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The Road to Serfdom
F.A. Hayek's The Road to Serfdom is a groundbreaking work of political and economic philosophy that warns of the dangers posed by centralized control and the erosion of individual freedoms. Written during the tumultuous period of World War II, Hayek's incisive analysis critiques the rise of socialism and its potential to lead societies toward authoritarianism and tyranny. In this enduring classic, Hayek examines the unintended consequences of well-meaning policies, illustrating how even the pursuit of equality and social justice can result in the loss of liberty. Through compelling arguments and historical examples, he demonstrates that economic freedom and personal responsibility are essent...
Individualism and Economic Order
“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...
F. A. Hayek
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 hi...
Friedrich Hayek
In the first full biography of Friedrich Hayek (1899-1992), Alan Ebenstein chronicles the life, works, and legacy of the visionary thinker, from his early years in fin-de-siècle Vienna to his remarkable career as a Nobel Prize winning economist, political philosopher, and leading public intellectual. Ebenstein gives a balanced, integrated account of Hayek's diverse body of work, from his first encounter with free market ideas to his magisterial writings in later life on the legal, political, ethical, and economic requirements of a free society.
Hayek's Challenge
Friedrich A. Hayek is regarded as one of the preeminent economic theorists of the twentieth century, as much for his work outside of economics as for his work within it. During a career spanning several decades, he made contributions in fields as diverse as psychology, political philosophy, the history of ideas, and the methodology of the social sciences. Bruce Caldwell—editor of The Collected Works of F. A. Hayek—understands Hayek's thought like few others, and with this book he offers us the first full intellectual biography of this pivotal social theorist. Caldwell begins by providing the necessary background for understanding Hayek's thought, tracing the emergence, in fin-de-siècle ...
Law, Legislation, and Liberty
A new edition of F. A. Hayek’s three-part opus Law, Legislation, and Liberty, collated in a single volume In this critical entry in the Collected Works of F. A. Hayek series, political philosopher Jeremy Shearmur collates Hayek’s three-part study of law and liberty and places Hayek’s writings in careful historical context. Incisive and unrestrained, Law, Legislation, and Liberty is Hayek at his late-life best, making it essential reading for understanding the philosopher’s politics and worldview. These three volumes constitute a scaling up of the framework offered in Hayek’s famed The Road to Serfdom. Volume 1, Rules and Order, espouses the virtues of classical liberalism; Volume 2...
Hayek
A 2022 Economist Best Book of the Year. The definitive account of the distinguished economist’s formative years. Few twentieth-century figures have been lionized and vilified in such equal measure as Friedrich Hayek—economist, social theorist, leader of the Austrian school of economics, and champion of classical liberalism. Hayek’s erudite arguments in support of individualism and the market economy have attracted a devout following, including many at the levers of power in business and government. Critics, meanwhile, cast Hayek as the intellectual forefather of “neoliberalism” and of all the evils they associate with that pernicious doctrine. In Hayek: A Life, historians of econom...
Socialism and War
This volume draws on Hayek's shorter articles for weeklies, and his reviews, as well as academic papers and articles. It also includes a substantial introduction, providing full background and outlining the significance of this period for Hayek's intellectual development. The material is divided into three sections: *Hayek's contributions to the famous market socialism debate *Hayek's responses to the onset of war, including his response to Keynes' How to Pay for the War *his papers on the relationship between economic planning and freedom
Capital and Interest
Produced throughout the first fifteen years of Hayek's career, the writings collected in Capital and Interest see Hayek elaborate upon and extend his landmark lectures that were published as Prices and Production and work toward the technically sophisticated line of thought seen in his later Pure Theory of Capital. Illuminating the development of Hayek's detailed contributions to capital and interest theory, the collection also sheds light on how Hayek's work related to other influential economists of the time. Highlights include the 1936 article 'The Mythology of Capital' presented here alongside Frank Knight's criticisms of the Austrian theory of capital that prompted it - and 'The Mainten...
