Digital Commons Network^™

[Introduction To] F.A. Hayek And The Modern Economy: Economic Organization And Activity, Sandra J. Peart, David M. Levy

Bookshelf

What is the role of human agency in Friedrich Hayek's thought? This volume situates Hayek's writing as it relates to economic organization and activity, particularly to assess what role Hayek assigns to leaders in determining economic progress. Peart and Levy explore the scope for policy makers leading the economy through crisis, how much agency policy makers should assume, and the leadership role that economists should legitimately play in the development and implementation of new economic policy.

Hayek held that economists should take center stage in terms of advocating economic policy but his was a quite different sort of advocacy. He …