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  • Cited by 5
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    This article has been cited by the following publications. This list is generated based on data provided by CrossRef.

    Levy, David M. 1999. Adam Smith's Katallactic Model of Gambling: Approbation from the Spectator. Journal of the History of Economic Thought, Vol. 21, Issue. 01, p. 81.

    Sent, Esther-Mirjam 1999. Economics of science: survey and suggestions. Journal of Economic Methodology, Vol. 6, Issue. 1, p. 95.

    Davis, George C. 1995. Product Differentiation and Representative Agent Import Demand Systems: A Reconsideration and Reconciliation. Canadian Journal of Agricultural Economics/Revue canadienne d'agroeconomie, Vol. 43, Issue. 1, p. 149.

    Burczak, Theodore A. 1994. The Postmodern Moments of F. A. Hayek'S Economics. Economics and Philosophy, Vol. 10, Issue. 01, p. 31.

    Elsner, Wolfram 1989. Adam Smith’s Model of the Origins and Emergence of Institutions: The Modern Findings of the Classical Approach. Journal of Economic Issues, Vol. 23, Issue. 1, p. 189.


The Impossibility of a Complete Methodological Individualist: Reduction When Knowledge Is Imperfect

  • David M. Levy (a1)
  • DOI:
  • Published online: 01 December 2008

F. A. Hayek is uniquely responsible for his fellow economists grasping the importance of the decentralization of knowledge: as Hayek shows in his pathbreaking “The Use of Knowledge in Society,” knowledge nowhere exists as a coherent whole and to pretend otherwise is a most serious error. Hayek also shares responsibility for the popularity of a strong form of the methodological individualist research program which asserts that since collectives as such have no impact on the choices of individuals, investigators ought to purge any reliance on collectives from our analysis.

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Economics & Philosophy
  • ISSN: 0266-2671
  • EISSN: 1474-0028
  • URL: /core/journals/economics-and-philosophy
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