Hayek the neoclassical font: a review essay on Hayek's Challenge (Hayek's Challenge, by Bruce Caldwell, Chicago and London: University of Chicago)

Caldwell sets out to answer the question: what can neoclassical economists of the late twentieth/early twenty-first century, learn from Hayek's writings? His reply constitutes an intellectual tour de force of the neoclassical approach. If neoclassical economists read only one book on Hayek, this would have to be it. Caldwell is not just sympathetic and open, his objective is nothing less than to demonstrate to neoclassical economists, clearly and trenchantly, just how much they have to gain from certain of Hayek's writings. He succeeds remarkably