Commentaire sur &amp;#x201C;économie et connaissance&amp;#x201D; de F. H. Hayek

Aimar, Thierry

doi:10.3917/cep.043.0105

Cited by 2 publications

(3 citation statements)

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“…The methodological positions of Hayek generate a lot of debates (see for, example, Aimar, 2002; Butos, 2003; Légé, 2007; Tuerck, 1995). While sharing the subjectivist and methodological dualist positions of Menger and Mises, Hayek diverges from them on matters of epistemology—more precisely, he accepted the Popperian philosophy of science; according to which, the hallmark of any scientific theory is its openness to empirical falsification (Hayek, 1964).…”

Section: The Improbable Link Between Econophysics and The Hayekian Frmentioning

confidence: 99%

“…He simply assumed that such a solution will be attained because uncertainty creates possible opportunities for people. This point still generates a lot of debates in the economic literature (Aimar, 2002; Butos, 2003; Légé, 2007).…”

Section: Introduction: the Hayekian Frameworkmentioning

confidence: 99%

“…In the same vein, despite his rejection of the universal law (Hayek, 1937), Hayek provided a social theory based on the notion of emergence that, paradoxically, appears as an implicit universal law for complex economic systems. This article does not aim at debating these issues (see Aimar, 2002; Butos, 2003; Légé, 2007 for further details on these debates), but it rather shows how the existence of these debates pave the way to a potential conceptual bridge between the Hayekian framework and a new area of knowledge coming from physics that is called ‘econophysics’. In line with the Hayekian framework, econophysics (as I will explain it in the following section) deals with the emergence of a spontaneous order taking the form of a statistical invariance.…”

Section: Introduction: the Hayekian Frameworkmentioning

confidence: 99%

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Hayek and the Use of Physics in Economics: Towards a Progressive Synthesis?

Schınckus

2017

Journal of Interdisciplinary Economics

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F. Hayek is known as an economist and a political philosopher who provided a specific social theory based on the idea of spontaneous order. This order state comes from a process that Hayek called ‘catallaxy’ and that results from a particular phenomenon of emergence. In this context, social systems such as money, market or language are presented as spontaneous orders, resulting from a particular evolutionary process of society. Although Hayek is well known to be an opponent of importation of physical concepts into economics, this article proposes a parallel between the Hayekian theory and a new field called ‘econophysics’. More precisely, I will show how the way of characterizing the phenomenon of emergence by econophysicists might, to some extent, be an analytical characterization of the Hayekian emergence. This claim will be explained and illustrated with the presentation of econophysical works describing money and language as a spontaneous order taking the form of a power law. The last section will discuss the debates about the methodological relevance to associate Hayek’s theory with an area of knowledge coming from physics and the potential\economic implications of such a rapprochement. JEL: B25, B41, P11

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