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2024 marks the 50th anniversary of the Nobel Prize won by liberal political economist F.A. Hayek. This lecture will review the life and times of F.A. Hayek and consider the implications of his ideas for contemporary politics. It will feature Bruce Caldwell, a leading historian of economic thought, author of a recently released book Hayek: A Life, 1899–1950. The lecture will focus on Hayek’s early life, time at LSE as well as the deeper methodological implications of his academic contributions. In his famous Nobel speech, Hayek critiqued the prevailing trend of positivism in social science, advocating instead for methodological pluralism. He argued that the complexity of social phenomena cannot be captured through mechanistic models that attempt to predict human action with scientific precision. Caldwell will discuss Hayek's challenge to the scientific community to recognize the limitations of such mechanistic approaches and the importance of embracing a variety of methodologies to broadly appreciate complex economic and social processes. This lecture will offer an exploration of Hayek's enduring influence on the study of complex phenomena and its implications for contemporary social science today. Speakers: Professor Bruce J. Caldwell Chair: Professor Mary S. Morgan #NobelPrize #Events #London Full details/attend: https://www.lse.ac.uk/Events/2024/11/... To turn on captions, go to the bottom-right of the video player and click the icon. Please note that this feature uses Automatic Speech Recognition (ASR) technology, or machine generated transcription, and is not 100% accurate. Featured image (used in thumbnail with watermark added): Photo https://commons.wikimedia.org/wiki/Fi... by Vladimír Krupa 81 https://commons.wikimedia.org/w/index... on Wikimedia Commons https://commons.wikimedia.org/wiki/Co... Sign up for news about upcoming LSE Events: https://www.lse.ac.uk/Events/signup