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Hayek on tacit knowledge

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  • OĞUZ, FUAT

Abstract

This paper discusses the place of ‘tacit knowledge’ in Hayek's writings. How did Hayek understand tacit knowledge? How did his understanding change through time? I address these questions and follow the change in Hayek's works from skills and techniques of thought in the 1930s to the use of ‘tacit knowledge’ in the1960s. Hayek uses Polanyi's concept in many writings, but remains short of approving its implications. The paper emphasizes that while Hayek was quite aware of the differences between tacit knowing and knowing-how, he was not keen to stress the divergence. In the end, I offer some potential explanations for this preference.

Suggested Citation

  • Oğuz, Fuat, 2010. "Hayek on tacit knowledge," Journal of Institutional Economics, Cambridge University Press, vol. 6(2), pages 145-165, June.
    • Handle: RePEc:cup:jinsec:v:6:y:2010:i:02:p:145-165_99
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    Cited by:

    1. Agnès Festré, 2015. "Michael Polanyi's Economics: A Strange Rapprochement," GREDEG Working Papers 2015-36, Groupe de REcherche en Droit, Economie, Gestion (GREDEG CNRS), Université Côte d'Azur, France, revised Oct 2018.
    2. Agnès Festré & Stein Østbye, 2020. "Michael Polanyi on creativity in science," Working Papers halshs-03036841, HAL.

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