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DPE Tuesday Talk Series: Malte Dold, “F.A. Hayek on Endogenous Preferences: An Historical Overview and Contemporary Assessment”

The Division of Politics and Economics invites the CGU community to attend this week’s Tuesday Lunch Talk featuring Malte Dold, assistant professor in the Economics Department at Pomona College. Lunch will be provided.

Malte Dold previously spent two years as a postdoctoral fellow at New York University. He holds a master’s degree in philosophy and economics from the University of Bayreuth, and received a master’s degree in PPE as well as his PhD in economics from the University of Freiburg. His research lies at the intersection of behavioral economics, political economy, and history of economic thought. In particular, his research looks at methodological and normative implications of behavioral economics and the historical interdependencies between various strands of (neo)liberalism in economics and philosophy.

Malte Dold

This talk will discuss Nobel Laureate F.A. Hayek’s views on endogenous preferences which have been largely neglected in the reception of his oeuvre. This talk will first provide an historical overview of Hayek’s views on preference endogeneity and then go on to argue, second, that in his work on theoretical psychology Hayek provides an account of the mental mechanisms through which people’s preferences can change in response to their social context. Third, the talk assesses Hayek’s views on preference endogeneity in the light of more recent work in behavioral economics on the topic, before going on to consider what, if anything, Hayek’s analysis can add to contemporary perspectives.