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189959

(2013) Hayek and behavioral economics, Dordrecht, Springer.

Subjectivism and explanations of the principle

their relationship with methodological individualism and holism in Hayek's theory

Stefano Fiori

pp. 263-277

In Hayek's theory, subjectivism constitutes the methodological basis for the understanding of human behavior and of agents' interactions which unintentionally engender social orders, while the "explanations of the principle" are invoked in consequence of the practical impossibility of knowing all the events which determine the rise of abstract orders. Given this limit, explanations of the principle are general theoretical tools by means of which to examine evolutionary processes.

Publication details

DOI: 10.1057/9781137278159_11

Full citation:

Fiori, S. (2013)., Subjectivism and explanations of the principle: their relationship with methodological individualism and holism in Hayek's theory, in R. Frantz & R. Leeson (eds.), Hayek and behavioral economics, Dordrecht, Springer, pp. 263-277.

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