Comments on Hayek
An interesting collection of comments on the influence of Friedrich Hayek, from the latest issue of Reason. For example, cognitive psychologist Steven Pinker writes,
Hayek was among the first to call attention to the emergence of large-scale order from individual choices. The phenomenon is ubiquitous, and not just in economic markets: What makes everyone suddenly drive SUVs, name their daughters Madison rather than Ethel or Linda, wear their baseball caps backwards, raise their pitch at the end of a sentence? The process is still poorly understood by social science, with its search for external causes of behavior, but is essential to bridging the largest chasm in intellectual life: that between individual psychology and collective culture.
For Discussion. How will Hayek’s ideas be used in this century?