Social Science Research Council

Economics and the Public Sphere: The Rise of Esoteric Knowledge, Refeudalization, Crisis and Renewal

After receiving the National Bank of Sweden’s 1973 ‘Nobel’ Prize in economics – shared with development economist Gunnar Myrdal – Friedrich von Hayek (1899-1992) held an unusual dinner speech where he quite explicitly criticized the prestigious prize he had just received: “…if I had been consulted whether to establish a Nobel Prize in economics, I […]