IDEAS home Printed from https://ideas.repec.org/a/ekm/repojs/v44y2024i3p484-501id2467.html
   My bibliography  Save this article

Critical rationalism and institutional change in Hayek

Author

Listed:
  • Eduardo Angeli

Abstract

The institutional analysis promoted by F. A. Hayek seeks to understand how humanaction and coordination among individuals occur in an environment where the knowledgeheld by each person is incomplete and not fully transmittable. In such an environment,the institutional framework plays an important role in conditioning, at least partially, the behaviorof members within a spontaneously emerging social order. In light of this, the objectiveof this article is to present Hayek’s evolutionary institutional approach by organizing thediscussion proposed by the Austrian economist on the subject. To do so, it will discussHayek’s distinction between critical rationalism and constructivist rationalism. It will alsoaddress Hayek’s explanation of institutional change and delve into his evolutionary approachto the social sciences, as opposed to the natural sciences. JEL Classification: B25; B31; B53.

Suggested Citation

  • Eduardo Angeli, 2024. "Critical rationalism and institutional change in Hayek," Brazilian Journal of Political Economy, Center of Political Economy, vol. 44(3), pages 484-501.
    • Handle: RePEc:ekm:repojs:v:44:y:2024:i:3:p:484-501:id:2467
    as

    Download full text from publisher

    File URL: https://centrodeeconomiapolitica.org.br/repojs/index.php/journal/article/view/2467/2398
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    F. A. Hayek; institutions; evolution;
    All these keywords.

    JEL classification:

    • B25 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Historical; Institutional; Evolutionary; Austrian; Stockholm School
    • B31 - Schools of Economic Thought and Methodology - - History of Economic Thought: Individuals - - - Individuals
    • B53 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Austrian

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ekm:repojs:v:44:y:2024:i:3:p:484-501:id:2467. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Brazilian Journal of Political Economy (Brazil) (email available below). General contact details of provider: https://centrodeeconomiapolitica.org/repojs/index.php/journal/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.