Capitalism, Socialism and Knowledge

F.A. Hayek's work has stimulated, challenged and inspired economists for more than 50 years. In two distinct but complementary volumes, The Economics of F.A. van Hayek explores all relevant aspects of Hayek's theory to investigate whether a synthesis of interpretation is possible and to what extent his economic theory is a sound foundation for both his own philosophy and the development of modern theories.


Capitalism, Socialism and Knowledge, the second volume, focuses on topics related to Hayek's methodological and philosophical contributions which are usually less discussed by economists. This volume includes essays on Hayek's theory of competition and capital, the socialist calculation debate and the various philosophical and methodological aspects of his thought.


Featuring discussion of Hayek's legacy by economists from a variety of theoretical traditions, the contributors to these volumes argue that although his theory and very own particular approach make it difficult to incorporate his contributions into mainstream economics, his far-reaching insights nevertheless raise problems which are still waiting for a solution in modern technical economics.