Introductuion -- 1. Adam Smith on self-interest -- 2. Jeremy Bentham on self-interest -- 3. John Stuart Mill on self-interest and the assumption of economic theories -- 4. Leon Walras’ idea of human nature and theory of property: free exchange, communism, and association -- 5. Self-interest in...

The aim of this paper is to consider how the Chicago school of economics influenced the economic thought of Friedrich Hayek in his period of the University of Chicago, where he was a follower of the Committee of Social Thought from 1950 to 1962. This period is well known as “Hayek’s...

This paper discusses the origin of the modern social knowledge theory and Ernst Mach’s role in its development and his contribution to the history of economics. We categorize economic and scientific methodologies based on the dichotomy between“describable” and “indescribable”...

This article describes the change of Hayek’s economic concepts in the period from his dissertation on political science in 1923 to ‘Economics and Knowledge’ in 1937. Hayek’s dissertation was written under the influence of Wieser and Spann, professors at Vienna University. His...