F. A. Hayek and the Modern Economy PDF Download

Author: S. Peart
Publisher: Springer
ISBN: 1137354364
Category : Business & Economics
Languages : en
Pages : 379

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Book Description
What is the role of human agency in Friedrich Hayek's thought? This volume situates Hayek's writing as it relates to economic organization and activity, particularly to assess what role Hayek assigns to leaders in determining economic progress.

Author: Nicholas Wapshott
Publisher: W. W. Norton & Company
ISBN: 039308311X
Category : Business & Economics
Languages : en
Pages : 400

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Book Description
“I defy anybody—Keynesian, Hayekian, or uncommitted—to read [Wapshott’s] work and not learn something new.”—John Cassidy, The New Yorker As the stock market crash of 1929 plunged the world into turmoil, two men emerged with competing claims on how to restore balance to economies gone awry. John Maynard Keynes, the mercurial Cambridge economist, believed that government had a duty to spend when others would not. He met his opposite in a little-known Austrian economics professor, Freidrich Hayek, who considered attempts to intervene both pointless and potentially dangerous. The battle lines thus drawn, Keynesian economics would dominate for decades and coincide with an era of unprecedented prosperity, but conservative economists and political leaders would eventually embrace and execute Hayek's contrary vision. From their first face-to-face encounter to the heated arguments between their ardent disciples, Nicholas Wapshott here unearths the contemporary relevance of Keynes and Hayek, as present-day arguments over the virtues of the free market and government intervention rage with the same ferocity as they did in the 1930s.

Author: Peter J. Boettke
Publisher: Edward Elgar Publishing
ISBN: 9781858982991
Category : Biography & Autobiography
Languages : en
Pages : 456

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Book Description
The three volumes on the economist/humanist, Friedrich von Hayek (1900-92) are divided into politics (v.1), philosophy (v.2), and economics (v.3), areas which Hayek attempted to interweave. The set begins with a general introduction in which Boettke maintains that Hayek is narrowly remembered for his opposition to socialism despite his Nobel Prize for economics (1974) and his scholarship in theoretical psychology, political philosophy, legal anthropology, the philosophy of science, and the history of ideas. Boettke describes Hayek this way: "... a technical economist, concerned with philosophical issues; a philosopher of mind, pursuing the implications of his conclusions on the nature of the mind for social scientific research; and a classical liberal political economist seeking to integrate the knowledge from technical economics and philosophy for the way we understand and study the political order of a free people." The introduction, ending with a chronology of Hayek's career, and a chronological list of his publications is followed by a total of 72 reprinted articles from the 1960s to the 1990s by scholars with only their professional association listed. Contributors include M. Polanyi, Carlo Zappia, Israel M. Kirzner, Mario Rizzo, John Gray, Jacob Viner, Richard Bellamy and numerous others. Annotation copyrighted by Book News, Inc., Portland, OR

Author: Peter J. Boettke
Publisher: Springer
ISBN: 1137411600
Category : Business & Economics
Languages : en
Pages : 323

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Book Description
This book explores the life and work of Austrian-British economist, political economist, and social philosopher, Friedrich Hayek. Set within a context of the recent financial crisis, alongside the renewed interest in Hayek and the Hayek-Keynes debate, the book introduces the main themes of Hayek’s thought. These include the division of knowledge, the importance of rules, the problems with planning and economic management, and the role of constitutional constraints in enabling the emergence of unplanned order in the market by limiting the perverse incentives and distortions in information often associated with political discretion. Key to understanding Hayek's development as a thinker is his emphasis on the knowledge problem that economic decision makers face and how alternative institutional arrangements either hinder or assist them in overcoming that epistemic dilemma. Hayek saw order emerging from individual action and responsibility under the appropriate institutional order that itself emerges from actors discovering new and better ways to coordinate their behavior. This book will be of interest to all those keen to gain a deeper understanding of this great 20th century thinker in economics.

Author: F. A. Hayek
Publisher: University of Chicago Press
ISBN: 0226321215
Category : Business & Economics
Languages : en
Pages : 281

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Book Description
“These essays . . . bring great learning and . . . intelligence to bear upon economic and social issues of central importance to our era.” —Henry Hazlitt, Newsweek In this collection of writings, Nobel laureate Friedrich A. Hayek discusses topics from moral philosophy and the methods of the social sciences to economic theory as different aspects of the same central issue: free markets versus socialist planned economies. First published in the 1930s and 40s, these essays continue to illuminate the problems faced by developing and formerly socialist countries. F. A. Hayek, recipient of the Medal of Freedom in 1991 and winner of the Nobel Memorial Prize in Economics in 1974, taught at the University of Chicago, the University of London, and the University of Freiburg. Among his other works published by the University of Chicago Press is The Road to Serfdom, now available in a special fiftieth anniversary edition. “There is much interesting and valuable material in this meaty . . . book which must ultimately help the world make up its mind on a vital issue: to plan or not to plan?” —S. E. Harris, The New York Times “Those who disagree with him cannot afford to ignore him . . . This is especially true of a book like the present one.” —George Soule, Nation

Author: Nicholas Wapshott
Publisher: W. W. Norton & Company
ISBN: 0393077489
Category : Biography & Autobiography
Languages : en
Pages : 399

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Book Description
Provides a history of the diverging economic viewpoints that emerged after the 1929 stock market crash, one from Cambridge economist John Maynard Keynes, the other from Austrian economics professor Freidrich Hayek.

