Papers from the 2010 History of Economics conference (pdf): Stefan Kolev, “Hayek as an Ordo-Liberal”. Régis Servant, “The search for good social rules: object of science or of democratic choice? The case of Hayek as opposed to constitutional political economy”. … Continue reading →
It is likely that many modern economists would have no difficulty accepting Hayek’s statement of the problem [of macroeconomics] as roughly equivalent to their own. Whether or not this is so, I wish .. to argue that it should be so, or that the most rapid progress toward a coherent and useful aggregate economic theory will result from the acceptance of the problem statement as advanced by [Hayek]
— Robert Lucas
