In diesem Vortrag möchte ich keineswegs die fundamentalen Unterschiede in der "Philosophie" der beiden Autoren verwischen oder gar leugnen. Mein Anliegen ist der Versuch, gewisse Missverständnisse auszuräumen, die ein Hemmnis im gegenseitigen Verständnis heutiger "Keynesianer" und heutiger...

In der Diskussion über notwendige Reformen der Volkswirtschaften werden in der Bundesrepublik und anderen europäischen Ländern die institutionellen Rahmenbedingungen der Vereinigten Staaten zur Nachahmung empfohlen. Gibt es ein marktwirtschaftlich orientiertes Wirtschaftssystem, dessen...

Change was the buzzword of the Obama campaign, in response to a political agenda precipitated by financial turmoil and a global economic crisis. According to Research Associate Thomas Palley, the neoliberal economic policy paradigm underlying that agenda must itself change if there is to be a...

In this paper we aim to trace the roots of the ongoing economic mayhem and to unmask the chorus of the tragedy which plays on the world stage. The main thesis of our work is that, despite the triumphant rhetoric praising the merits of perfect competition, the global fields of the dysfunctional...

The claim that the Darwinian paradigm of blind-variation-and-selective-retention can be generalized from the biological to the socio-cultural realm has often been questioned because of the critical role played by human purposeful design in the process of cultural evolution. In light of the issue...

Epistemic arguments play a significant role in Hayek's defense of market liberalism. His claim that market competition is a discovery procedure that serves the common good is a case in point. The hypothesis of the markets' efficient use of existing knowledge is supplemented by the idea that...

Is Friedrich von Hayek in some specific, perhaps paradoxical, way a classical liberal paternalist? My answer will be an unsatisfying yes and no depending not only on my interpretation of Hayek, but also on the manifold interpretations one can give to the concepts of paternalism and classical...

The current crisis is like an earthquake for the theoretical foundations of economic policies, which have guided governments and central banks for the last few decades. The efficient market hypothesis and its application to labor markets -'natural rate theory'- dominated interpretations of...

Dieser Beitrag erläutert (1) die Fragestellung des Hayekschen Gesamtwerks. Ferner skizziert er (2), wie Hayek diese Fragestellung mit seinem Ansatz bearbeitet hat. Sodann werden (3) Stärken und Schwächen dieses Ansatzes diskutiert. Abschließend (4) formuliert dieser Beitrag Lektionen für...

The defence of the market and economic freedom have been the main objectives of the investigations by liberal thinkers such as Milton Friedman, Gary Becker, F Hayek and L Von Mises. Bearing in mind that the first two economists are the maximum exponents of the Chicago School and the last two of...