Zhao, Liang and Zhu, Xian Chen (2007): A Discussion on Empirical Micro-Bases of Hayek’s Methodological Individualism.
Download (92Kb) | Preview
There are essential differences in ‘methodological individualism(MI)’ between neoclassic economics and Hayek’s theory. On basis of The Sensory Order, this paper shows relations between Hayek’s MI and it, the micro-bases of Hayek’s MI from contemporarily empirical disciplines, and some viewpoints verified by succeeding ones; then points out some questions that need to be answered henceforth between Hayek’s theory and interdisciplinary studies in modern economics. It is concluded that Hayek’s MI has its empirical micro-bases, and that his interdisciplinary exploration in the youth can help advance modern economics.
|Item Type:||MPRA Paper|
|Institution:||school of economics and management, Nanjing University of Science and Technology,China|
|Original Title:||A Discussion on Empirical Micro-Bases of Hayek’s Methodological Individualism|
|Keywords:||methodological individualism; Hayek; the sensory order; empirical micro-bases; interdisciplinary research in economics|
|Subjects:||B - History of Economic Thought, Methodology, and Heterodox Approaches > B4 - Economic Methodology > B49 - Other
B - History of Economic Thought, Methodology, and Heterodox Approaches > B5 - Current Heterodox Approaches > B53 - Austrian
A - General Economics and Teaching > A1 - General Economics > A12 - Relation of Economics to Other Disciplines
|Depositing User:||liang zhao|
|Date Deposited:||06. Jul 2007|
|Last Modified:||21. Feb 2013 09:44|
Arrow, K.,1994,“Methodological Individualism and Social Knowledge”, The American Economic Review,84(2): 1-9.
Zwirn, G., Nov.,2003,“Methodological Individualism or Methodological Atomism: The Case of Friedrich August von Hayek”, paper presented at the Southern Economic Association meetings, San Antonio, Texas, USA.
Menger, C.,2004, Principles of Economics. Ludwig von Mises Institute; electronic online edition.
Hayek, F.A.,1969, Individualism and economic order. Chicago: The University of Chicago Press.
—1931,Prices and Production. London: Gorge Routledge & Sons.
—1946, “The meaning of competition”, in: Hayek,1969, pp.92-106.
—1961,“The Non Sequitur of the Dependence Effect”, The Southern Economic Journal, vol.XXVII(4): 346-348.
—1963,“The Economics, Science and Politics”, in: Hayek, F.A., 1967, Studies in Philosophy, Politics and Economics, pp.251-269.Chicago: The University of Chicago Press.
—1968,“Competition as A Discovery Procedure”, from: Snow,M.S.,(trans.),2002,The Quarterly Journal of Austrian Economics, 5 (3): 9–23.
—1952,The Sensory Order An Inquiry into the Foundations of Theoretical Psychology, Chicago: The University of Chicago Press.
—1979, Law, Legislation and Liberty, volume Ⅲ, Chicago: The University of Chicago Press.
Witt,U.,1989, “Evolutionary Concepts in Economics”, Eastern Economics Journal,18(4): 405-419.
Vanberg,V.,1994, Rules and Choice in Economics, London-New York: Routledge.
Steele,G.R.,2002, “Hayek's Sensory Order”, Theory & Psychology,12(3): 387-409.
Smith,V.L.,2003,“Constructivist and Ecological Rationality in Economics”，The American Economic Review,93(3): 465-508;
—2005,“Hayek and Experimental Economics”，The Review of Austrian Economics, 18(2): 135-144.
Machlup,F.,1974, “Friedrich von Hayek's Contribution to Economics”, Swedish Journal of Economics, 76(4): 498-531.
Tomlison,J.,1990, Hayek and the Market, London: Pluto Press.
Sternberg,R.J., 2003,Cognitive Psychology(Third Edition), Thomson Learning Asia Pte Ltd.
Rizzello,S.,1999,The Economics of the Mind, Cheltenham, UK.& Northampton, MA, USA: Edward Elgar.
Hebb,D.,1949,The Organization of Behavior, New York: Wiley.
