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Purpose – Overview of Hayek's cognitive theory and the contributions of chapters.

Methodology/approach – Perspective on significance of Hayek's cognitive theory for the social sciences.

Findings – Hayek's cognitive theory provides insight into his oeuvre; more importantly, it is relevant for social theory in its own right.

Research limitations/implications – Hayek's cognitive theory warrants further attention by economists and social theorists interested in evolutionary social processes.

Originality/value of paper – To counter a widespread view that the contribution to economics and social science of Hayek's cognitive theory is largely confined to methodology. Hayek's cognitive theory also provides a useful framework for furthering the understanding of evolution within the social realm.

Purpose – First, to look closely and critically at Hayek's treatment of science in The Sensory Order. This provides hints as to the difficulties in maintaining a theory of scientific knowledge as a selective sum of the identifiable contributions of individual scientists. Second, to generalize from Hayek's theory of how the brain generates an individual's knowledge to a theory of how science generates scientific knowledge, knowledge that is not a simple sum of individual contributions. Third, to apply this picture of science to understanding developments in postpositivist philosophy and post-Mertonian sociology of science.

Approach – We provide a short survey of the conventional understanding of science and scientific knowledge, including that of Hayek in The Sensory Order. We examine in more depth the ways in which developments in postpositivist philosophy and sociology have transformed our understanding of science. We describe how, by analogy with Hayek's theory of the brain, science can be seen as an adaptive system that adjusts to its environment by classifying the phenomena in that environment to which it is sensitive, and we apply this systemic picture of science with a view to integrating much of the more moderate content of recent philosophy and sociology of science.

As the cognitive sciences – particularly neuroscience, cognitive psychology, and a rejuvenated artificial intelligence movement that has largely abandoned the model of the mind as a formal machine – have seen major development over the past quarter-century, it is inevitable that the findings thrown up by this ‘cognitive revolution’ should be examined for their relevance to the understanding of economic behavior. This ongoing examination has tended to emphasize those characteristics of human cognitive capabilities that call into question the descriptive adequacy of the rational-choice model, focusing on departures from individual rationality that may have economic consequences at the market level.¹ Such a move may be the obvious one for an economist confronted with this interdisciplinary challenge, but it is not the only one. The new insights into the functioning of the brain can also be deployed in the understanding of complex systems in general – and of specific social arrangements in particular – and that is the direction taken here. By critically examining the systemic similarities and differences between the social arrangements of science and market, the aim is to show how a complex systems approach, inspired by developments in cognitive psychology but applying these at the level of the system rather than of the individual, can provide a new and useful way of understanding social systems.

Purpose – To show that The Sensory Order is an original effort to support, on a neurophysiologic basis, methodological individualism.

Methodology/approach – Considering that the mind is a complex and self-organized order, Hayek criticizes methodological holism according to which the cause of action has to be sought outside the individual, in macro-laws governing social wholes. He argues that, due to the nature of the mind, the cause of action has to be sought inside the individual.

Findings – The paper stresses that scholars have more or less neglected a very important point in discussions of the Austrian author's psychology. Hayek's psychology supports the idea that the explanation of the action stems from the understanding of its meaning.

Research limitations/implications – The article only discusses some of the epistemological consequences of Hayek's theory of the mind. For instance, it does not analyze in a detailed way the relationship between this theory and the idea of distributed knowledge. It left an in-depth examination of this issue for subsequent research.

Originality/value of paper – Many authors state that Hayek's version of methodological individualism only examines the non-intentional effects of action, neglecting the importance of Verstehen. They argue that the Austrian scholar is not a complete and coherent champion of methodological individualism. The paper shows that this criticism is unfounded.

This paper conceives of Hayek's overall project as presenting a theory of sociocognition, explication of which has a two-fold purpose: (1) to locate Hayek within the non-Cartesian tradition of cognitive science, and (2) to show how Hayek's philosophical psychology infuses his social theory.

Little empirical research exists regarding how local law enforcement has responded to cybercrime. This paper aims to understand: the law enforcement agencies that line officers believe should be primarily responsible for investigating cybercrime cases; their perceptions about their agency's current ability to respond to these offenses; and their beliefs regarding the best ways to improve the social response to cybercrime.

The authors surveyed patrol officers in the Charlotte‐Mecklenburg and Savannah‐Chatham Metropolitan police departments.

The authors found that officers do not believe that local law enforcement should be primarily responsible for handling cybercrime cases and they have little information on how upper management is addressing cybercrime. Officers indicated that the best strategies to deal with cybercrime were greater care taken by citizens online and improvements to the legal system.

Local law enforcement agencies feel they are unable to fully address cybercrime. Although the findings were generally consistent across demographic and experiential characteristics and cities, two cities in the southeastern United States were surveyed.

According to these officers, they want citizens to be more careful online and for clarification of cybercrime laws and increased prosecutions. They do not favor local cybercrime units and additional computer training for line officers as much as scholars and police administrators advocate.

This paper studied the perceptions of patrol officers, who are the first responders to most crime scenes, on local law enforcement responses to cybercrime and the strategies they view to be most effective in combating cybercrime.

In the last two decades, online computer-marked assignments (CMAs) have been widely used in accounting education. Although there is a growing body of research on this form of online assessment, most of the previous studies relied on small samples of respondents or focused on student self-report using survey methods. This exploratory mixed-method study aims to combine a quantitative analysis of learners’ academic performance on an online Financial Accounting course with a more in-depth exploration of learner experiences using qualitative methods. The quantitative findings suggest that student previous educational qualifications, age and experience of studying a similar subject are strongly associated with CMA completion, which is also linked to scores on other pieces of assessed work. The qualitative results show that from the learners’ perspective, diversifying assessment methods, introducing low-stakes assessment activities and creating opportunities for situational interest are viewed as key aspects of online CMA design. This paper concludes with discussing the implications of the study for designing and delivering online courses in accounting, particularly in the light of the growing popularity of massive open online courses (MOOCs).

Why did the United States experience a housing and mortgage market boom and bust in the 2000s, while analogous Canadian markets were relatively stable? Both US and Canadian markets are replete with government interventions. In this paper, I account for the US and Canada’s different experiences by arguing that government interventions are not created equal. Some government interventions prevent market participants from pursuing actions that ex ante are reckoned beneficial. Alternatively, other interventions lead to the pursuit of actions that turn out to be costly ex post. It is the latter type that we expect to manifest in crises. The US case is one where government interventions in the mortgage markets led to actions that appeared ex ante beneficial but were revealed to be costly ex post. Alternatively, Canada’s mortgage market was and remains essentially a regulated oligopoly. Regulatory capture makes for a sclerotic market that likely imposes costs on Canadian borrowers in the forms of limited financing options and higher interest rates. However, this sclerosis also lends itself to stability. This market structure made the Canadian mortgage market relatively insusceptible to a bubble.