F. A. Hayek pp 283-296 | Cite as

The Hayekian Legacy

  • Peter J. Boettke
Part of the Great Thinkers in Economics book series (GTE)


Hayek’s project is a challenge to the scientistic understanding of economics and political economy, and a rejection of constructivist rationalism in social philosophy. It is a project full of tensions, but also of great promise. As a social scientist, he emphasized the limits of our knowledge in devising institutions. As a political economist, he made policy recommendations, with the specifics of those recommendations evolving over time. Nonetheless, his ideas remain important and anyone with an interest in the study of society must wrestle with them. Doing so requires going beyond the many misconceptions about Hayek’s work and taking him as the serious and influential thinker he was and still is.


  1. Hayek, F.A. 1944. The Road to Serfdom. Chicago: University of Chicago Press.Google Scholar
  2. ———. 1945. The Use of Knowledge in Society. The American Economic Review 35 (4): 519–530.Google Scholar
  3. ———. 1952. The Counter-Revolution of Science: Studies on the Abuse of Reason. Glencoe: The Free Press.Google Scholar
  4. ———. 1960. The Constitution of Liberty. Chicago: University of Chicago Press.Google Scholar
  5. ———. 1973. Law, Legislation, and Liberty, Vol.1: Rules and Order. Chicago: University of Chicago Press.Google Scholar
  6. ———. 1976. Law, Legislation, and Liberty, Vol. 2: The Mirage of Social Justice. Chicago: University of Chicago Press.Google Scholar
  7. ———. 1979. Law, Legislation, and Liberty, Vol. 3: The Political Order of a Free People. Chicago: University of Chicago Press.CrossRefGoogle Scholar
  8. Keynes, J.M. [1936] 2016. General Theory of Employment, Interest and Money. New Delhi: Atlantic Publishers & Distributors.Google Scholar
  9. Menger, Carl. 1996. Investigations into the Method of the Social Sciences. Auburn: Ludwig von Mises Institute.Google Scholar
  10. Mises, Ludwig von. [1927] 1985. Liberalism. Irvington: The Foundation for Economic Education.Google Scholar
  11. ———. [1949] 1998. Human Action. Auburn: The Ludwig von Mises Institute.Google Scholar
  12. Ostrom, Elinor. 1990. Governing the Commons: The Evolution of Institutions for Collective Action. New York: Cambridge University Press.CrossRefGoogle Scholar
  13. Ostrom, Vincent. 1997. The Meaning of Democracy and the Vulnerability of Democracies: A Response to Tocqueville’s Challenge. Ann Arbor: University of Michigan Press.CrossRefGoogle Scholar
  14. Plott, Charles. 1991. Will Economics Become an Experimental Science? Southern Economic Journal 57 (4): 901–919.CrossRefGoogle Scholar
  15. Robbins, Lionel. [1952]1965. The Theory of Economic Policy in English Classical Political Economy. London: Macmillan.Google Scholar
  16. Samuelson, Paul A. 1947. Foundations of Economic Analysis. Cambridge: Harvard University Press.Google Scholar
  17. Seabright, Paul. 2004. The Company of Strangers, Princeton. Princeton University Press.Google Scholar
  18. Sigmund, Karl. 2017. Exact Thinking in Demented Times: The Vienna Circle and the Epic Quest for the Foundations of Science. New York: Basic Books.Google Scholar
  19. Smith, Adam. [1776] 1981. An Inquiry into the Nature and Causes of the Wealth of Nations, R. H. Campbell and A. S. Skinner (eds.), Indianapolis: Liberty Fund.Google Scholar
  20. ———. [1759] 2010. The Theory of Moral Sentiments. London: Penguin Books.Google Scholar

Copyright information

© The Author(s) 2018

Authors and Affiliations

  • Peter J. Boettke
    • 1
    • 2
  1. 1.Department of EconomicsGeorge Mason UniversityFairfaxUSA
  2. 2.F. A. Hayek Program for Advanced Study in Philosophy, Politics and Economics Mercatus CenterGeorge Mason UniversityFairfaxUSA

Personalised recommendations