FRIEDRICH HAYEK: THE COMPLETE ECONOMIST

G. Steele

Economic Affairs, 2008, vol. 28, issue 2, 67-69

Abstract: By the width of his perspective, Hayek presents a challenge. Those who face up to that challenge are changed by the experience. The inevitable conclusion is that mainstream economics is defective by both its self‐indulgent over‐quantification and its persistence in presuming to formulate meaningful relationships between aggregates and averages.

Date: 2008
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