Veblen and Hayek on Instincts and Evolution

Charles G. Leathers

Journal of the History of Economic Thought, 1990, vol. 12, issue 2, 162-178

Abstract: In his 1898 article Why is Economics Not An Evolutionary Science ,Thorstein Veblen criticized the Austrian School (as represented by Carl Menger) for being unable to break with the classical tradition that economics is a taxonomic science(Veblen 1898, p. 73). The Austrian failure was attributed to a "faulty conception of human nature (ibid.).

Date: 1990
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