Close

Events

F A Hayek's Nobel at 50: then and now

Hosted by the Hayek Programme in Economics and Liberal Political Economy

In-person and online public event (Auditorium, Centre Building)

Speaker

Professor Bruce J. Caldwell

Professor Bruce J. Caldwell

Chair

Professor Mary S. Morgan

Professor Mary S. Morgan

2024 marks the 50th anniversary of the Nobel Prize won by liberal political economist F.A. Hayek. This lecture will review the life and times of F.A. Hayek and consider the implications of his ideas for contemporary politics. It will feature Bruce Caldwell, a leading historian of economic thought, author of a recently released book Hayek: A Life, 1899–1950. 

The lecture will focus on Hayek’s early life, time at LSE as well as the deeper methodological implications of his academic contributions. 

In his famous Nobel speech, Hayek critiqued the prevailing trend of positivism in social science, advocating instead for methodological pluralism. He argued that the complexity of social phenomena cannot be captured through mechanistic models that attempt to predict human action with scientific precision. Caldwell will discuss Hayek's challenge to the scientific community to recognize the limitations of such mechanistic approaches and the importance of embracing a variety of methodologies to broadly appreciate complex economic and social processes. This lecture will offer an exploration of Hayek's enduring influence on the study of complex phenomena and its implications for contemporary social science today. 

Meet our speaker and chair

Bruce J. Caldwell is Research Professor of Economics at Duke. His research focuses on the history of economic thought, with a specific interest in the life and works of the Nobel Laureate economist and social theorist F. A. Hayek. He is the author of Hayek's Challenge: An Intellectual Biography of F. A. Hayek and since 2002 has served as the general editor of the book series The Collected Works of F.A. Hayek. In 2022 he published Mont Pelerin 1947: Transcripts of the Founding Meeting of the Mont Pelerin Society as well as Hayek: A Life, 1899-1950, the first of a two-volume biography that he is writing with Hansjoerg Klausinger. In 2019-2020 he was a Distinguished Visiting Fellow at the Hoover Institution at Stanford University.

Mary S. Morgan is Albert O. Hirschman Professor of History and Philosophy of Economics in the Department of Economic History at LSE.

More about this event

This event will be available to watch on LSE Live. LSE Live is the new home for our live streams, allowing you to tune in and join the global debate at LSE, wherever you are in the world. If you can't attend live, a video will be made available shortly afterwards on LSE's YouTube channel.

Modern economic thinking needs to reaffirm and engage with sound Hayekian ideas in this age of global interconnectedness, when the world is coming to grips with multitude of challenges, including global pandemic, climate change, social inequities and inequalities, and politico-media complex. This can only be achieved through fostering dialogue among stakeholders, which include researchers, policymakers, experts, and key decision-makers. The Hayek Programme in Economics and Liberal Political Economy at LSE provides a space where this dialogue can happen. This programme aims to contribute to the research and public debate suited to the demands of 21st Century.

Hashtag for this event: #LSEEvents

Featured image (used in source code with watermark added): Photo by Vladimír Krupa 81 via Wikimedia Commons.

LSE Blogs
Many speakers at LSE events also write for LSE Blogs, which present research and critical commentary accessibly for a public audience. Follow British Politics and Policy, the Business Review, the Impact Blog, European Politics and Policy and the LSE Review of Books to learn more about the debates our events series present.

Live captions

Automated live captions are available at this live event. Please note that this feature uses Automatic Speech Recognition (ASR) technology, or machine generated transcription and is not 100% accurate.

Photography

Photographs taken on behalf of LSE are often used on our social media accounts, website and publications. At events, photographs could include broad shots of the audience and lecture theatre, of speakers during the talk, and of audience members as they participate in the Q&A.

If you are photographed participating in an event Q&A but would not like your photograph to be stored for future use, please contact events@lse.ac.uk.

Podcasts
We aim to make all LSE events available as a podcast subject to receiving permission from the speaker/s to do this, and subject to no technical problems with the recording of the event. Podcasts are normally available 1 week after the event. Podcasts and videos of past events can be found online.

Social Media

Follow LSE public events on X for the latest updates on all our events and ticket releases. 

Livestreams and archive videos of past lectures are shared on our YouTube channel while event podcasts can be found on the LSE Player.

Event updates and other information about what’s happening at LSE can be found on our Facebook page and for live photos from events and around campus, follow us on Instagram. 

Attending our events in-person or online? Join the conversation using #LSEEvents.

Accessibility
If you are planning to attend this event and would like details on how to get here and what time to arrive, as well as on accessibility and special requirements, please refer to LSE Events FAQ.  LSE aims to ensure that people have equal access to these public events, but please contact the events organiser as far as possible in advance if you have any access requirements so that arrangements, where possible, can be made. If the event is ticketed, please ensure you get in touch in advance of the ticket release date. Access Guides to all our venues can be viewed online.

WIFI Access
LSE has now introduced wireless for guests and visitors in association with 'The Cloud', also in use at many other locations across the UK. If you are on campus visiting for the day or attending a conference or event, you can connect your device to wireless. See more information and create an account at Join the Cloud.
Visitors from other participating institutions are encouraged to use eduroam. If you are having trouble connecting to eduroam, please contact your home institution for assistance.
The Cloud is only intended for guest and visitor access to wifi. Existing LSE staff and students are encouraged to use eduroam instead.
From time to time there are changes to event details so we strongly recommend that if you plan to attend this event you check back on this listing on the day of the event.
How can I attend? Add to calendar

This public event is free and open to all. This event will be a hybrid event, with an in-person audience and an online audience. 

For the in-person event: No ticket or pre-registration is required. Entry is on a first come, first served basis. 

For any queries see LSE Events FAQ.

For the online event: Registration for this event will open after 10am on Tuesday 22 October.

For any queries email events@lse.ac.uk.

Share

  Sign up for news about events