Justin Wolfers – Hayek is a Serious Influence on My Own Work

I don’t think I’m going too far out of school if I report that Justin Wolfers in personal correspondence has identified F. A. Hayek as a serious influence on his own work in economics.  Perhaps we shouldn’t be surprised then that Google Scholar identifies 328 publications jointly referencing the work of Wolfers and Hayek.  Which makes even more curious his earlier New York Times blog post.

Justin Wolfers’ web site provides links to many of his numerous publications.

UPDATE:  A scan through the Google Scholar joint “Hayek” and “Wolfers” search shows an “Arnold Wolfers” popping up here and there — but all of the “Hayek” hits seem to reference Hayek, often in association with what Vernon Smith dubbed “The Hayek Hypothesis”. The key overlap conjoining the search for “Hayek” and “Wolfers”would appear to be the voluminous literature on experimental auctions and the “Hayek Hypothesis”.

And a side note — this from Nobel Prize winning economist Vernon Smith:  “Hayek, in my view, is the leading economic thinker of the 20th century.”  (Vernon Smith, “Reflections on Human Action after 50 years”, Cato Journal. Vol. 9, No. 2.  Fall, 1999).

2 comments to Justin Wolfers – Hayek is a Serious Influence on My Own Work

  • [...] F/U on The Texas Schoolboard Massacre March 18, 2010 by jenn1964 Last week the Texas State Board of Education approved new social science and history standards which among other things mandated that the works of F. A. Hayek and Milton Friedman be discussed along with Adam Smith, Karl Marx, and John Maynard Keynes. Today on the NY Times website, in one of the wierdest pieces of reasoning I think I have ever seen published there, Justin Wolpers argues against that inclusion based on the number of cites he can find in an academic journal database. His argument is that despite having been awarded the Nobel Prize in Economics, as well as a Presidential Medal of Freedom, and being recognized as one of the leaders of a small but influential school of economic thought he just doesn’t have enough cites to be considered worthy. So Keynes should be presented without a counterbalancing viewpoint? This seems especially weird given that Wolfers identifies Hayek as a major influence. [...]

  • [...] UPDATE: Wolfers identifies Hayek as a serious influence on his work. [...]

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I liked Keynes, and in many ways admired him, but do not think he was a good economist. — F. A. Hayek

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