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The paper examines one of the considerations that determines the extent to which policymakers pursue the objectives demanded by constituents. The nature and extent of their ignorance serve to determine the incentives confronted by policymakers to pursue their constituents' demands. The paper...
Persistent link: https://www.econbiz.de/10011899119
The method appropriate to the historical and conceptual investigation of Hayek’s ideas is implicit in his own writings on the methodology of disciplines that study complex phenomena. The phenomena of Hayek’s career are complex phenomena requiring a method appropriate to this complexity.
Persistent link: https://www.econbiz.de/10011899124
From the early-1950s on, F.A. Hayek was concerned with the development of a methodology of sciences that study systems of complex phenomena. Hayek argued that the knowledge that can be acquired about such systems is, in virtue of their complexity (and the comparatively narrow boundaries of human...
Persistent link: https://www.econbiz.de/10010878266
From the early-1950s on, F.A. Hayek was concerned with the development of a methodology of sciences that study systems of complex phenomena. Hayek argued that the knowledge that can be acquired about such systems is, in virtue of their complexity (and the comparatively narrow boundaries of human...
Persistent link: https://www.econbiz.de/10014150168
The present essay addresses the epistemic difficulties involved in achieving consensus with respect to the Hayek-Keynes debate. It is argued that the debate cannot be settled on the basis of the observable evidence; or, more precisely, that the empirical implications of the relevant theories are...
Persistent link: https://www.econbiz.de/10014155833
The present paper considers the implications of the postulate that the activities of scientists constitute complex phenomena in the sense associated with the methodological writings of the Nobel Prize-winning Austrian economist, methodologist, and political philosopher, F.A. Hayek. Although...
Persistent link: https://www.econbiz.de/10014135024
In this review of Tim Leonard's remarkable book Illiberal Reformers, Race, Eugenics, and American Economics in the Progressive Era, I argue that, having defined progressivism as a political epistemology of faith in the powers of policymaking, Leonard did not follow up several of the interesting...
Persistent link: https://www.econbiz.de/10014118010
Volume 40C of Research in the History of Economic Thought and Methodology features a symposium on the work of the controversial French economist François Perroux, edited by Katia Caldari and Alexandre Mendes Cunha, and a collection of book reviews of David M. Levy and Sandra J. Peart's (2020)...
Persistent link: https://www.econbiz.de/10013542817
Research in the History of Economic Thought and Methodology (RHETM) is a book series dedicated to an interdisciplinary approach to a broad range of topics related to the history and methodology of economics.
Persistent link: https://www.econbiz.de/10014491249
Research in the History of Economic Thought and Methodology Volume 41B features a selection of papers presented at the First History of Economics Diversity Caucus Conference, new research essays from Roger Sandilands and co-authors Daniel Schiffman and Eli Goldstein, as well as an interview of...
Persistent link: https://www.econbiz.de/10014424813