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F. A. Hayek and the Modern Economy - Economic Organization and Activity (Hardcover, New)
Loot Price: R3,349
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F. A. Hayek and the Modern Economy - Economic Organization and Activity (Hardcover, New)
Series: Jepson Studies in Leadership
Expected to ship within 12 - 17 working days
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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. Peart and Levy
explore the scope for policy makers leading the economy through
crisis, how much agency policy makers should assume, and the
leadership role that economists should legitimately play in the
development and implementation of new economic policy.Hayek held
that economists should take center stage in terms of advocating
economic policy but his was a quite different sort of advocacy. He
disagreed with some of his contemporaries on what economic policies
were best suited to promote economic expansion and stability,
seeing economic aggregation as fraught with methodological
difficulties and, therefore, that no scientist or policy maker had
the wherewithal to direct market transactions. The volume examines
the nature of these disagreements along with a number of other
themes that characterize Hayek's lifelong work.
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