Scholars@Duke
Bruce J. Caldwell

Bruce J. Caldwell

Research Professor of Economics
Economics
bruce.caldwell@duke.edu
Box 90097, Durham, NC 27708
07G Social Sciences, Box 90097, Durham, NC 27708
Office hours By appointment  

Selected Publications

Methodology and history of economics: Reflections with and without rules

Book · August 18, 2022 This edited volume provides an in-depth exploration into the influential work of Wade Hands, examining the changing relationship between methodology and the history of economics in connection with contemporary developments in economics. The papers in this ... Full text Cite

Jhet interviews: Karen Vaughn

Journal Article Journal of the History of Economic Thought · September 6, 2021 Full text Cite

The Road to Serfdom after 75 Years

Journal Article Journal of Economic Literature · September 1, 2020 This paper revisits Friedrich Hayek's book, The Road to Serfdom, on the seventy-fifth anniversary of its publication. Though the book is well-known, its arguments are often mischaracterized. The paper traces the origins of the book, noting the various peop ... Full text Cite

Socialism and war: Essays, documents, reviews

Book · January 1, 2020 Throughout the twentieth century socialism and war were intimately connected. The unprecedented upheavals wrought by the two world wars and the Great Depression provided both opportunity and impetus for a variety of socialist experiments. This volume in Th ... Full text Cite

Keynes and hayek

Journal Article History of Political Economy · February 1, 2019 Full text Cite

Reflecting on beyond positivism at thirty-five

Chapter · January 1, 2018 In 1982 my book Beyond Positivism: Economic Methodology in the Twentieth Century was published. At the 2017 History of Economics Society meeting, a session was held to mark the 35th anniversary of that event. Papers by Wade Hands, Kevin Hoover, Tony Lawson ... Full text Cite

Hayek, Friedrich August von (1899-1992)

Chapter · January 1, 2018 This article reviews the major intellectual contributions of the Austrian-born Nobel laureate Friedrich Hayek. Within economics, Hayek made contributions to many areas, among them monetary theory, trade cycle theory, and capital theory. His ‘knowledge-base ... Full text Cite

F. A. Hayek and the economic calculus

Journal Article History of Political Economy · March 1, 2016 This article offers a revisionist account of certain episodes in the development of F. A. Hayek’s thought. It offers a new reading of his 1937 paper, “Economics and Knowledge,” that draws on unpublished lecture notes in which he articulated more fully the ... Full text Cite

Hayek's Nobel

Journal Article Advances in Austrian Economics · January 1, 2016 The paper offers a number of vignettes surrounding Friedrich A. Hayek's receipt of the Nobel Prize. It examines Hayek's life before he got the prize, describes the events in Stockholm, and offers a summary of the main themes of his Prize Lecture. It then e ... Full text Cite

Friedrich Hayek and his visits to Chile

Journal Article Review of Austrian Economics · September 13, 2015 F. A. Hayek took two trips to Chile, the first in 1977, the second in 1981. The visits were controversial. On the first trip he met with General Augusto Pinochet, who had led a coup that overthrew Salvador Allende in 1973. During his 1981 visit, Hayek gave ... Full text Cite

Beyond positivism

Book · July 20, 2015 Since its publication in 1982, Beyond Positivism has become established as one of the definitive statements on economic methodology. The book's rejection of positivism and its advocacy of pluralism were to have a profound influence in the flowering of work ... Full text Cite

George Soros: Hayekian?

Journal Article Journal of Economic Methodology · December 1, 2013 This paper examines many similarities in the methodological and ontological views of George Soros and Friedrich Hayek. © 2014 © 2014 Taylor & Francis. ... Full text Cite

Remembering mark blaug

Journal Article · November 29, 2013 Full text Cite

Preface

Chapter · October 8, 2013 Cite

The historiography of economics: British and American economic essays, Volume III

Book · October 8, 2013 This is the third and final volume of collected papers of A.W. Bob Coats. Coats began to collect material for this volume in the years following the publication of the second volume in 1993, but sadly died in 2007, before the work was completed. The volume ... Full text Cite

Of Positivism and the History of Economic Thought

Journal Article Southern Economic Journal · April 2013 Full text Open Access Cite

Studies on the abuse and decline of reason: Text and documents

Journal Article Studies on the Abuse and Decline of Reason Text and Documents · January 1, 2013 “The studies of which this book is the result have from the beginning been guided by and in the end confirmed the somewhat old-fashioned conviction of the author that it is human ideas which govern the development of human affairs,” Hayek wrote in his note ... Full text Cite

Insights from Friedrich Hayek

Chapter · January 1, 2013 Full text Cite

Keynes and Hayek: Some commonalities and differences

Journal Article Journal of Private Enterprise · December 12, 2011 In this paper I will reflect on the relationship, both personal and intellectual, between John Maynard Keynes and Friedrich Hayek. Although they were intellectual rivals, the history of their relationship is more complex and nuanced than the usual characte ... Cite

The Chicago school, Hayek, and neoliberalism

Journal Article · January 1, 2011 Friedrich A. Hayek taught at the University of Chicago from the fall semester of 1950 through 1962, a period during which the second, or new, Chicago School of Economics was formed. The question naturally arises: What was his role in its formation? A quick ... Full text Cite

Review of robust political economy: Classical liberalism and the future of public policy

Journal Article Journal Des Economistes Et Des Etudes Humaines · January 1, 2011 Full text Cite

