In order to address the question whether Hayek might have been an Agent-based Computational Economist (ACE) avant-la-lettre, we consider an ACE model concerning the phenomenon of information contagion. Alongside increasing returns, network externalities, and information cascades, information...

Hayek draws the general lines of an analysis of economic knowledge in taking up two different directions. On the one hand he draws his attention on the knowledge used by the agents in the course of the economic process; on the other one he seeks for the theoretical knowledge required to explain...

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...

In a recent article in "Challenge" magazine, Andrew Farrant and Edward McPhail argue that the central message of F. A. Hayek's "The Road to Serfdom" is that any attempt to create a welfare state must lead inevitably to totalitarianism. I argue in my paper that this was not the central argument;...

Obwohl der Begriff "der Markt" (in der Einzahl) andauernd - sowohl in der Theorie als auch in Alltagsdiskurse - mit einer großen Selbstverständlichkeit verwendet wird, hat er eine Geschichte, die fast 100 Jahre zurückgeht. Diese Begrifflichkeit wurde erstmals in der Österreichischen Schule...

F.A Hayek is one of the most important and influential advocates of liberalism in the 20th century. His theory is famously based on the concept of spontaneous order, an order emerging from the interaction of individuals without central control and appears critical of every form of...

Hayek's approach to cultural and institutional evolution has been frequently criticized because it is explicitly based on the controversial notion of (cultural) group selection. In this paper this criticism is rejected on the basis of recent works on biological and cultural evolution. The...

F.A Hayek is one of the most important and influential advocates of liberalism in the 20th century. His theory is famously based on the concept of spontaneous order, an order emerging from the interaction of individuals without central control and appears critical of every form of...

In a recent article in "Challenge" magazine, Andrew Farrant and Edward McPhail argue that the central message of F. A. Hayek's "The Road to Serfdom" is that any attempt to create a welfare state must lead inevitably to totalitarianism. I argue in my paper that this was not the central argument;...

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 socalled "epistemic turn." The thesis defended here is that Hayek's dissatisfaction with his technical economics - in...