A Hayekian explanation of Hayek's "epistemic turn"

by Scott Scheall

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 socalled "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 development of an approach less susceptible to the same disappointment.

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Year of publication:	February 15, 2014
Authors:	Scheall, Scott
Publisher:	[Durham, NC] : Center for the History of Political Economy at Duke University
Subject:	Hayek \| epistemic turn \| methodology \| complex phenomena \| explanation of the principle \| Österreichische Schule \| Austrian economics \| Ökonomische Ideengeschichte \| History of economic thought \| Erkenntnistheorie \| Epistemology \| Wissenschaftliche Methode \| Scientific method