Friedrich Hayek’s economic and social thought is systematically reassessed in Bruce Caldwell’s demanding new book Hayek’s Challenge: An Intellectual Biography of F. A. Hayek (2004). Although Caldwell explains insightfully the development of the Nobel Laureate’s substantive work, his claims about the transformation of Hayek’s methodological commitments raise questions.

Gerald P. O’Driscoll, Jr. is a senior fellow at the Cato Institute.
EconomistsEconomyPhilosophy and Religion
Other Independent Review articles by Gerald P. O’Driscoll, Jr.
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