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A Hayekian Explanation of Hayek's "Epistemic Turn"

Scott Scheall

No 2014-4, Center for the History of Political Economy Working Paper Series from Center for the History of Political Economy

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 develo pment of an approach less susceptible to the same disappointment.

Keywords: Hayek; epistemic turn; methodology; complex phenomena; explanation of the principle (search for similar items in EconPapers)
JEL-codes: B2 B25 B3 B31 B4 B41 B53 (search for similar items in EconPapers)
Pages: 27
Date: 2014
New Economics Papers: this item is included in nep-his, nep-hme and nep-hpe
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