Carolina QuotesThere are two elements of Hayek’s background that justify our considering him an Austrian economist: first, that he was raised and went to university in Vienna in the first three decades of the twentieth century, and second, that when he finally decided on economics as his field of study, he was trained within the Austrian tradition in economics.
Bruce Caldwell Connected to the Carolinas
Source
"Hayek and the Austrian tradition", in Edward Feser(ed.), The Cambridge Companion to Hayek (2006)
- year
- 2006
Cite this record
“There are two elements of Hayek’s background that justify ou…” Bruce Caldwell. Carolina Quotes, record CQ-34EE446118. https://carolinaquotes.com/quote/34ee446118
More from Bruce Caldwell
Hayek is a puzzle. Certainly he started out as one for me, now some twenty-odd years ago.
It is probably best to start off by noting that Hayek knew a lot about Mill, probably for a time more than any other contemporary scholar. So we should not underestimate him. Next, what he had to say about Mill, what portion of Mill’s work he drew upon, was very much dictated by the sort of project he was working on. When he was making an argument about how the British liberal tradition lost its bearings, or about how Comtean positivism came to be known and gained influence across Europe, Mill was classed among the perpetrators. When he was writing about what made the British liberal tradition great, Mill could be one of the heroes. There is, I think, no inconsistency in the fact that Hayek could hold both views simultaneously.
In his discussions of spontaneous orders, sometimes Hayek was simply trying to make the point that they exist; that is, he was trying to counter the claim that any beneficent social order needed to be constructed. This view was widespread when he first was writing; the mania for planning was then ubiquitous, so it was a point worth making. In later writings, Hayek sometimes did say, let’s trust to evolved orders rather than constructed ones, but then allowed that sometimes we needed to make piece-meal changes, and he gave no criteria for deciding.