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Palgrave Macmillan

Hayek and Behavioral Economics

ISBN 9780230301160
Publication Date January 2013
Formats Hardcover Ebook (PDF) Ebook (EPUB) 
Publisher Palgrave Macmillan
Series Archival Insights into the Evolution of Economics

Friedrich Hayek was awarded the 1974 Nobel Prize for Economic Sciences for his contributions to the analysis of money and the business cycle, and for his penetrating analysis of the interdependence of economic, social and institutional phenomena. Hayek was a polymath: he systematically analyzed human rationality, the nature of knowledge, and methodology. This book, which analyses his contributions to the emerging – and revolutionary – field of behavioral economics, has been written by an outstanding collection of authors including Deirdre McCloskey, Herbert Gintis, Peter Boettke and Nobel Laureate Vernon Smith. It is demonstrated that Hayek's seminal contributions came decades before economists such as Herbert Simon (winner of the 1978 Nobel Prize) and Harvey Leibenstein began to develop the field in earnest.

ROGER FRANTZ is a world authority in the emerging discipline of behavioural economics. He currently holds the post of Professor of Economics at San Diego State University, USA. Publications include X-Efficiency, Two Minds: Intuition and Analysis in the History of Economic Thought, Renaissance in Behavioral Economics: Essays in Honor of Harvey Leibenstein, and articles in the American Economic Review, Southern Economic Journal, Journal of Economic Psychology, Journal of Socio-Economics, Journal of Behavioral Economics, and Public Choice.
ROBERT LEESON is a prolific historian of economic thought who has published in the Economic Journal, Economica, History of Political Economy and the Cambridge Journal of Economics. He has held visiting appointments at Stanford University, USA, University of California, Berkeley, University of California, Santa Cruz, University of Western Ontario and Santa Clara University. He is currently Adjunct Professor at Notre Dame Australian University.

Foreword; V.Smith
Introduction; R.Frantz & R.Leeson
Friedrich Hayek's Behavioural Economics in Historical Context; R.Frantz
A Hayekian/Kirznerian Economic History of the Modern World; D.McCloskey
Was Hayek an Austrian Economist? Yes and No. Was Hayek a Praxeologist? No.; W.Block
Error is Obvious, Coordination is the Puzzle; P.Boettke, W.Caceres & A.Martin
Hayek's Contribution to a Reconstruction of Economic Theory; H.Gintis
On the Relationships Between Friedrich Hayek and Jean Piaget; C.Chelini & S.Riva
Cognitive Autonomy and Epistemology of Action in Hayek's and Merleau-Ponty's Thought; F.Di Iorio
Hayek's Sensory Order, Gestalt Neuroeconomics, and Quantum Psychophysics; T.Takahashi & S.Egashira
Mindscapes and Landscapes: Hayek and Simon on Cognitive Extension; L.Marsh
Hayek's Complexity Assumption, Ecological and Bounded Rationality, and Behavioural Economics; M.Altman
Subjectivism and Explanations of the Principle; S.Fiori
Satisficing and Cognition; Complementarities between Simon and Hayek; P.Earl
The Oversight of Behavioural Economics on Hayek's Insight; S.Rizzello & A.Spada
Complexity and Degeneracy in Socio-Economic Systems; G.Steel & H.Hosseini

MORRIS ALTMAN Professor of Behavioural and Institutional Economics and Head of the School of Economics and Finance, Victoria University of Wellington, New Zealand, and Professor of Economics, University of Seskatchewan, Canada
WALTER BLOCK Harold E Wirth Eminent Scholar Endowed Chair and Professor of Economics, Loyola University of New Orleans, USA 
PETER BOETTKE University Professor of Economics and Philosophy at George Mason University, USA, Director of the F.A. Hayek Program for Advanced Study in Philosophy, Politics and Economics, and BB&T Professor for the Study of Capitalism at the Mercatus Center
W. ZACHARY CACERES Researcher for The Flow Project and Editor of Radical Social Entrepeneurs
CHIARA CHELINI European and Industrial Affairs Manager, Service Partenariat et Valorisation de la Recherche, Centre National de la Rechereche Scientifique and Postdoctoral Fellow, Institut Jean Nicod, Ecole Normale Superieure, Paris, France 
FRANCESCO DI IORIO Doctoral student, Ecole des Hautes Etudes en Sciences Sociales/CREA, Ecole Polytechnique, Paris, France, and Research Associate, LUISS University, Rome, Italy 
PETER E. EARL Associate Professor of Economics, University of Queensland, Australia
SUSUMU EGASHIRA Professor of Economics, Otaru University of Commerce, Japan
STEFANO FIORI Associate Professor of Economics, University of Torino, Italy 
ROGER FRANTZ Professor of Economics, San Diego State University, USA 
HERBERT GINTIS Professor, Central European University and External Professor, Santa Fe Institute, USA 
HAMID HOSSEINI Professor of International Business and Economics in the McGowan School of Business, Kings College, Pennsylvania, USA 
ROBERT LEESON Visiting Professor of Economics, Stanford University and Adjunct Professor, Notre Dame Australia University
DIERDRE MCCLOSKEY Distinguished Professor of Economics, History, English, and Communication at the University of Illinois at Chicago, USA 
LESLIE MARSH Senior Researcher Associate and Advisor, Dean's Office, Medical School, University of British Columbia, Canada 
ADAM MARTIN F.A. Hayek Fellow, Program in Philosophy, Politics, and Economics, George Mason University, USA 
SONIA RIVA Certified cognitive psychologist, Clinica Neurologica San Gerardo, Monza, Italy
VERNON L. SMITH 2002 recipient of Nobel rize in Economic Sciences, is George L Argyros Endowed Chair in Finance and Economics, Economic Science Institute, Chapman University, USA
SALVATORE RIZZELLO Professor of Economics, Director of the Department of Law and Political, Economic and Social Sciences, Coordinator of the Centre for Cognitive Economics, University of Piemonte Orientale, Italy 
ANNA SPADA Research Fellow, Department of Law, Economic and Social Sciences and Centre for Cognitive Economics, University of Piemonte Orientale, Italy 
GERALD R. STEELE Reader in Economics, Management School, Lancaster University, UK 
TAIKI TAKAHASHI Associate Professor, Department of Behavioural Science, Centre for Experimental Research in Social Science, Hokkaido University, Japan 

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