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2 results

  • 10 - Behavioural Economics and Bounded Rationality

  • from Part IV - The Weakening of the Paradigm
  • Alessandro Roncaglia, Università degli Studi di Roma 'La Sapienza', Italy
  • Book:
    The Age of Fragmentation
    Published online:
    25 November 2019
    Print publication:
    05 December 2019, pp 247-264

  • Summary

    In the framework of a critical illustration of the contemporary history of economics, this chapter provides an (original) illustration of Hayek’s thought: his formative years, his contributions to the theory of the trade cycle and the theory of capital and the subsequent debates with Sraffa and Kaldor, his theory of the spontaneous order and of the market as a mechanism of knowledge diffusion, his political individualism and the similarities to and differences from the notions of methodological individualism, liberism and liberalism, his thesis on the denationalization of money.