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What is the role of human agency in Friedrich Hayek's thought? This volume situates Hayek's writing as it relates to economic organization and activity, particularly to assess what role Hayek assigns to leaders in determining economic progress. Peart and Levy explore the scope for policy makers leading the economy through crisis, how much agency policy makers should assume, and the leadership role that economists should legitimately play in the development and implementation of new economic policy.

Hayek held that economists should take center stage in terms of advocating economic policy but his was a quite different sort of advocacy. He disagreed with some of his contemporaries on what economic policies were best suited to promote economic expansion and stability, seeing economic aggregation as fraught with methodological difficulties and, therefore, that no scientist or policy maker had the wherewithal to direct market transactions. The volume examines the nature of these disagreements along with a number of other themes that characterize Hayek's lifelong work.

ISBN

9781137359582

Publication Date

2013

Publisher

Palgrave Macmillan

City

New York

Keywords

economic theory, F.A. Hayek, liberalism

School

School of Arts and Sciences

Department

Leadership Studies

Disciplines

Leadership Studies

Comments

Edited by: Sandra J. Peart, David M. Levy

Read the introduction to the book by linking to the Read More button above.

F.A. Hayek and the Modern Economy: Economic Organization and Activity

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