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Bringing Social Structure Back into Economics: On Critical Realism and Hayek's Scientism Essay

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  • Runde, Jochen

Abstract

This paper offers a critique of the critical realist (CR) interpretation of Friedrich Hayek's famous essay Scientism and the Study of Society presented in Tony Lawson's recent Economics and Reality. It is argued, contrary to Lawson's reading, that Hayek's social structures (1) do have an existence over and above the conceptions of the individual actors and (2) serve as a precondition for human action on the lines proposed by CR. Some links are made between Hayek's essay and the theory of social reality recently proposed by John Searle, and some comparisons drawn with CR. Copyright 2001 by Kluwer Academic Publishers

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  • Runde, Jochen, 2001. "Bringing Social Structure Back into Economics: On Critical Realism and Hayek's Scientism Essay," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 14(1), pages 5-24, March.
    • Handle: RePEc:kap:revaec:v:14:y:2001:i:1:p:5-24
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    Cited by:

    1. Mário Graça Moura, 2014. "Schumpeter and the meanings of rationality," FEP Working Papers 551, Universidade do Porto, Faculdade de Economia do Porto.
    2. Dold, Malte & Lewis, Paul, 2022. "F.A. Hayek on the political economy of endogenous preferences: An historical overview and contemporary assessment," Journal of Economic Behavior & Organization, Elsevier, vol. 196(C), pages 104-119.
    3. Paul Lewis, 2014. "Hayek: from economics as equilibrium analysis to economics as social theory," Chapters, in: Roger W. Garrison & Norman Barry (ed.), Elgar Companion to Hayekian Economics, chapter 9, pages 195-223, Edward Elgar Publishing.
    4. Paul Lewis, 2005. "Structure, agency and causality in post-revival Austrian economics: tensions and resolutions," Review of Political Economy, Taylor & Francis Journals, vol. 17(2), pages 291-316.
    5. Solomon Stein & Virgil Henry Storr, 2023. "The market as foreground: The ontological status of the market in market process theory," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 36(1), pages 1-21, March.
    6. Diogo de Melo Lourenço, 2015. "Hayek’s Scientism Essay and the social aspects of objectivity and the mind," FEP Working Papers 560, Universidade do Porto, Faculdade de Economia do Porto.
    7. Steve Fleetwood, 2007. "Austrian economics and the analysis of labor markets," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 20(4), pages 247-267, December.
    8. Paul Lewis, 2005. "Boettke, The Austrian School and the Reclamation of Reality in Modern Economics," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 18(1), pages 83-108, January.
    9. Paul Lewis, 2021. "Entrepreneurship, novel combinations, capital regrouping, and the structure-agency relationship: an introduction to the special issue on innovation and Austrian economics," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 34(1), pages 1-12, March.

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