Science and Liberty: Social Physics From Comte to Samuelson

Science and Liberty: Social Physics From Comte to Samuelson
Interior of Pengelley & Co furniture factory before fire, c. 1913. State Library of South Australia, Public Domain
Mani Basharzad
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Commentary

In his 1933 lecture at the London School of Economics titled “The Trend of Economic Thinking,” Frederich Hayek identified a shift in economic thought toward planning and interventionism. He argued that the German Historical School and the institutionalists were major contributors to this trend. However, what actually laid the foundation for planning and interventionism in the following years was the formalism of neoclassical theory itself.

Mani Basharzad
Mani Basharzad
Author
Mani Basharzad is an economic journalist with works published by the Adam Smith Institute and the Mises Institute, with interviews covered by global think tanks like the Cato Institute. His research focuses on liberal development economics and Hayek’s Abuse of Reason project. He also hosts the Humanomics podcast.