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Hayek and Market Socialism: science, ideology and public policy

Peter Boettke, George Mason University, USA, will speak on Hayek and Market Socialism on Tuesday 19 October at the London School of Economics and Political Science (LSE).

Hayek is better appreciated for his ideological stance than his scientific contributions. While this is understandable given the ideological nature of the debates within which Hayek made his contributions to economics (for example his dispute with Keynes and with Lange/Lerner), Professor Boettke will argue that this belief is mistaken and that Hayek's ideological position was derived from his scientific understanding of economics, not the other way around.

If Hayek's message is to be understood, it will demand a reorientation in economics, both theoretically and empirically, and will result in radical change in our self-understanding and our role in public policy discourse.

Peter Boettke is a professor of economics at George Mason University, USA, where he also serves as research director at the Mercatus Center and deputy director of the James M. Buchanan Center for Political Economy. His published works include The Political Economy of Soviet Socialism: the formative years, 1918-1928, and Calculation and Coordination: essays on Socialism and transitional political economy.

Professor Boettke is one of the leading representatives of the modern Austrian School of Economics and has served as the editor of the Review of Austrian Economics since 1998. He is also editor of The Legacy of FA Hayek: philosophy, politics and economics, three volumes.

Professor Tim Besley, director of the Suntory and Toyota International Centres for Economics and Related Disciplines at LSE, will chair this event.

Hayek and Market Socialism: science, ideology and public policy is on Tuesday 19 October at 6pm in the Old Theatre, Old Building, LSE, Houghton Street, London WCA. This lecture is free and open to all with no ticket required.


To request a press seat, please contact Jessica Winterstein, LSE Press Office, on 020 7955 7060 or email j.winterstein@lse.ac.uk| 

12 October 2004