Publisher:
Duke University, Center for the History of Political Economy (CHOPE), Durham, NC
Abstract:
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 so- called "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 develo pment of an approach less susceptible to the same disappointment.