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The development of Professor Hayek's research programme

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Discusses the ideas and theories of Professor F.A. Hayek and assesses their relevance to present day social economics. Opens with the theory of business-cycles and compares Hayek's ideas with those of Keynes in this area. Follows on with dynamic market theory and the theory of evolution of social institutions. Concludes with a summary of all three expanding their legacy - that they are models for future research.
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Keywords: Business Cycles; Centralization; Decentralization; Economic Systems; Economic Theory; Keynesian School

Document Type: Research Article

Publication date: June 1, 1995

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