Friedrich A Hayek
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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...
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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. Hayek's substantial contribution to theoretical psychology 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...
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In addition to his groundbreaking contributions to pure economic theory, F. A. Hayek also closely examined the ways in which the knowledge of many individual market participants could culminate in an overall order of economic activity. His attempts to come to terms with the "knowledge problem" thread through his career and comprise the writings collected in the fifteenth volume of the University of Chicago Press's Collected Works of F. A. Hayek series.
The...
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The two volumes of “Good Money” concentrate on Hayek's work on money and monetary policy. Published in the centenary of his birth, these volumes bring forth some of the economist's most distinguished articles on monetary policy and offer another vital addition to the collection of Hayek's life work.
“Good Money, Part I: The New World” includes seven of Hayek's articles from the 1920s that were written largely in reaction to the work of Irving...
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The two volumes of “Good Money” concentrate on Hayek's work on money and monetary policy. Published in the centenary of his birth, these volumes bring forth some of the economist's most distinguished articles on monetary policy and offer another vital addition to the collection of Hayek's life work.
“Good Money, Part I: The New World” includes seven of Hayek's articles from the 1920s that were written largely in reaction to the work of Irving...
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The Reagan and Thatcher "revolutions." The collapse of Eastern Europe dramatically captured in the tearing down of the Berlin Wall. F. A. Hayek, "grand old man of capitalism" and founder of the classical liberal, free-market revival which ignited and inspired these world events, forcefully predicted their occurrence in writings such as “The Road to Serfdom”, first published in 1944.
Hayek's well-known social and political philosophy, in particular...
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F. A. Hayek (1899—1992) was one of the leading voices in economic and social theory, but he also wrote on theoretical psychology, including in the landmark book “The Sensory Order”. Although “The Sensory Order” was not widely engaged with by either psychologists or social scientists at the time of publication, it is seen today as essential for fully understanding Hayek's more well-known work.
The latest addition to the University of Chicago...
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Throughout the twentieth century socialism and war were intimately connected. The unprecedented upheavals wrought by the two world wars and the Great Depression provided both opportunity and impetus for a variety of socialist experiments. This volume in The Collected Works of F. A. Hayek documents the evolution of Hayek's thought on socialism and war during the dark decades of the 1930s and 1940s.
Opening with Hayek's arguments against market socialism,...
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Economics never labels anything any more. Well, more accurately, it does; only now it hardly ever uses labels formed, from people’s names. In part, this is due to the smorgasbord approach to ideas taken by economics. Like many other academic disciplines, economics ruthlessly mixes and matches, customizes and adapts, rips and mashes the most penetrating insights, the most appropriate models from all different sources, applying them to whichever economic...
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In 1931, when the young F. A. Hayek challenged the economic theories of John Maynard Keynes, sixteen years his senior, and one of the world's leading economists, he sparked a spirited debate that would influence economic policy in democratic countries for decades. Their extensive exchange lasted until Keynes's death in 1946 and is reprinted in its entirety in this latest volume of “The Collected Works of F. A. Hayek”.
This volume begins with...
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In the years following its publication, F. A. Hayek's pioneering work on business cycles was regarded as an important challenge to what was later known as Keynesian macroeconomics. Today, as debates rage on over the monetary origins of the current economic and financial crisis, economists are once again paying heed to Hayek's thoughts on the repercussions of excessive central bank interventions. The latest editions in the University of Chicago Press's...
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Best known for reviving the tradition of classical liberalism, F. A. Hayek was also a prominent scholar of the philosopher John Stuart Mill. One of his greatest undertakings was a collection of Mill's extensive correspondence with his longstanding friend and later companion and wife, Harriet Taylor-Mill. Hayek first published the Mill-Taylor correspondence in 1951, and his edition soon became required reading for any study of the nineteenth-century...
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The crumbling of the Berlin Wall, the fall of the iron curtain, and the Reagan and Thatcher "revolutions" all owe a tremendous debt to F. A. Hayek. Economist, social and political theorist, and intellectual historian, Hayek passionately championed individual liberty and condemned the dangers of state control. Now Hayek at last tells the story of his long and controversial career, during which his fortunes rose, fell, and finally rose again.
Through...
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F. A. Hayek made many valuable contributions to the field of economics as well as to the disciplines of philosophy and politics. This volume represents the first section of Hayek's comprehensive three-part study of the relations between law and liberty. “Rules and Order” constructs the framework necessary for a critical analysis of prevailing theories of justice and of the conditions which a constitution securing personal liberty would have to...
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F. A. Hayek made many valuable contributions to the field of economics as well as to the disciplines of philosophy and politics. This volume represents the second of Hayek's comprehensive three-part study of the relations between law and liberty. Here, Hayek expounds his conviction that he continued unexamined pursuit of "social justice" will contribute to the erosion of personal liberties and encourage the advent of totalitarianism.
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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...
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In the years following its publication, F. A. Hayek's pioneering work on business cycles was regarded as an important challenge to what was later known as Keynesian macroeconomics. Today, as debates rage on over the monetary origins of the current economic and financial crisis, economists are once again paying heed to Hayek's thoughts on the repercussions of excessive central bank interventions. The latest editions in the University of Chicago Press's...
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The Pure Theory of Capital, F. A. Hayek's long-overlooked, little-understood volume, was his most detailed work in economic theory. Originally published in 1941 when fashionable economic thought had shifted to John Maynard Keynes, Hayek's manifesto of capital theory is now available again for today's students and economists to discover.
With a new introduction by Hayek expert Lawrence H. White, who firmly situates the book not only in historical...
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PREFACE AND ACKNOWLEDGMENTS
EDITOR'S INTRODUCTION
INTRODUCTION
1. THE MONETARY POLICY OF THE UNITED STATES AFTER THE RECOVERY FROM THE 1920 CRISIS (1925)
2. SOME REMARKS ON THE PROBLEM OF IMPUTATION (1926)
3. ON THE PROBLEM OF THE THEORY OF INTEREST (1927)
4. INTERTEMPORAL PRICE EQUILIBRIUM AND MOVEMENTS IN THE VALUE OF MONEY (1928)
5. THE FATE OF THE GOLD STANDARD (1932)
6. CAPITAL CONSUMPTION (1932)
7. ON 'NEUTRAL MONEY' (1933)
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