A Discussion on Empirical Micro-Bases of Hayek’s Methodological Individualism

Liang Zhao () and Xian Chen Zhu

MPRA Paper from University Library of Munich, Germany

Abstract: There are essential differences in ‘methodological individualism(MI)’ between neoclassic economics and Hayek’s theory. On basis of The Sensory Order, this paper shows relations between Hayek’s MI and it, the micro-bases of Hayek’s MI from contemporarily empirical disciplines, and some viewpoints verified by succeeding ones; then points out some questions that need to be answered henceforth between Hayek’s theory and interdisciplinary studies in modern economics. It is concluded that Hayek’s MI has its empirical micro-bases, and that his interdisciplinary exploration in the youth can help advance modern economics.

Keywords: methodological individualism; Hayek; the sensory order; empirical micro-bases; interdisciplinary research in economics (search for similar items in EconPapers)
JEL-codes: A12 B49 B53 (search for similar items in EconPapers)
Date: 2007-06-05
New Economics Papers: this item is included in nep-hpe
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