Today is Hayek's 116th birthday and his ideas and personal history have become a growth industry. At the F. A. Hayek Program for Advanced Study in Philosophy, Politics and Economics are hopefully contributing to the growth in the realm of ideas with our teaching, scholarship and professional engagement with editing journals and leadership in scientific associations.
I am currently writing a book on Hayek's ideas that will be published by Palgrave-Macmillan in the Great Thinkers in Economics series.
Don Boudreaux just published a wonderful introductory work with the Fraser Institute on Hayek's economics as well.
Forthcoming in the RAE will be a symposium on Hayek's Nobel Prize in 1974 and his analytical legacy in economic science featuring Israel Kirzner, Edmund Phelps, Eric Maskin, Vernon Smith, and a previously unpublished piece by James M. Buchanan. There is also a forthcoming issue of Advances in Austrian Economics dealing with Hayek's legacy in philosophy, politics and economics.
And next fall Richard Epstein has agreed to give a public lecture on the continuing relevance of Hayek's The Constitution of Liberty.
Our purpose is not hagiographic, but instead to continually work to build a progressive research program in the sciences humaines et sociales, and to educate a new generation of teachers/scholars in this mainline tradition of political economy. That, we would argue, is the most fitting tribute we can make to the amazing legacy of scholarship and intellectual courage that Hayek represented in his lifetime. So thank you Professor Hayek for your example, but more importantly for the fresh and wonderful ideas you developed and for the open avenues of inquiry that continue to flow from those fundamental contributions to the study of man.
Nobody can be a great economist who is only an economist – and I am even tempted to add that the economist who is only an economist is likely to become a nuisance if not a positive danger.
- F. A. Hayek, “The Dilemmas of Specialization” (1956)