The Continuing Relevance of F.A. Hayek's Political Economy

Advances in Austrian Economics, Vol. 11, pp. 79-98, 2008

23 Pages Posted: 16 Jan 2008 Last revised: 28 Feb 2012

See all articles by Peter J. Boettke

Peter J. Boettke

George Mason University - Department of Economics

Christopher J. Coyne

George Mason University - Department of Economics

Peter T. Leeson

George Mason University - Department of Economics

Date Written: October 25, 2010

Abstract

This paper explores the political economy of F.A. Hayek with emphasis on the continued relevance of his work for contemporary scholars. We focus on the theme of coordination throughout Hayek's research program. This general theme can be traced from Hayek's technical economics up through his later writings in political philosophy. After considering Hayek's major works in political and legal theory, we conclude by discussing the contemporary implications of Hayek's political economy. Specifically, we discuss eight areas where modern economists should pay close attention to the main lessons and themes in Hayek's writings.

Keywords: Hayek, Political Economy

JEL Classification: B25, B53

Suggested Citation

Boettke, Peter J. and Coyne, Christopher J. and Leeson, Peter T., The Continuing Relevance of F.A. Hayek's Political Economy (October 25, 2010). Advances in Austrian Economics, Vol. 11, pp. 79-98, 2008. Available at SSRN: https://ssrn.com/abstract=1083390

Peter J. Boettke

George Mason University - Department of Economics ( email )

4400 University Drive
Fairfax, VA 22030
United States
703-993-1149 (Phone)
703-993-1133 (Fax)

Christopher J. Coyne (Contact Author)

George Mason University - Department of Economics ( email )

4400 University Drive
Fairfax, VA 22030
United States

Peter T. Leeson

George Mason University - Department of Economics ( email )

4400 University Drive
Fairfax, VA 22030
United States

HOME PAGE: http://www.peterleeson.com

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