The Political Economy of F.A. Hayek

Gordon, Scott. “The Political Economy of F.A. Hayek.” Canadian Journal of Economics 14 (1981): 470–487.


“Why should a book on political philosophy be reviewed in an economics journal? If one reads the “Note to contributors” published regularly on the back cover of this journal, it would be difficult to believe that its editors would countenance such a use of their scarce resources. Perhaps the criteria there stated are relaxed when the author of the book is one who was once a distinguished economist, since, like other members of collegial groups, economists are interested in what the alumni have been doing lately. In the case of Hayek, such a justification may be sufficient, but it is not necessary, since his writings on political philosophy are so intimately connected with economic theory as to constitute virtually an application or extension of economics.”