Does The Sensory Order

Abstract

Cognition and psychology have become central issues in economics. While this interest represents a radical change in economic theory, it does have a useful history that we believe is only partially recognized by contemporary economists. Although it is customary to cite Herbert Simon's important work in this regard,¹ we suggest Hayek's earlier work The Sensory Order (1952) should enjoy similar billing.

Citation

Butos, W.N. and Koppl, R.G. (2006), "Does The Sensory Order", Krecké, E., Krecké, C. and Koppl, R.G. (Ed.) Cognition and Economics (Advances in Austrian Economics, Vol. 9), Emerald Group Publishing Limited, Leeds, pp. 19-50. https://doi.org/10.1016/S1529-2134(06)09002-8