Definitions
from Wiktionary, Creative Commons Attribution/Share-Alike License.
- adjective Of or pertaining to economic theories of Friedrich Hayek.
- noun The
proponent of economic theories of Friedrich Hayek.
Etymologies
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Examples
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The wisdom of crowds idea is not some brilliant scheme for how to get uncompensated labor, it is a lesson in Hayekian distributed knowledge — if you ask internet users to name their favorite movies you will get … a list of movies internet users feel the need to share their love of.
The Wisdom of Mobs 2008
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This is why I don't buy what has been called the Hayekian argument against gay marriage, after F.A. Hayek, the economist and philosopher who celebrated social orders that emerge from below rather than being imposed from above.
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But, that is only a variation on the theme - you think that better use of expert knowledge is needed for better results in monetary policy, what is far cry from "Hayekian" idea against expert knowledge in general, you cited in the beginning.
Should the Fed be Audited?, Arnold Kling | EconLog | Library of Economics and Liberty 2009
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This is where 'Hayekian' knowledge is needed most.
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The masses probably will not be moved by "Hayekian" thought.
The Adam Smith Institute Blog Junksmith 2010
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They want to say that his ideas are correct, that the econmic mainstream is wrong, and that society would benefit from applying Hayekian/Austrian policy prescriptions to the modern economy.
The Volokh Conspiracy » Does Hayek Belong in High School Economics Classes? 2010
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But it is certainly not the case that the old Austrian and Hayekian view on monetary policy and its role in asset bubbles is wrong or irrelevant.
The Volokh Conspiracy » Does Hayek Belong in High School Economics Classes? 2010
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Finally, as an aside, it's funny to describe the GPL as anti-Hayekian, when one of Hayek's main arguments is that the person on the spot has the best understanding of his or her needs.
Comments on Hayek, Arnold Kling | EconLog | Library of Economics and Liberty 2009
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“They want to say that his ideas are correct, that the econmic mainstream is wrong, and that society would benefit from applying Hayekian/Austrian policy prescriptions to the modern economy.”
The Volokh Conspiracy » Does Hayek Belong in High School Economics Classes? 2010
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“They want to say that his ideas are correct, that the econmic mainstream is wrong, and that society would benefit from applying Hayekian/Austrian policy prescriptions to the modern economy.”
The Volokh Conspiracy » Does Hayek Belong in High School Economics Classes? 2010
Comments
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