The Trend of Economic Thinking

The Iron Curtain has been cast aside. The Berlin Wall has fallen. Germany has been reunited. And F. A. Hayek's forceful predictions of the inevitable failure of socialism and central economic planning are now rendered irrefutable. Yet Hayek still rightfully cautions us to heed his arguments, warning that economics you can never establish a truth once and for all but have always to convince every generation anew. The Trend of Economic Thinking captures Hayek's views on political economists and economic history—on Mandeville, Hume, Cantillon, Adam Smith, and Henry Thornton. Framed by insightful editorial notes, fifteen newly collected essays—including five previously unpublished pieces and two others never before available in English—provide a fascinating introduction to the historical context of political economy and the evolution of monetary practices. In a highlight of the collection, On Being an Economist, Hayek reflects on the influence of economists, the time required for new ideas to take hold, the best way to educate economic theorists, and the need to follow one's own interests, often in opposition to fashionable beliefs. As always, the words of this outspoken scholar are sure to provoke debate

Adam smith · Aside · Communism · Context (archaeology) · Economic science · Economic Thought · Economics · History of economic thought · Neoclassical economics · Opposition (politics) · Political economy · Political science · Politics · Positive economics · Social science · Socialism · Sociology · Economic Theory and Institutions · History · Law · Philosophy

• Neoliberals’ economic liberalism

  Open Access•Roberto Romani•Constellations•2022

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• Organizations and markets

  Open Access•Physica A, Igor Gvozdanovic A et al.•Mathematical Social Sciences•1990

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• Philosophical Perceptions and the Precepts of Political Economy

  Open Access•G R Steele•Scottish Journal of Political…•1993

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• The Emergence of the Theory of the Firm. From Adam Smith to Alfred Marshall

  D P O'Brien, D O’brien et al.•Economica•1980

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• Otto Neurath et la critique du pseudo-rationalisme (leçons épistémologiques des sciences sociales)

  Open Access•Michel Rosier•Dialogue•1986

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• Organizations and Markets

  Nicolai J Fo, Nicolai J Foss et al.•The Oxford Handbook of Austrian…•2015

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• Understanding and avoiding negative consequences of value‐based laws, policies and programmes

  Open Access•Gerhard Fink, Steven E Wallis•Systems Research and Behavioral…•2022

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• Marginalism and Scope in the Early Methodenstreit

  Open Access•Jens Van ’t Klooster, Jhet Assistant•Journal of the History of…•2022

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• The Case of the Missing Potatoes

  Gábor István Bíró•Global Intellectual History•2023

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• Hayek and the Methodenstreit at the LSE

  Jeremy Shearmur•Globalizations•2018

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• The Secularization of Providential Order

  Lars Cornelissen•Political Theology•2017

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• The Changing Face of Methodological Individualism

  Lars Udehn•Annual Review of Sociology•2002

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• Completing the Circle of the Social Sciences? William Beveridge and Social Biology at London School of Economics during the 1930s

  Open Access•Chris Renwick•Philosophy of the Social Sciences•2014

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• Has market coordination been replaced

  Ralph Rector•Critical Review•1987

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• Determinismo e livre arbítrio nas ciências sociais

  Open Access•Francisco Louçã•Brazilian Journal of Political…•2001

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• Swinging All the Way

  Francisco Louçã•History of Political Economy•2004

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• The Interwar Period as a Machine Age

  Open Access•Richard Staley•Science in Context•2018

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• Hayek's Transformation

  Bruce Caldwell, Bruce J Caldwell•History of Political Economy•1988

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