Publications [#384037] of Bruce J. Caldwell

Chapters in Books

1. Caldwell, B, Hayek, Friedrich August von (1899-1992), in New Palgrave Dictionary of Economics Third Edition (January, 2018), pp. 5670-5679 [doi]
   (last updated on 2026/01/18)

   Abstract:
   This article reviews the major intellectual contributions of the Austrian-born Nobel laureate Friedrich Hayek. Within economics, Hayek made contributions to many areas, among them monetary theory, trade cycle theory, and capital theory. His ‘knowledge-based’ critique of socialism and subsequent work on ‘the knowledge problem’ are widely viewed as seminal contributions to economics. Hayek also did substantial work in such fields as political theory, the methodology of the social sciences, psychology and intellectual history. Finally, his writings on spontaneous orders and his ‘theory of complex phenomena’ anticipated later developments in such areas as complexity theory and agent-based modelling.