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In the last years of World War II, Friedrich Hayek wrote 'The Road to Serfdom'. He warned the Allies that policy proposals which were being canvassed for the post-war world ran the risk of destroying the very freedom for which they were fighting. On the basis of 'as in war, so in peace', economists and others were arguing that the government should plan all economic activity. Such planning, Hayek argued, would be incompatible with liberty, and had been at the very heart of the movements that had established both communism and Nazism. On its publication in 1944, the book caused a sensation. Neither its British nor its American publisher could keep up with demand, owing to wartime paper rationing. Then, in 1945, Reader's Digest published 'The Road to Serfdom' as the condensed book in its April edition. For the first and still the only time, the condensed book was placed at the front of the magazine instead of the back. Hayek found himself a celebrity, addressing a mass market. The condensed edition was republished for the first time by the IEA in 1999 and has been reissued to meet the continuing demand for its enduringly relevant and accessible message.
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.
“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...
Every student of the twentieth century has heard both of the great Viennese economist Friedrich von Hayek and of the equally great philosopher Ludwig Wittgenstein. But what isn't well known is that the two were distant cousins and that, shortly after Wittgenstein's death in 1951, Hayek set out to write a biography of his cousin. The project was derailed by Wittgenstein family members, who felt it was to soon to publish such a work. But Hayek's draft acquired an underground readership, and Wittgenstein's biographers have used it extensively. Here finally, is the text of that work itself. Hayek's account has the great merit of being close to its subject; the draft, moreover sheds light, not only on Wittgenstein but on Hayek as well. Allan Janik's elegant afterword makes these links clear. Anyone interested in Wittgenstein or, for that matter, in the thought and culture of the earlier twentieth century, will want to read Christian Erbacher's excellent edition of Hayek's draft biography. - Marjorie Perloff.
This book traces the life's work of a man now widely regarded as one of the greatest economists, political philosophers and social theorists of the century. The result is the most alive and accessible introduction to Hayek to date.
The Nobel Prize-winning economist explores how the mind works—an early landmark in the field of cognitive science. The Sensory Order, first published in 1952, sets forth F. A. Hayek's classic theory of mind in which he describes the mental mechanism that classifies perceptions that cannot be accounted for by physical laws. Though Hayek is more commonly known as an icon in the field of economics, his genius was wide-ranging—and his contribution to theoretical psychology is of continuing significance to cognitive scientists as well as to economists interested in the interplay between psychology and market systems, and has been addressed in the work of Thomas Szasz, Gerald Edelman, and Joaquin Fuster. “A most encouraging example of a sustained attempt to bring together information, inference, and hypothesis in the several fields of biology, psychology, and philosophy.”—Quarterly Review of Biology
This biography tells the story of one of the most important public figures of the twentieth century, Friedrich Hayek. Here is the first full biography of Friedrich Hayek, the Austrian economist who became, over the course of a remarkable career, the great philosopher of liberty in our time. In this richly detailed portrait, Alan Ebenstein chronicles the life, works, and legacy of a visionary thinker, from Hayek's early years as the scholarly son of a physician in fin-de-siecle Vienna on an increasingly wider world as an economist and political philosopher in London, New York, and Chicago. Ebenstein gives a balanced, integrated account of Hayek's extraordinary diverse body of work, from his f...
Every student of the twentieth century has heard both of the great Viennese economist Friedrich von Hayek and of the equally great philosopher Ludwig Wittgenstein. But what isn?t well known is that the two were distant cousins and that, shortly after Wittgenstein?s death in 1951, Hayek set out to write a biography of his cousin. The project was derailed by Wittgenstein family members, who felt it was to soon to publish such a work - especially one like Hayek?s, so candid about his cousin?s difficulties and depressions. But Hayek?s draft acquired an underground readership, and Wittgenstein?s biographers have used it extensively. 0Here finally, is the text of that work itself - a true goldmine in being one great thinker?s view of another, whom he knew personally, even if not well. Hayek?s account has the great merit of being close to its subject; the draft, moreover sheds light, not only on Wittgenstein but on Hayek as well.
The twenty-one essays in this book provide an overview of the contributions of Nobel laureate Hayek to the fields of economics, political theory, history and philosophy. A leading member of the Austrian School of Economics and a defender of the free market and the liberal social and economic order, Hayek has written on such diverse subjects as the business cycle, monetary theory, capital, economic and social organization, law history, epistemology, the theory of science and government. His writings in various fields are unified by two fundamental ideas -- the limitation of knowledge and the spontaneous formation of systems. ISBN 0-8179-8011-3 : $27.50.