Hayek: From Economics as Equilibrium Analysis to Economics as Social Theory

Forthcoming in R. Garrison and N.P. Barry (ed., 2014), The Elgar Companion to Hayek. Cheltenham: Edward Elgar.

24 Pages Posted: 9 Jan 2015

Date Written: December 2014

Abstract

This paper outlines the development of Hayek's account of the working of decentralised economies, focusing in particular on his move away from using the notion of economic equilibrium towards an emphasis on the notion of 'order'.

Keywords: Hayek, order, equilibrium, ontology, Austrian economics.

JEL Classification: B2, B3, B4, B30, B31, B40, B41

Suggested Citation

Lewis, Paul Andrew, Hayek: From Economics as Equilibrium Analysis to Economics as Social Theory (December 2014). Forthcoming in R. Garrison and N.P. Barry (ed., 2014), The Elgar Companion to Hayek. Cheltenham: Edward Elgar., Available at SSRN: https://ssrn.com/abstract=2546259

Paul Andrew Lewis (Contact Author)

King's College London ( email )

Bush House
Aldwych
London, WC2R 2LS
United Kingdom
+44 0 20 7848 3970 (Phone)
+44 0 20 7848 3970 (Fax)

HOME PAGE: http://www.kcl.ac.uk/sspp/departments/politicaleconomy/people/academic/lewis.aspx

Do you have negative results from your research you’d like to share?

Paper statistics

Downloads
769
Abstract Views
3,073
Rank
60,282
PlumX Metrics