and

Abstract

Margolis, Thomas McQuade, Gordon Tullock, and an anonymous referee for helpful suggestions on an earlier draft. The usual caveat applies. F.A. Hayek’s theoretical psychology was developed in his 1952 book, The Sensory Order. Because economists have increasingly become interested in cognition and psychology, this work has valuable implications for economic science. Nevertheless, these implications have sometimes been obscured by bogus interpretations of the book. We address down such interpretations of Hayek and suggest some ways in which the message of The Sensory Order matters for economic research today. 1 I