Search results for: the-economics-of-friedrich-hayek

F A Hayek

Author : Peter J. Boettke
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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.

Individualism and Economic Order

Author : F. A. Hayek
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First published in the 1930s and 1940s, the essays collated in this volume discuss 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

Friedrich Hayek

Author : Eamonn Butler
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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.

The Economics of Friedrich Hayek

Author : G. R. Steele
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By his intellectual contributions in economics, epistemology, ethics, law, philosophy, politic and psychology, Friederich Hayek has come closest to a unified theory of human action. The central theme is of a natural and spontaneous evolution - founded upon essentially competitive processes, the cultural selection of systems an rules brings order to human affairs.

The Economics of Friedrich Hayek

Author : G. R. Steele
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By his intellectual contributions in economics, epistemology, ethics, law, philosophy, politics and psychology, Friedrich Hayek has come closest to a unified theory of human action. The central theme is of a natural and spontaneous evolution - founded upon essentially competitive processes, the cultural selection of systems and rules brings order to human affairs. While this book is both comprehensive and concise, Hayek's economics cannot be discussed in isolation. So the author attempts to present an economist's understanding of that which any economist ought to know, or, in Hayek's own terms, 'nobody can be a great economist who is only an economist'. The book is a comprehensive account of Friedrich Hayek's intellectual achievements. In this updated and expanded edition, the author explores the broad features of Hayek's economic philosophy, shows the interrelationship between the liberal philosophy and economic advance, examines Hayek's approach to the problems of a money economy, and explains Hayek's aversion to all forms of centralised economic planning. Book jacket.

F A Hayek and the Modern Economy

Author : S. Peart
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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.

Keynes and Hayek

Author : G R Steele
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John Maynard Keynes and Friedrich Hayek had serious differences of opinion when it came to assessing the fractured inter-war world. G. R. Steele picks apart this debate and argues persuasively that Hayek's outlook will prove to be the more enduring.

The Economics of F A Hayek Money and business cycles

Author : Friedrich August Hayek
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F.A. Hayek's work has stimulated, challenged and inspired economists for more than 50 years. In two distinct but complementary volumes, The Economics of F.A. van Hayek explores all relevant aspects of Hayek's theory to investigate whether a synthesis of interpretation is possible and to what extent his economic theory is a sound foundation for both his own philosophy and the development of modern theories.Money and Business Cycles, the first volume, is devoted almost exclusively to Hayek's trade cycle theory and the related dynamic economics with sections on money and the trade cycle, Hayek and structural theories of the business cycle, and Hayek and equilibrium business cycle theory. The essays in this volume focus on Hayek's important contributions to price theory, monetary theory and capital theory in the period from 1924 to 1942 and his ultimate aim to develop a unified theory to explain industrial fluctuations.Featuring discussion of Hayek's legacy by economists from a variety of theoretical traditions, the contributors to these volumes argue that although his theory and very own particular approach make it difficult to incorporate his contributions into mainstream economics, his far-reaching insights nevertheless raise problems which are still waiting for a solution in modern technical economics.

The Economics of Friedrich Hayek

Author : Steele G.
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Friedrich A Hayek

Author : John Cunningham Wood
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The Economics of F A Hayek Capitalism socialism and knowledge

Author : Friedrich August Hayek
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F.A. Hayek's work has stimulated, challenged and inspired economists for more than 50 years. In two distinct but complementary volumes, The Economics of F.A. van Hayek explores all relevant aspects of Hayek's theory to investigate whether a synthesis of interpretation is possible and to what extent his economic theory is a sound foundation for both his own philosophy and the development of modern theories.Capitalism, Socialism and Knowledge, the second volume, focuses on topics related to Hayek's methodological and philosophical contributions which are usually less discussed by economists. This volume includes essays on Hayek's theory of competition and capital, the socialist calculation debate and the various philosophical and methodological aspects of his thought. Featuring discussion of Hayek's legacy by economists from a variety of theoretical traditions, the contributors to these volumes argue that although his theory and very own particular approach make it difficult to incorporate his contributions into mainstream economics, his far-reaching insights nevertheless raise problems which are still waiting for a solution in modern technical economics.

