A Hayekian Explanation of Hayek's 'Epistemic Turn'

Economic Thought, 2015

The Center for the History of Political Economy Working Paper Series No. No. 2014-04

27 Pages Posted: 7 Mar 2014 Last revised: 19 Dec 2018

See all articles by Scott Scheall

Scott Scheall

Arizona State University, College of Integrative Sciences and Arts, Faculty of Social Science; Arizona State University (ASU) - Center for the Study of Economic Liberty

Date Written: February 15, 2014

Abstract

The present essay investigates F.A. Hayek’s epistemology and his methodology of sciences of complex phenomena for implications relevant to an explanation of Hayek’s own so-called “epistemic turn.” The thesis defended here is that Hayek’s dissatisfaction with his technical economics – in particular, his business cycle project – prompted, in keeping with his evolutionary theory of belief revision, the development of an approach less susceptible to the same disappointment.

Keywords: Hayek, epistemic turn, methodology, complex phenomena, explanation of the principle

JEL Classification: B2, B25, B3, B31, B4, B41, B53

Suggested Citation

Scheall, Scott, A Hayekian Explanation of Hayek's 'Epistemic Turn' (February 15, 2014). Economic Thought, 2015; The Center for the History of Political Economy Working Paper Series No. No. 2014-04 . Available at SSRN: https://ssrn.com/abstract=2405040 or http://dx.doi.org/10.2139/ssrn.2405040

Scott Scheall (Contact Author)

Arizona State University, College of Integrative Sciences and Arts, Faculty of Social Science ( email )

7001 E. Williams Field Rd.
Mesa, AZ 85212
United States

Arizona State University (ASU) - Center for the Study of Economic Liberty

United States

Register to save articles to
your library

Register

Paper statistics

Downloads
61
rank
346,033
Abstract Views
307
PlumX Metrics