless, several of Hayek's more...
Persistent link: https://www.econbiz.de/10012938318
The paper aims to establish that Terence Hutchison's argument in The Politics and Philosophy of Economics (1981) to the effect that the young F.A. Hayek maintained a methodological position markedly similar to that of Ludwig von Mises fails to establish the relevant conclusion. The first problem...
Persistent link: https://www.econbiz.de/10012938435