Friedrich Hayek A Biography

Author : Dr. Alan Ebenstein
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This book tells the story of one of the most important public figures of the twentieth century. It 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 fist encounter with the free market ideas of mentor Ludwig Von Mises to his magisterial writings in later life on the legal, political, ethical, and economic requirements of a free society. Awarded the Nobel Prize in 1974, Hayek's vision of a renewed classical liberalism-of free markets and free ideas in free societies-has taken hold in much of the world. Alan Ebenstein's clearly written account is an essential starting point for anyone seeking to understand why Hayek's ideas have become the guiding force of our time. His illuminating portrait of Hayek the man brings to new life the spirit of a great scholar and tenacious advocate who has become, in Peter Drucker's words, "our time's preeminent social philosopher."

The Economics of F A Hayek Money and business cycles

Author : Marina Colonna
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The Pure Theory of Capital

Author : F. A. Hayek
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Hayek's manifesto of capital theory is now available again for today's students and economists to discover. The new introduction by Hayek expert Lawrence H. White firmly situates the book in a historical and theoretical context, as well as within Hayek's own life and his struggle to complete the manuscript. It provides important insights into Hayek's theories, the intellectual environment in which he wrote, and the personal context of this important work."--Jacket.

Austrian Economics in Transition

Author : H. Hagemann
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This book analyzes both the consistent and changing elements in the Austrian School of Economics since its foundation in the late 19th Century up to the recent offspring of this School. It investigates the dynamic metamorphosis of the school, mainly with reference to its contact with representatives of history of economic thought.

The Road to Serfdom

Author : Friedrich August Hayek
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Hayek argues convincingly that, while socialist ideals may be tempting, they cannot be accomplished except by means that few would approve of.

Hayek on Hayek

Author : Stephen Kresge
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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.

Law Legislation and Liberty

Author : F. A. Hayek
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With a new foreword by Paul Kelly 'I regard Hayek's work as a new opening of the most fundamental debate in the field of political philosophy' - Sir Karl Popper 'This promises to be the crowning work of a scholar who has devoted a lifetime to thinking about society and its values. The entire work must surely amount to an immense contribution to social and legal philosophy' - Philosophical Studies Law, Legislation and Liberty is Hayek's major statement of political philosophy and one of the most ambitious yet subtle defences of a free market society ever written. A robust defence of individual liberty, it is also crucial for understanding Hayek's influential views concerning the role of the state: far from being an innocent bystander, he argues that the state has an important role to play in defending the norms and practices of an ordered and free society. His arguments had a profound influence on the policies of Thatcher in the 1980s and resonate today in visions of the 'Big Society'. First published in three separate volumes, this Routledge Classics edition makes one of his most important books available in a single volume. Essential reading for understanding the background to the recent world economic turmoil and financial crisis, it also foreshadows the subsequent heated debate about regulation and political governance if such disasters are to be avoided in the future.

Studies in Philosophy Politics and Economics

Author : Friedrich August Hayek
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The Constitution of Liberty

Author : F. A. Hayek
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From the $700 billion bailout of the banking industry to president Barack Obama’s $787 billion stimulus package to the highly controversial passage of federal health-care reform, conservatives and concerned citizens alike have grown increasingly fearful of big government. Enter Nobel Prize–winning economist and political theorist F. A. Hayek, whose passionate warning against empowering states with greater economic control, The Road to Serfdom, became an overnight sensation last summer when it was endorsed by Glenn Beck. The book has since sold over 150,000 copies. The latest entry in the University of Chicago Press’s series of newly edited editions of Hayek’s works, The Constitution of Liberty is, like Serfdom, just as relevant to our present moment. The book is considered Hayek’s classic statement on the ideals of freedom and liberty, ideals that he believes have guided—and must continue to guide—the growth of Western civilization. Here Hayek defends the principles of a free society, casting a skeptical eye on the growth of the welfare state and examining the challenges to freedom posed by an ever expanding government—as well as its corrosive effect on the creation, preservation, and utilization of knowledge. In opposition to those who call for the state to play a greater role in society, Hayek puts forward a nuanced argument for prudence. Guided by this quality, he elegantly demonstrates that a free market system in a democratic polity—under the rule of law and with strong constitutional protections of individual rights—represents the best chance for the continuing existence of liberty. Striking a balance between skepticism and hope, Hayek’s profound insights are timelier and more welcome than ever before. This definitive edition of The Constitution of Liberty will give a new generation the opportunity to learn from his enduring wisdom.