Author: Peter J. Boettke, Professor, George Mason University
Publisher: Rowman & Littlefield
ISBN: 1786605651
Category : Political Science
Languages : en
Pages : 288

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Book Description
This volume critically explore and extend Hayek’s Nobel Prize-winning work on knowledge and social interconnectedness.

Author: F. A. Hayek
Publisher: University of Chicago Press
ISBN: 0226321282
Category : Business & Economics
Languages : en
Pages : 323

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Book Description
From a Nobel Laureate economist, a collection of essays outlining ideas on political theory, economic freedom and epistemology. Following on F. A. Hayek’s previous work Studies in Philosophy, Politics, and Economics (1967), New Studies in Philosophy, Politics, Economics and the History of Ideas collects some of Hayek’s most notable essays and lectures dealing with problems of philosophy, politics and economics, with many of the essays falling into more than one of these categories. Expanding upon the previous volume the present work also includes a fourth part collecting a series of Hayek’s writings under the heading “History of Ideas.” Of the articles contained in this volume the lectures on “The Errors of Constructivism”and “Competition as a Discovery Procedure” have been published before only in German, while the article on “Liberalism” was written in English to be published in an Italian translation in the Enciclopedia del Novicento by the Istituto della Enciclopedia Italiana at Rome.

Author: Friedrich A. Hayek
Publisher:
ISBN:
Category :
Languages : en
Pages : 0

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Book Description
In The Road to Serfdom F. A. Hayek set out the danger posed to freedom by attempts to apply the principles of wartime economic and social planning to the problems of peacetime. Hayek argued that the rise of Nazism was not due to any character failure on the part of the German people, but was a consequence of the socialist ideas that had gained common currency in Germany in the decades preceding the outbreak of war. Such ideas, Hayek argued, were now becoming similarly accepted in Britain and the USA.On its publication in 1944, The Road to Serfdom caused a sensation. Its publishers could not keep up with demand, owing to wartime paper rationing. Then, in April 1945, Reader's Digest published a condensed version of the book and Hayek's work found a mass audience. This condensed edition was republished for the first time by the IEA in 1999. Since then it has been frequently reprinted and the electronic version has been downloaded over 100,000 times. There is an enduring demand for Hayek's relevant and accessible message.The Road to Serfdom is republished in this impression with The Intellectuals and Socialism originally published in 1949, in which Hayek explained the appeal of socialist ideas to intellectuals - the 'second-hand dealers in ideas'. Intellectuals, Hayek argued, are attracted to socialism because it involves the rational application of the intellect to the organisation of society, while its utopianism captures their imagination and satisfies their desire to make the world submit to their own design.

Author: Eamonn Butler
Publisher: Harriman House Limited
ISBN: 0857191756
Category : Business & Economics
Languages : en
Pages : 160

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Book Description
Friedrich Hayek was one of the leading economists of the 20th century and the leading contemporary critic of Keynes. He did pioneering work on monetary theory and trade cycles, but achieved international fame through his 1944 critique of totalitarian socialism, The Road to Serfdom. He went on to map out the principles of a free society in a series of books including Law, Legislation and Liberty and became the leading proponent, along with Milton Friedman, of economic and political liberalism. Setting him in context as well as incorporating criticism since his death 20 years ago, this book explores several major areas of Hayek's thought and argument: - why society is not something that can be rebuilt any way we want, but is the result of long-term cultural evolution, and what that means for political reform, morality and individual choice - the kind of laws that true freedom relies upon, and how freedom and its benefits are threatened by political confusions - how the market process really works: from maximising gains for everyone who participates, to competition as a discovery process - where boom and bust cycles come from and how privatising currencies could be the startling solution - how we actually interpret our world, and what this means for social sciences and politics - why socialism was a mistake, capitalism isn't wasteful, and what economic organisation has to do with political destiny - the impossibility of social justice but the genuine hope offered by true economic freedom - what the real foundations of a free society look like. A breath of intellectual fresh air, this concise guide to Friedrich Hayek is a must for any reader or student interested in one of the most vital minds of the 20th century.