THIERRY AIMAR - F.A. Hayek as a Political Economist: Economic Analysis and Values

F. A. Hayek as a Political Economist

Friedrich Hayek is one of the most important economists and social theorists of the twentieth century. His contributions to the social sciences range across cognitive psychology, the history of ideas, the philosophy of law, political philosophy and the theory of liberalism. This book focuses on the links between his economics and the rest of his work, with special attention to normative elements. Topics covered include:

• Hayesks criticism of Cartesian rationalism and the engineering spirit;
• his relationship to game theory and his theory of business cycles;
• his theory of the spontaneous social order in his cognitive psychology;
• the relationships between his liberalism and socialism and Austro-Marxism;
• the relationships between spontaneous and organized social institutions;
• the consequences for social stability of the different conceptions of the legislator in his work.

The volume concludes with a discussion of the possibility of a normative economics that is based on objective criteria. Essential reading for all Hayek scholars, this work will also be of interest to historians of economics and social theorists in general.

Jack Birner is Professor of Economics in the Department of Sociology, University of Trento. His research interests include capital theory, the theory of business cycles, the evolution of social institutions, the theory of social amplifiers, the history of economic thought, network analysis of markets, the philosophy of science and methodology of economics and the logic of scientific problem solving. He is the author of The Cambridge Controversies in Capital Theory: A Study in the Logic of Theory Development, Routledge 2001.

Pierre Garrouste is Professor of Economics at the University Lumire-Lyon 2, and researcher at the Centre ATOM (Analytical Theory of Organisations and Market). His research interests include Austrian economics, history of economic thought (he is co-editor of Path-Dependency and Evolution in Economics: Past and Present, Edward Elgar, March 2001), and economics of learning in relations with the theories of the firm.

Thierry Aimar is Associate Professor of Economics in the Department of Economics at me University of Nancy 2.

Routledge Studies in the History of Economics

1 Economics as Literature
Willie Henderson

2 Socialism and Marginalism in Economics
18701930
Edited by Ian Steedman

3 Hayeks Political Economy
The socio-economics of order Steve Fleetwood

4 On the Origins of Classical Economics
Distribution and value from William Petty to Adam Smith
Tony Aspromourgos

5 The Economics of Joan Robinson
Edited by Maria Cristina Marcuzzo, Luigi Pasinetti and Alesandro Roncaglia

6 The Evolutionist Economics of Lon Walras
Albert Jolink

7 Keynes and the Classics
A study in language, epistemology and mistaken identities
Michel Verdon

8 The History of Game Theory, Vol. 1
From the beginnings to 1945
Robert W. Dimand and Mary Ann Dimand

9 The Economics of W. S. Jevons
Sandra Peart

10 Gandhis Economic Thought
Ajit K. Dasgupta

11 Equilibrium and Economic Theory
Edited by Giovanni Caravale

12 Austrian Economics in Debate
Edited by Willem Keizer, Bert Tieben and Rudy van Zijp

13 Ancient Economic Thought
Edited by B. B. Price

14 The Political Economy of Social Credit and Guild Socialism
Frances Hutchinson and Brian Burkitt

15 Economic Careers
Economics and economists in Britain
19301970
Keith Tribe

16 Understanding Classical Economics
Studies in the long-period theory
Heinz Kurz and Neri Salvadori

17 History of Environmental Economic Thought
E. Kula

18 Economic Thought in Communist and Post-Communist Europe
Edited by Hans-Jrgen Wagener

19 Studies in the History of French Political Economy
From Bodin to Walras
Edited by Gilbert Faccarello

20 The Economics of John Rae
Edited by 0. E Hamouda, C. Lee and D. Mair

21 Keynes and the Neoclassical Synthesis
Einsteinian versus Newtonian
macroeconomics
Teodoro Dario Togati

22 Historical Perspectives on Macroeconomics
Sixty years after the General Theory
Edited by Philippe Fontaine and Albert Jolink

23 The Founding of Institutional Economics
The leisure class and sovereignty
Edited by Warren J. Samuels

24 Evolution of Austrian Economics
From Menger to Lachmann
Sandye Gloria

25 Marxs Concept of Money: the God of Commodities
Anitra Nelson

26 The Economics of James Steuart
Edited by Ramn Tortajada

27 The Development of Economics in Europe since 1945
Edited by A. W. Bob Coats

28 The Canon in the History of Economics
Critical essays
Edited by Michalis Psalidopoulos

29 Money and Growth
Selected papers of Allyn Abbott Young
Edited by Perry G Mehrling and Roger J. Sandilands

30 The Social Economics of Jean-Baptiste Say
Markets and virtue
Evelyn L. Forget

31 The Foundations of Laissez-Faire
The economics of Pierre de Boisguilbert
Gilbert Faccarello

32 John Ruskins Political Economy
Willie Henderson

33 Contributions to the History of Economic Thought
Essays in honour of R. D. C. Black
Edited by Antoin E. Murphy and Renee Prendergast

34 Towards an Unknown Marx
A commentary on the manuscripts of
186163
Enrique Dussel

35 Economics and Interdisciplinary Exchange
Edited by Guido Erreygers

36 Economics as the Art of Thought
Essays in memory of G. L. S. Shackle
Edited by Stephen F. Frowen and Peter Earl

37 The Decline of Ricardian Economics
Politics and economics in post-Ricardian
theory
Susan Pashkoff

38 Piero Sraffa
His life, thought and cultural heritage
Alessandro Roncaglia

39 Equilibrium and Disequilibrium in Economic Theory
The Marshall-Walras Divide
Edited by Michel de Vroey

40 The German Historical School
The historical and ethical approach to
economics
Edited by Yuichi Shionoya

41 Reflections on the Classical Canon in Economics
Essays in honor of Samuel Hollander
Edited by Sandra Peart and Evelyn Forget

42 Piero Sraffas Political Economy
A centenary estimate
Edited by Terenzio Cozzi and Roberto Marchionatti

43 The Contribution of Joseph A. Schumpeter to Economics
Richard Arena and Cecile Dangel

44 On the Development of Long-run Neo-Classical Theory