A skirmish in the Popper wars: Hutchison versus Caldwell on Hayek, Popper, Mises, and methodology

Journal Article Journal of Economic Methodology · December 1, 2009 The paper is a reminiscence of T.W. Hutchison by way of a retrospective view of our debate over the relationship between the ideas of Karl Popper, F. A. Hayek, and Ludwig von Mises on methodology. Our dispute was part of a larger debate over the relevance ... Full text Cite

Hayek on Mill

Journal Article History of Political Economy · December 1, 2008 Full text Cite

Gordon Tullock's the Organization of Inquiry: A critical appraisal

Journal Article Public Choice · April 1, 2008 The major themes of Gordon Tullock's 1996 book The Organization of Inquiry are identified. Tullock's treatment of the philosophy of science is criticized, as is his explanation for the backwardness of the social sciences relative to the natural sciences. T ... Full text Cite

Life writings: On-the-job training with F.A. Hayek

Journal Article History of Political Economy · December 1, 2007 Full text Cite

Notes and commentary: Hayek, logic, and the naturalistic fallacy

Journal Article Journal of the History of Economic Thought · September 1, 2006 Full text Cite

Hayek and the Austrian tradition

Journal Article · January 1, 2006 There are two elements of Hayek’s background that justify our considering him an Austrian economist: first, that he was raised and went to university in Vienna in the first three decades of the twentieth century, and second, that when he finally decided on ... Full text Cite

Hayek, social science, and politics: Reply to Hill and Friedman

Journal Article Critical Review · January 1, 2006 Hayek's case for the limits of economic agents' knowledge does not, as Greg Hill seems to suggest, imply that government should be in the business of engaging in countercyclical fiscal policy or paternalistic corrections of people's pursuit of "imaginary g ... Full text Cite

The Road to Serfdom symposium. Comment on papers by Rosser and by Levy, Peart, and Farrant

Journal Article European Journal of Political Economy · December 1, 2005 The paper reviews the history of the socialist calculation debate leading up to the publication of Hayek's The Road to Serfdom, and then uses that information to address various claims made by Rosser and Levy, Peart, and Farrant in their symposium papers. ... Full text Cite

Recovering popper: For the left?

Journal Article Critical Review · January 1, 2005 In his biography of Karl Popper, Malachi Hacohen brilliantly reconstructs the development of Popper's ideas through 1946, correcting many errors regarding the sequence of their emergence. In addition he recreates Popper's Vienna and provides insights into ... Full text Cite

Some reflections on F.A. Hayek's The Sensory Order

Journal Article Journal of Bioeconomics · December 9, 2004 Though F.A. Hayek is principally known for his work in economics, he also made contributions, both positive and critical, to the field of psychology. His most important piece in the latter field is his 1952 book, The Sensory Order. This paper attempts to l ... Full text Cite

Hayekian evolution reconsidered: A reply to Hodgson

Journal Article Cambridge Journal of Economics · January 1, 2004 This is a reply to Geoffrey Hodgson's Comment on an earlier paper by Caldwell (Hodgson on Hayek: a critique). Though certain areas of agreement are noted, differences in interpretation concerning Hayek's views on the Malthus-Darwin relationship, on cultura ... Full text Cite

Wieser, hayek and equilibrium theory

Journal Article Journal Des Economistes Et Des Etudes Humaines · January 1, 2002 The paper challenges Joseph Salerno’s recent revisionist account in “The Place of Human Action in the Development of Economic Thought” of the relationship between Friedrich von Wieser and F.A. Hayek and of their views on equilibrium theory. The paper argue ... Full text Cite

Hodgson on Hayek: A critique

Journal Article Cambridge Journal of Economics · January 1, 2001 In his book Economics and Evolution, Geoffrey Hodgson offers a detailed critique of F. A. Hayek's writings on cultural evolution. Certain aspects of Hodgson's treatment appear to be inaccurate. This paper criticises Hodgson's critique. ... Full text Cite

The emergence of hayek's ideas on cultural evolution

Journal Article Review of Austrian Economics · January 1, 2000 F. A. Hayek's writings on cultural evolution are an essential part of his work, and some aspects of these writings (e.g., his defense of group selection) have generated considerable controversy. This historical paper traces the circumstances that led Hayek ... Full text Cite

Why Didn't Hayek Review Keynes's General Theory?

Journal Article History of Political Economy · January 1, 1998 Full text Cite

Hayek and Socialism

Journal Article Journal of Economic Literature · December 1, 1997 I have received many helpful comments on this paper from participants at the History of Economics Society meetings at the University of British Columbia, at seminars given at the University of Georgia, at the Austrian Colloquium at New York University, at ... Cite

Hayek's scientific subjectivism

Journal Article Economics and Philosophy · January 1, 1994 Full text Cite

Post-Keynesian methodology: An assessment

Journal Article Review of Political Economy · March 1, 1989 The purpose of this article is to offer a preliminary assessment of post-Keynesian methodology. This is undertaken by initially defining and developing the methodological perspective known as critical pluralism. It is argued that post-Keynesians might well ... Full text Cite

Hayek's "The Trend of Economic Thinking"

Journal Article Review of Austrian Economics · December 1, 1988 Full text Cite

Some Problems with Falsificationism in Economics

Journal Article Philosophy of the Social Sciences · January 1, 1984 Full text Cite