Hayek

Cass Sunstein on Regulatory Analysis and the Knowledge Problem

Cass Sunstein begins: With respect to the past and future of regulation, there are two truly indispensable ideas. Unfortunately, they are in serious tension with one another. Potential solutions lie in three reforms, all connected with democracy itself – but perhaps not quite in the way that most people think. The first indispensable idea is …

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History of Thought Course Video: Hayek and the Knowledge Problem

Not surprisingly, given the title of this blog and the focus of my research, the last video in the series for my history of economic thought course provides an introduction to Hayek and the knowledge problem. [vimeo http://vimeo.com/76456397] Hayek’s work in the 20th century explored a range of ideas, one of the most important of …

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An Example of What Not to Do in Persuasion

Lynne Kiesling Alex Tabarrok has an excellent post this morning at Marginal Revolution: David Warsh and Paul Krugman try to write Hayek out of the history of macroeconomics. … It is true that many of Hayek’s specific ideas about business cycles vanished from the mainstream discussion under the Keynesian juggernaut but what Krugman and Warsh miss is that …

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Sidney Hook’s 1960 Review of Hayek’s “The Constitution of Liberty”

Michael Giberson Francis Fukuyama’s review of the new edition of F. A. Hayek’s “The Constitution of Liberty” has prompted a small eruption of commentary in the econoblogosphere.  (See here and here, for example.) I thought there might be some interest in Sidney Hook’s review of the original edition of “The Constitution of Liberty,” published in the …

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Hayek’s Birthday, Hayek’s Week, Hayek’s Century

Lynne Kiesling Yesterday was F.A. Hayek’s 112th birthday, and as Hayek’s work inspired the name of this blog, and continues to inspire my work every day, I encourage you all to celebrate this anniversary by reading (or re-reading, I hope!) his seminal Use of Knowledge in Society (1945): The peculiar character of the problem of …

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Fukuyama Reviews New Edition of Hayek’s Constitution of Liberty

Michael Giberson The Sunday New York Times Book Review carried a review by Francis Fukuyama of the new edition of Hayek’s The Constitution of Liberty. The review does Hayek the favor of distinguishing his views from those of a certain recent talk-radio enthusiast. Fukuyama noted that Hayek’s views are more complex than they are usually …

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