Hayek's Political Economy

In a society where no central agency coordinates the human activity of producing, selling and buying, why is there order and not chaos? This fundamental question has taxed generations of economists. Hayek’s notion of spontaneous order goes some way to providing an answer. Hayek’s Political Economy argues that afer explicitly rejecting positivism, Hayek was free to embrace reality and offer an explanation of the process involved in bringing about order.

Author Biography

Steve Fleetwood spent most of his adult life as a professional cycle racer. After retiring from his sporting career, he studied social studies and economics at Liverpool Polytechnic and Cambridge University. He has a PhD from Cambridge and is now Senior Lecturer at De Montfort University.