Elgar Companion to Hayekian Economics

Elgar Companion to Hayekian Economics

Elgar original reference

Edited by Roger W. Garrison and Norman Barry

The Elgar Companion to Hayekian Economics provides an in-depth treatment of Friedrich August von Hayek’s economic thought from his technical economics of the 1920s and 1930s to his broader views on the spontaneous order of a free society. Taken together, the chapters show evidence both of continuity of thought and of significant changes in focus.

Chapter 7: Hayek and Mises

Richard M. Ebeling

Subjects: economics and finance, public choice theory, politics and public policy, public choice

Extract

There is no single man to whom I owe more intellectually, even though he [Ludwig von Mises] was never my teacher in the institutional sense of the word . . . Although I do owe him a decisive stimulus at a crucial point in my intellectual development, and continuous inspiration through a decade, I have perhaps most profited from his teaching because I was not initially his student at the university, an innocent young man who took his word for gospel, but came to him as a trained economist . . . Though I learned that he was usually right in his conclusions, I was not always satisfied with his arguments, and retained to the end a certain critical attitude which sometimes forced me to build different constructions, which however, to my great pleasure, usually led to the same conclusions. (F.A. Hayek, ‘Coping with ignorance’, 1978, pp. 17–18)

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