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The Economics of Friedrich Hayek (Hardcover, 2nd ed. 2007)
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The Economics of Friedrich Hayek (Hardcover, 2nd ed. 2007)
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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. 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
Frederich 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 centralized economic planning.
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