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A Hayekian Economic Model of Thinking

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  • Coca Veronica

    ()
    (“Alexandru Ioan Cuza” University of Iasi)

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    Abstract

    The aim of this paper is to demonstrate that the economical model of thinking developed by Hayek can be verified through the game theory and theory of network. The model of Hayek involves the individual freedom as implicit condition for spontaneous order and economic activity. We have verified the hypothesis: The sum of whole individuals’ utility is greater than the individual’s utility. The analyze is a theoretical one and like instruments we use the game theory and the network theory. The result show that individual wellbeing leads to the welfare society.

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    File URL: http://stec.univ-ovidius.ro/html/anale/RO/cuprins%20rezumate/rezumate2011p1.pdf
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    Bibliographic Info

    Article provided by Ovidius University of Constantza, Faculty of Economic Sciences in its journal Ovidius University Annals, Economic Sciences Series.

    Volume (Year): XI (2011)
    Issue (Month): 1 (May)
    Pages: 413-416

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    Handle: RePEc:ovi:oviste:v:11:y:2011:i:1:p:413-416

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    Web page: http://www.univ-ovidius.ro/facultatea-de-stiinte-economice
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    Related research

    Keywords: methodological individualism; utility; spontaneous order; network effect.;

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