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. v. Hayek's work can contribute to it. Three aspects are identified as playing a key role in this respect: first, Hayek …
Persistent link: https://www.econbiz.de/10005765312
Hayek's approach to cultural and institutional evolution has been frequently criticized because it is explicitly based … recent works on biological and cultural evolution. The paper's main contention is that Hayek employed group selection as a … equilibrium behavior (i.e. altruism). The paper shows that Hayek's ideas foreshadowed some of the most promising developments in …
Persistent link: https://www.econbiz.de/10010261518
Epistemic arguments play a significant role in Hayek's defense of market liberalism. His claim that market competition … assessment Hayek neglects the role of new technological knowledge. He ignores that the discovery procedure induces not only price … Hayek's version of market liberalism. …
Persistent link: https://www.econbiz.de/10010286745