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Hayek and Market Socialism

Science, Ideology and Public Policy

Originally published in Economic Affairs

This article sets out how Hayek's critique of classical and market socialism led to the development of his wide-ranging research programme in the social sciences and shows that the implications of this research programme remain crucial to academic research and public policy in the twenty-first century.

F. A. Hayek's significant intellectual contribution to a number of scholarly disciplines was grounded in his critique of socialist economics. This article sets out how Hayek's critique of classical and market socialism led to the development of his wide-ranging research programme in the social sciences and shows that the implications of this research programme remain crucial to academic research and public policy in the twenty-first century.