Beck, Naomi
Hayek and the Evolution of Capitalism
- ISBN 13:
- 9780226556000
- author:
- Beck, Naomi
- format:
- Hardback
- publisher:
- University of Chicago Press
- language:
- English
- Publication Year:
- 2018
- Pages:
- 208
- Dimensions:
- 22.9 x 15.2 centimetres (0.67 kg
- Genre:
- Business, Economic History, History
- Condition:
- New
- Availability:
- Item usually sent within 10 working days
Description
F. A. Hayek's vision of markets and society is rooted in an unlikely place: evolutionary science. Naomi Beck explores this lesser-known aspect of Hayek's thought, revealing how his ideas on free market behavior were influenced by the principles of group selection. Hayek argued that capitalism emerged as a result of group selection, where groups adopting free market behavior expanded more successfully than others. However, Beck shows that this attempt at a scientific grounding for Hayek's principles is flawed, plagued by incoherencies and misinterpretations of the underlying science. As the world grapples with crises and reconsiders the role of capitalism, Beck's examination of Hayek's thought and its failure offers a timely and instructive insight into the evolution of capitalism.
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