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Hayek the Neoclassical Font: A Review Essay on Hayek's Challenge

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07/30/2014Sudha R. Shenoy

Volume 11, No. 2 (2008)

 

Caldwell sets out to answer the question: what can neoclassical economists of the late twentieth/early twenty-first century, learn from Hayek's writings? His reply constitutes an intellectual tour de force of the neoclassical approach. If neoclassical economists read only one book on Hayek, this would have to be it. Caldwell is not just sympathetic and open, his objective is nothing less than to demonstrate to neoclassical economists, clearly and trenchantly, just how much they have to gain from certain of Hayek's writings. He succeeds remarkably.

Author:

Sudha R. Shenoy

Sudha Shenoy (1943–2008) was a lecturer in economic history at the University of Newcastle, Australia. She held visiting posts at California State University, Hayward; Ohio University, Athens; George Mason University; and the Mises Institute. She was the author of India: Progress or Poverty (London, IEA, 1971), Underdevelopment and Economic Growth (London: Longman, 1970), and articles in the South African Journal of Economic and Management Sciences and other journals, as well as book chapters. She is also the editor of A Tiger By the Tail: The Keynesian Legacy of Inflation by F.A. Hayek. See her interview in the Austrian Economics Newsletter.

Cite This Article

Shenoy, Sudha. "Hayek the Neoclassical font: A Review Essay on Hayek's Challenge." The Quarterly Journal of Austrian Economics 11, No. 2 (2008): 144–153.

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