The unexpected fertility of Hayek's cognitive theory: An introduction to The social science of Hayek's “The sensory order”

Abstract

Purpose – Overview of Hayek's cognitive theory and the contributions of chapters. Methodology/approach – Perspective on significance of Hayek's cognitive theory for the social sciences. Findings – Hayek's cognitive theory provides insight into his oeuvre; more importantly, it is relevant for social theory in its own right. Research limitations/implications – Hayek's cognitive theory warrants further attention by economists and social theorists interested in evolutionary social processes. Originality/value of paper – To counter a widespread view that the contribution to economics and social science of Hayek's cognitive theory is largely confined to methodology. Hayek's cognitive theory also provides a useful framework for furthering the understanding of evolution within the social realm.