This article compares the political and moral economies of Ludwig von Mises and Friedrich Hayek. It argues that some of the relatively less scrutinised intellectual divergences are located in their views on the roles of the state within a market society. Convergences will also be identified,...

The social engineering ambitions of economics have never been so high. Economists are increasingly invited to construct markets from scratch or to design mechanisms that mimic the market. Science students take these social engineering efforts as evidence for the capacity of economists to make...