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Development in Hayek’s Social Theorising

In: Hayek: Economist and Social Philosopher

Author

Listed:
  • Tony Lawson
  • Christopher T. Saunders
  • John O’Neill

Abstract

Contemporary mainstream economics is in a state of some disarray. And as apparently increasing numbers of economists are reacting by searching for something more viable it is perhaps not surprising that the social theorising of Hayek is attracting significant attention. For Hayek long ago rejected the path of orthodoxy and set about attempting to elaborate an approach of greater relevance. Criticising in particular the reliance of mainstream economists upon positivist methods and procedures borrowed from the natural sciences, methods and so on that in Hayek’s (1942–4) view ‘contributed scarcely anything to our understanding of social phenomena’ (p. 21), Hayek spent many years attempting to charter a more viable, specifically social scientific, alternative project and route. It is this ‘non-scientistic’ approach of Hayek that provides the focus here.

Suggested Citation

  • Tony Lawson & Christopher T. Saunders & John O’Neill, 1997. "Development in Hayek’s Social Theorising," Palgrave Macmillan Books, in: Stephen F. Frowen (ed.), Hayek: Economist and Social Philosopher, chapter 6, pages 125-154, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-25991-5_6
    DOI: 10.1007/978-1-349-25991-5_6
    as

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