Friedrich Hayek was awarded the 1974 Nobel Prize for Economic Sciences for his contributions to the analysis of money and the business cycle, and for his penetrating analysis of the interdependence of economic, social and institutional phenomena. Hayek was a polymath: he systematically analyzed human rationality, the nature of knowledge, and methodology. This book, which analyses his contributions to the emerging - and revolutionary - field of behavioral economics, has been written by an outstanding collection of authors including Deirdre McCloskey, Herbert Gintis, Peter Boettke and Nobel Laureate Vernon Smith. It is demonstrated that Hayek's seminal contributions came decades before economists such as Herbert Simon (winner of the 1978 Nobel Prize) and Harvey Leibenstein began to develop the field in earnest.
Friedrich Hayek was awarded the 1974 Nobel Prize for Economic Sciences for his contributions to the analysis of money and the business cycle, and for his penetrating analysis of the interdependence of economic, social and institutional phenomena. Hayek was a polymath: he systematically analyzed human rationality, the nature of knowledge, and methodology. This book, which analyses his contributions to the emerging - and revolutionary - field of behavioral economics, has been written by an outstanding collection of authors including Deirdre McCloskey, Herbert Gintis, Peter Boettke and Nobel Laureate Vernon Smith. It is demonstrated that Hayek's seminal contributions came decades before economists such as Herbert Simon (winner of the 1978 Nobel Prize) and Harvey Leibenstein began to develop the field in earnest.
In this updated and expanded edition, the author explores the broad features of Hayek's economic philosophy, shows the interrelationship between the liberal philosophy and economic advance, examines...
Hayek thought that all economic behavior (and by implication other human behavior) is based on fallible interpretations of what information is important and of its implications for the future. This...
Thatcherism Hayek & the Political Economics of the Conservative Party explores the extent to which Hayek influenced the economic policies of Mrs Thatcher and its effect on the Conservative...
Seminar paper from the year 2005 in the subject Politics - International Politics - General and Theories, grade: 1,0, European University Viadrina Frankfurt (Oder), course: Political and Economical...
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