Hayek’s Fallibilist Economics

Abstract

This article seeks to present Hayek’s ideas from the identification of a unifying theme, present in many of his theories. His explanatory system addresses liberty as part of a decentralized learning mechanism capable of circumvent the limitations of the knowledge necessary to coordinate actions in progressively more complex environments. The article deals with various interpretative issues from the perspective that emphasizes the centrality of fallible knowledge and complex structures in his work.