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La Place De Sensory Order Dans L'Oeuvre De F.A.Hayek

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  • Jack BIRNER

Abstract

The perception of individuals plays a central role in the business cycle theory that Hayek developed in the 1930s. Yet it does not make use of the psychology of perception which he had worked out in 1920, and which was published in 1952 as The Sensory Order. Is this a paradox? No! The Sensory Order’s main purpose is to present a mind-body theory, and the psychology of perception it contains serves as an illustration of that theory. The parts of Hayek’s work that were influenced by The Sensory Order are his methodology and his social philosophy rather than his economics.

Suggested Citation

  • Jack BIRNER, 2006. "La Place De Sensory Order Dans L'Oeuvre De F.A.Hayek," Cahiers d’économie politique / Papers in Political Economy, L'Harmattan, issue 51, pages 109-138.
    • Handle: RePEc:cpo:journl:y:2006:i:51:p:109-138
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    File URL: http://www.cairn.info/acheter_article.php?ID_ARTICLE=CEP_051_0109
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    Cited by:

    1. Nathanaël Colin-Jaeger & Thomas Delcey, 2020. "When efficient market hypothesis meets Hayek on information: beyond a methodological reading," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) hal-01933895, HAL.
    2. Nathanaël Colin-Jaeger & Thomas Delcey, 2020. "When efficient market hypothesis meets Hayek on information: beyond a methodological reading," Post-Print hal-01933895, HAL.

    More about this item

    JEL classification:

    • B25 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Historical; Institutional; Evolutionary; Austrian; Stockholm School
    • B40 - Schools of Economic Thought and Methodology - - Economic Methodology - - - General
    • B41 - Schools of Economic Thought and Methodology - - Economic Methodology - - - Economic Methodology
    • B53 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Austrian

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