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4 - The Founder of Neo-liberalism: Friedrich von Hayek

from Part II - The Giants of the Short Century

Published online by Cambridge University Press:  25 November 2019

Alessandro Roncaglia
Alessandro Roncaglia
Affiliation:
Università degli Studi di Roma 'La Sapienza', Italy
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Summary

In the framework of a critical illustration of the contemporary history of economics, this chapter provides an (original) illustration of Hayek’s thought: his formative years, his contributions to the theory of the trade cycle and the theory of capital and the subsequent debates with Sraffa and Kaldor, his theory of the spontaneous order and of the market as a mechanism of knowledge diffusion, his political individualism and the similarities/differences to the notions of methodological individualism , liberism and liberalism, his thesis on the denationalization of money.

Keywords

HayekNeo-liberalismTrade cycleIndividualismCapital theoryDenationalization of moneySpontaneous orderMarketKnowledge diffusion
Type
Chapter
Information
The Age of Fragmentation
A History of Contemporary Economic Thought
 , pp. 59 - 87
Publisher: Cambridge University Press
Print publication year: 2019

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