We assess Peter Boettke's public choice reading of F. A. Hayek's The Road to Serfdom (1944). In particular, we argue that Boettke's reading of Hayek's thesis ignores the possibility that rent-seeking interests may block movements along Hayek's road and does not give sufficient weight to facts on...

Mathematics has become an integral part of 20th century economics. Mathematical techniques that were considered to be on the fringes of economics even a few decades ago are today considered mainstream economics. Economists presented considerable resistance in the past to the encroachment of...