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The Hayek–Sraffa controversy in 1932 – a philosophy of science perspective

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  • Christian Ydesen

Abstract

Analysing the intense controversy between Hayek and Sraffa in 1932, this article throws light on the logical consistency of their arguments and the philosophy of science axioms concerning knowledge, society, and human beings upon which these were based. The purpose is to use the controversy as an example to clarify the elemental preconditions of economic science to validly reach the core of economic theories and thus throw light on their historical and ideological conditions and range and the validity of the knowledge produced. The article uses Imre Lakatos' thoughts on research programmes and formal logic as an analytical tool.

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  • Christian Ydesen, 2016. "The Hayek–Sraffa controversy in 1932 – a philosophy of science perspective," The European Journal of the History of Economic Thought, Taylor & Francis Journals, vol. 23(5), pages 814-834, September.
    • Handle: RePEc:taf:eujhet:v:23:y:2016:i:5:p:814-834
    DOI: 10.1080/09672567.2015.1073770
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    References listed on IDEAS

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    1. Deane, Phyllis, 1983. "The Scope and Method of Economic Science," Economic Journal, Royal Economic Society, vol. 93(369), pages 1-12, March.
    2. Heinz D. Kurz & Neri Salvadori (ed.), 2003. "The Legacy of Piero Sraffa," Books, Edward Elgar Publishing, volume 0, number 2143.
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