Economics never labels anything any more. Well, more accurately, it does; only now it hardly ever uses labels formed from people’s names. Hayek’s ideas, however, are seamlessly intertwined with so much of modern academic economics that, indeed, practically everyone in the profession has come into contact with or uses (lowercase) hayekian insights. What this does for intellectual history is likely unfortunate.
Danny Quah
Danny Quah is head of the Department of Economics at the London School of Economics.
