Bruce Caldwell, HOPE Center Director, presented a lecture, “FA Hayek’s Nobel at 50: Then and Now,” at the London School of Economics. The lecture commemorated the 50th anniversary of the Nobel Prize won by liberal political economist F.A. Hayek.
In his Nobel lecture Hayek argued that economics is a scientific discipline, but one that faces limits because it studies the complex adaptive order that is the economy. In his lecture Caldwell highlights the importance of methodological issues for Hayek, shows how Hayek came to hold the views that he did, and contrasts them with those of Gunnar Myrdal, with whom he shared the Nobel Prize. Caldwell concludes by exploring the lessons that Hayek's lecture might hold for today.
Listen to Caldwell’s lecture here.
