Abstract
F.A. Hayek’s broad research program has led some to conclude that his impact on economics has been minimal. This citation study examines the frequency of Nobel laureates cited by other laureates in the official Prize Lectures to understand how elite economists influence other elite economists. It finds that Hayek is the second most frequently mentioned laureate in the Prize Lectures, and he has the second most publication citations of the laureates. Hayek’s influence on the top tier of economists is substantial.
Notes
Boettke et al. (2008) discuss Hayek’s influence by identifying the unifying theme throughout his work—coordination—and showing its relevance in eight areas of research, seven of which are explicitly economics.
Paul Krugman is not included because his Prize Lecture has not been given at the time of writing.
References
Boettke, P. J. (2000). Introduction: Which enlightenment, whose liberalism? Hayek’s research program for understanding the liberal society. In P. J. Boettke (Ed.), The legacy of Friedrich von Hayek volume I: Politics. Cheltenham: Edward Elgar.
Boettke, P. J., Coyne, C. J., & Leeson, P. T. (2008). The continuing relevance of F.A. Hayek’s political economy. Advances in Austrian Economics, 11, 79–98.
Buchanan, J. M. (2002). Indexes. Vol. 20 in the Collected Works of James M. Buchanan. Indianapolis: Liberty Fund.
Acknowledgment
The author thanks Peter Boettke, Christopher Coyne, David Levy, and Emily Schaeffer for helpful comments. He gratefully acknowledges generous research support from the Mercatus Center.
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Skarbek, D.B. F. A. Hayek’s influence on Nobel Prize winners. Rev Austrian Econ 22, 109–112 (2009). https://doi.org/10.1007/s11138-008-0069-x
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DOI: https://doi.org/10.1007/s11138-008-0069-x