The Hayek–Sraffa controversy in 1932 – a philosophy of science perspective

Christian Ydesen

The European Journal of the History of Economic Thought, 2016, vol. 23, issue 5, 814-834

Abstract: Analysing the intense controversy between Hayek and Sraffa in 1932, this article throws light on the logical consistency of their arguments and the philosophy of science axioms concerning knowledge, society, and human beings upon which these were based. The purpose is to use the controversy as an example to clarify the elemental preconditions of economic science to validly reach the core of economic theories and thus throw light on their historical and ideological conditions and range and the validity of the knowledge produced. The article uses Imre Lakatos' thoughts on research programmes and formal logic as an analytical tool.

Date: 2016
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DOI: 10.1080/09672567.2015.1073770

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