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A Discussion on Empirical Micro-Bases of Hayek’s Methodological Individualism

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Author Info
zhao, liang
zhu, xian chen

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Abstract

There are essential differences in ‘methodological individualism(MI)’ between neoclassic economics and Hayek’s theory. On basis of The Sensory Order, this paper shows relations between Hayek’s MI and it, the micro-bases of Hayek’s MI from contemporarily empirical disciplines, and some viewpoints verified by succeeding ones; then points out some questions that need to be answered henceforth between Hayek’s theory and interdisciplinary studies in modern economics. It is concluded that Hayek’s MI has its empirical micro-bases, and that his interdisciplinary exploration in the youth can help advance modern economics.

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File URL: http://mpra.ub.uni-muenchen.de/3862/
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Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 3862.

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Date of creation: 05 Jun 2007
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Handle: RePEc:pra:mprapa:3862

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Related research
Keywords: methodological individualism Hayek the sensory order empirical micro-bases interdisciplinary research in economics

Find related papers by JEL classification:
B49 - Schools of Economic Thought and Methodology - - Economic Methodology - - - Other
B53 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Austrian
A12 - General Economics and Teaching - - General Economics - - - Relation of Economics to Other Disciplines

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Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
  1. Arrow, Kenneth J, 1994. "Methodological Individualism and Social Knowledge," American Economic Review, American Economic Association, vol. 84(2), pages 1-9, May.
  2. Sean Crockett & Vernon Smith & Bart Wilson, . "Exchange and Specialization as a Discovery Process," Working Papers 1001, George Mason University, Interdisciplinary Center for Economic Science, revised May 2006. [Downloadable!]
  3. Cosmides, Leda & Tooby, John, 1994. "Better than Rational: Evolutionary Psychology and the Invisible Hand," American Economic Review, American Economic Association, vol. 84(2), pages 327-32, May. [Downloadable!] (restricted)
  4. Denzau, Arthur T & North, Douglass C, 1994. "Shared Mental Models: Ideologies and Institutions," Kyklos, Blackwell Publishing, vol. 47(1), pages 3-31.
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  5. George A. Akerlof & Rachel E. Kranton, 2000. "Economics And Identity," The Quarterly Journal of Economics, MIT Press, vol. 115(3), pages 715-753, August. [Downloadable!] (restricted)
  6. Ulrich Witt, 1992. "Evolutionary Concepts in Economics," Eastern Economic Journal, Eastern Economic Association, vol. 18(4), pages 405-419, Fall. [Downloadable!]
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