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

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  • Zhao, Liang
  • Zhu, Xian Chen

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.

Suggested Citation

  • Zhao, Liang & Zhu, Xian Chen, 2007. "A Discussion on Empirical Micro-Bases of Hayek’s Methodological Individualism," MPRA Paper 3862, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:3862
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    File URL: https://mpra.ub.uni-muenchen.de/3862/1/MPRA_paper_3862.pdf
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    References listed on IDEAS

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    More about this item

    Keywords

    methodological individualism; Hayek; the sensory order; empirical micro-bases; interdisciplinary research in economics;

    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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