Edelman,G.M.,1982,“Through a computer darkly: Group selection and higher brain function”, Bulletin—The American Academy of Arts and Sciences, XXXVI(1): 20–49
Fuster, J. M., Memory in the cerebral cortex: An empirical approach to neural networks in the human and nonhuman primate, Cambridge,MA: MIT Press,1995. from: Steele, 2002.
Koffka,K.,1935, The Principle of Gestalt Psychology, London: Kegan Paul.
Tooby, J., Cosmides,L.,1992,“The psychological foundations of culture”, in: J.H.Barkow, L.Cosmides, J.Tooby(ed),The Adapted Mind, pp.19-136. New York: Oxford University Press.
Cosmides, L., Tooby, J.,1994,“Better than Rational: Evolutionary Psychology and the Invisible Hand”, the American Economic Review,84(2): 327-332.
—1996,“Are humans good intuitive statisticians after all? Rethinking some conclusions from the literature on judgment under uncertainty”, Cognition,58: 1-73.
Duchaine,B., Cosmides,L., Tooby, J., 2001,“Evolutionary psychology and the brain”, Current Opinion in Neurobiology,11(2): 225-230.
Lieberman,D., Tooby, J., Cosmides,L.,2003,“Does morality have a biological basis? An empirical test of the factors governing moral sentiments relating to incest”, Proc.R.Soc.Lond.,B(2003),270: 819–826.
Knight,F.H.,1921, Risk, Uncertainty and Profit, Boston: Houghton Mifflin company.
Schotter,A.,1981,The Economic Theory of Social Institutions, Cambridge,MA:Cambridge University Press.
Young,H.P.,1998,Individual Strategy and Social Structure: An Evolutionary Theory of Institutions, Princeton: Princeton University Press.
Camerer,C.F.,2003, Behavioral Game Theory: Experiments in Strategic Interaction, Princeton: Princeton University Press.
Camerer,C.F., Fehr,E.,2006,“When Does “Economic Man” Dominate Social Behavior?”, Science, 311(5757): 47-52.
Miller,R.,2002,Paving Wall Street: Experimental Economics & the Quest for the Perfect Market, (Foreword by V.L.Smith), New York: John Wiley & Sons, Inc.
Crockett,S., Smith,V.L.,Wilson,B.J., May 2006,“Exchange and Specialization as a Discovery Process”, working paper.
Kimbroug,E.,Smith,V.L.,Wilson,B.J., June 2006,“Building a Market: From Personal to Impersonal Exchange”, working paper.
—October 2006,“Historical Property Rights, Sociality, and the Emergence of Impersonal Exchange in Long-distance Trade”, working paper.
Zhu,XianChen.,2005, “A Investigation Framework of Common Knowledge Based on Individual Basic Assumptions”, Dong Yue Tribune,2: 42-54.
Denzau,A.T.,North,D.C.,1994,“shared Mental Models: Ideologies and Institutions”, Kyklos,47(1): 3-31.
Mantzavinos,G.,North,D.C.,Shariq,S.,2004, “learning, institutions and economic performance”, Perspectives on Politics,2: 75-84.
Masahiko, Aoki.,2001, Towards a Comparative Institutional Analysis, Cambridge,MA: MIT Press.
North,D.C.,2005, Understanding the Process of Economic Change, Princeton: Princeton University Press.
Wilkinson,W.,2005,“Book Review: Understanding the Process of Economic Change”, CATO Journal,25(1): 172-176.
Mcfadden, D.L., 2000,“Economic Choices”, Nobel Prize lecture.
—August 20,2005,“The New Science of Pleasure-Consumer Behavior and the Measurement of Well-Being ”, Firsch Lecture, Econometric Society World Congress, London.
—January 7, 2006, “Free Markets and Fettered Consumers”, AEA Presidential Address.
Kranton,R.E.,Akerlof,G.A.,2000,“Economics and Identity”, Quarterly Journal of Economics,2000 (115): 715-753.
Akerlof, G.A., 2001,“Behavioral Macroeconomics and Macroeconomic Behavior”, Nobel Prize Lecture.
Zak, P., 2004, “Neuroeconomics”, Phil. Trans. R. Soc. Lond. B (2004), 359: 1737–1748;
Fehr,E.,Fischbacher,U.,2004, “Social norms and human cooperation”, Trends in Cognitive Sciences, 8(4): 185-190.