Skip to main content Accessibility help
×
Hostname: page-component-848d4c4894-wg55d Total loading time: 0 Render date: 2024-05-17T15:01:11.003Z Has data issue: false hasContentIssue false

4 - Hayek, the Scottish school, and contemporary economics

Published online by Cambridge University Press:  24 March 2010

Gordon C. Winston
Affiliation:
Williams College, Massachusetts
Richard F. Teichgraeber III
Affiliation:
Tulane University, Louisiana
Get access

Summary

In his own account of his intellectual formation, F. A. Hayek has always acknowledged his indebtedness to the thinkers of the Scottish school and, above all, to Ferguson, Smith, and Hume. Indeed, in his contributions to the intellectual history of classical liberal political economy and social philosophy, Hayek has gone so far as to distinguish two divergent and opposed intellectual traditions – that of the French Enlightenment, which he sees as inspired ultimately by a variation of Cartesian rationalism, and that of the Scottish Enlightenment, with its roots in a Christian and skeptical recognition of the limits of human understanding – and has identified himself explicitly with the Scottish tradition. That Hayek's thought converges with that of the leading Scottish political economists on many fundamental questions is not in serious doubt and can easily be demonstrated. At the same time, the thought of the Scottish school is only one of the influences that have shaped Hayek's complex intellectual makeup, and these other influences, especially that of his teachers in the Austrian school, are responsible for many of the points of sharp and real divergence between Hayek and the Scottish philosophers. It is by virtue of these other influences that we may say that Hayek's thought diverges from that of the Scottish philosophers as often as it converges with it – and, often enough, in ways Hayek has not himself perceived.

Type
Chapter
Information
Publisher: Cambridge University Press
Print publication year: 1988

Access options

Get access to the full version of this content by using one of the access options below. (Log in options will check for institutional or personal access. Content may require purchase if you do not have access.)

Save book to Kindle

To save this book to your Kindle, first ensure coreplatform@cambridge.org is added to your Approved Personal Document E-mail List under your Personal Document Settings on the Manage Your Content and Devices page of your Amazon account. Then enter the ‘name’ part of your Kindle email address below. Find out more about saving to your Kindle.

Note you can select to save to either the @free.kindle.com or @kindle.com variations. ‘@free.kindle.com’ emails are free but can only be saved to your device when it is connected to wi-fi. ‘@kindle.com’ emails can be delivered even when you are not connected to wi-fi, but note that service fees apply.

Find out more about the Kindle Personal Document Service.

Available formats
×

Save book to Dropbox

To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Dropbox.

Available formats
×

Save book to Google Drive

To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Google Drive.

Available formats
×