Hayekian

1. not comparableeconomicsOf or pertaining to the economic theories of Friedrich Hayek.

   Except to Hayekian fanatics, it seems obvious that the coordinated global stimulus of 2009 stopped the slide into another Great Depression.

   2011, Robert Skidelsky, The Keynes-Hayek Rematch

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   With the arrogance of youth, I myself expounded the Hayekian analysis to the faculty and students at Columbia University in the fall of 1931.

   1981, Ronald Coase, How Should Economists Choose? (The G. Warren Nutter Lectures in Political Economy)

   Although Keynes focused on investment, not pricing decisions, the beauty contest analogy implicitly refers to the same key elements that govern departures from the Hayekian benchmark: forward-looking investment decisions which require agents to forecast future market conditions, complementarities that introduce a need to forecast other investors’ expectations, and the focus on stock markets in which there tends to be a significant and persistent common value component.

   2025, Christian Hellwig, Venky Venkateswaran, “Dispersed information, nominal rigidities and monetary business cycles: A Hayekian perspective”, in Journal of Monetary Economics, →DOI

plural Hayekians

1. economicsA proponent of the economic theories of Friedrich Hayek.

   Most students of economics at LSE and many members of the staff became Hayekians or, at any rate, incorporated elements of Hayek's approach in their own thinking.

   1981, Ronald Coase, How Should Economists Choose? (The G. Warren Nutter Lectures in Political Economy)

   1 more example

   One morning in April, the S&P 500 jumped 6% after a viral rumour that Trump’s tariff policy was being paused – a rumour the Financial Times traced back to a pseudonymous X user named Walter Bloomberg, based in Switzerland, with no offline credentials whatsoever. A Hayekian might point out that the error was quickly corrected – the market dropped 6% again within the hour – but this was a manifestly stupid turn of events.

   2025 October 2, William Davies, “A critique of pure stupidity: understanding Trump 2.0”, in The Guardian