© 2013

F. A. Hayek and the Modern Economy

Economic Organization and Activity

  • Editors
  • Sandra J. Peart
  • David M. Levy

Part of the Jepson Studies in Leadership book series (JSL)

Table of contents

  1. Front Matter
    Pages i-xviii
  2. Introduction

    1. Sandra J. Peart, David M. Levy
      Pages 1-7
  3. Foundations

    1. Front Matter
      Pages 9-9
    2. Peter McNamara
      Pages 11-28
    3. Sandra J. Peart, David M. Levy
      Pages 29-56
  4. Contributions to Political Economy in Theory and Practice

    1. Front Matter
      Pages 57-57
    2. Kenneth Minogue
      Pages 89-99
    3. Christopher S. Martin
      Pages 119-153
  5. Hayek and Policy Making

    1. Front Matter
      Pages 155-155
    2. Andrew Farrant, Nicola Tynan
      Pages 157-179
    3. Václav Klaus
      Pages 229-234
  6. Conclusion: The Hayek Difference

    1. David M. Levy, Sandra J. Peart
      Pages 235-238
  7. Back Matter
    Pages 239-247

About this book


What is the role of human agency in Friedrich Hayek's thought? This volume situates Hayek's writing as it relates to economic organization and activity, particularly to assess what role Hayek assigns to leaders in determining economic progress.


economy evaluation foundation organization organizations policy-making political economy

About the authors

Sandra J. Peart is Dean of the Jepson School of Leadership Studies at the University of Richmond, USA.

David Levy is Professor of Economics at George Mason University, USA, and a Distinguished Fellow of the History of Economics Society.

Peart and Levy have co-directed the Summer Institute for the Preservation of the History of Economics since 2000.

Bibliographic information


"This interdisciplinary collection of essays ranges widely across Hayek's life and ideas, yielding valuable new insights about his moral theory, the origins of his social philosophy, and his influence on political reforms in the final decades of the twentieth century." - Angus Burgin, Professor of History, Johns Hopkins University, USA

"Anyone unfamiliar with F.A. Hayek may wonder why this volume enjoys a place in a series dedicated to the study of leadership. Serious students of leadership should look again. To paraphrase Hayek, it is the curious task of leaders to recognize how little they really know about the complex social processes others may imagine they control. Emphasizing the nature of knowledge systems in social processes, this volume fills a critical gap in leadership studies." - Emily Chamlee-Wright, Provost and Dean of the College, Washington College, USA

"This collection expands upon David Levy's half century of considering the relation of Mandeville and Smith to F. A. Hayek, and Peart's long engagement with Mill and Hayek. The several authors engage the contributions of Hayek, such as to knowledge, and to evolutionary thought. Students of Hayek will discover new facets of his sources and thinking." - Leonard P. Liggio, Professor, Atlas Economic Research Foundation

"This collection makes a significant contribution to the crowded field of Hayek scholarship. The essays are original and make use of archival materials, and they manage to avoid the overploughed areas in that field. Peart and Levy have assembled a volume that will add substantially to our understanding of Hayek's work, its historical context, and its contemporary relevance." - Steve Horwitz, Charles A. Dana Professor of Economics, St. Lawrence University, USA