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Ecological economics and the politics of knowledge : the debate between Hayek and Neurath.

Research output: Contribution to journalJournal articlepeer-review

Published
<mark>Journal publication date</mark>05/2004
<mark>Journal</mark>Cambridge Journal of Economics
Issue number3
Volume28
Number of pages17
Pages (from-to)431-447
Publication StatusPublished
<mark>Original language</mark>English

Abstract

Hayek's epistemic arguments against planning were aimed not just against socialism but also the tradition of ecological economics. The concern with the physical preconditions of economic activity and defence of non-monetary measures in economic choice were expressions of the same rationalist illusion about the scope of human knowledge that underpinned the socialist project. Neurath's commitment to physicalism, in natura calculation and planning typified these errors. Neurath responded to these criticisms in unpublished notes and correspondence with Hayek. These highlighted the epistemological premises his work shared with Hayek's, representing a response to Hayek from Hayek's own assumptions. This paper examines the cogency and continuing relevance of the arguments in this debate.