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Economic History

Jepson School of Leadership Studies articles, book chapters and other publications

Economics

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Full-Text Articles in Economics

F. A. Hayek’S Sympathetic Agents, Sandra J. Peart, David M. Levy Jan 2011

F. A. Hayek’S Sympathetic Agents, Sandra J. Peart, David M. Levy

Jepson School of Leadership Studies articles, book chapters and other publications

In what follows, we show first that, for Hayek, behavior within the small group – the “small band or troop,” or “micro-cosmos” – is correlated, resulting from agents who are sympathetic one with another. We shall argue that sympathy in this context for Hayek entails the projection of one’s preferences onto the preferences of others. With such correlated agency as the default in small-group situations, Hayek attempts to explain the transition from small groups to a larger civilization. We consider the role of projection in Hayek’s system at length, because projection from the local group characterized by a well-defined preference …


Denying Human Homogeneity: Eugenics & Making Of Post-Classical Economics, Sandra J. Peart, David M. Levy Jan 2003

Denying Human Homogeneity: Eugenics & Making Of Post-Classical Economics, Sandra J. Peart, David M. Levy

Jepson School of Leadership Studies articles, book chapters and other publications

The question we propose to address is how did economics move from the classical period characterized by the hardest possible doctrine of initial human homogeneity—all the observed differences among people arise from incentives, luck, and history1—to become comfortable with accounts of human behavior which alleged foundational differences among and within races of people? (Darity 1995) In this paper, we shall argue that early British eugenics thinkers racialized economics in the post-classical period.2