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A classic work in political philosophy, intellectual history and
economics, The Road to Serfdom has inspired and infuriated
politicians and scholars for half a century. Originally published
in 1944, it was seen as heretical for its passionate warning
against the dangers of state control over the means of production.
For Hayek, the collectivist idea of empowering government with
increasing economic control would lead not to a utopia but to the
horrors of Nazi Germany and Fascist Italy.
This new edition includes a foreword by series editor and
leading Hayek scholar Bruce Caldwell explaining the book's origins
and publishing history and assessing common misinterpretations of
Hayek's thought. Caldwell has also standardized and corrected
Hayek's references and added helpful new explanatory notes.
Supplemented with an appendix of related materials and forewords to
earlier editions by the likes of Milton Friedman, and Hayek
himself, this new edition of The Road to Serfdom will be the
definitive version of Friedrich Hayek's enduring masterwork.
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
economics Bruce Caldwell and Hansjoerg Klausinger draw on
never-before-seen archival and family material to produce an
authoritative account of the influential economist's first five
decades. This includes portrayals of his early career in Vienna;
his relationships in London and Cambridge; his family disputes; and
definitive accounts of the creation of The Road to Serfdom and of
the founding meeting of the Mont Pelerin Society. A landmark work
of history and biography, Hayek: A Life is a major contribution
both to our cultural accounting of a towering figure and to
intellectual history itself.
This edited volume provides an in-depth exploration into the
influential work of Wade Hands, examining the changing relationship
between methodology and the history of economics in connection with
contemporary developments in economics. The papers in this volume
fall into four parts, each devoted to an important theme in Wade
Hands' work. The first part explores the influence and scope of
Reflection without Rules, capturing the rich debate that the book
generated about what guides methodological and philosophical
thinking in economics. The second part examines Hands' research on
Paul Samuelson's economics and the methodological dimensions of
Samuelson's thinking. Part three looks to Hands' long-standing
interest in the philosophical foundations of pragmatist thinking.
The final part addresses his more recent research in the
methodological import of the emergence of behavioural economics.
Together, the contributors show how Hands' insights in complexity
theory, identity, and stratification are key to understanding a
reconfigured economic methodology. They also reveal how his
willingness to draw from multiple academic disciplines gives us a
platform for interrogating mainstream economics and provides the
basis for a humane yet scientific alternative. This unique volume
will be essential reading for advanced students and researchers
across social economics, history of economic thought, economic
methodology, political economy, and philosophy of social science.
A classic work in political philosophy, intellectual history and
economics, The Road to Serfdom has inspired and infuriated
politicians and scholars for half a century. Originally published
in 1944, it was seen as heretical for its passionate warning
against the dangers of state control over the means of production.
For Hayek, the collectivist idea of empowering government with
increasing economic control would lead not to a utopia but to the
horrors of Nazi Germany and Fascist Italy. This new edition
includes a foreword by series editor and leading Hayek scholar
Bruce Caldwell explaining the book's origins and publishing history
and assessing common misinterpretations of Hayek's thought.
Caldwell has also standardized and corrected Hayek's references and
added helpful new explanatory notes. Supplemented with an appendix
of related materials and forewords to earlier editions by the likes
of Milton Friedman, and Hayek himself, this new edition of The Road
to Serfdom will be the definitive version of Friedrich Hayek's
enduring masterwork.
This is the third and final volume of collected papers of A.W. Bob
Coats. Coats began to collect material for this volume in the years
following the publication of the second volume in 1993, but sadly
died in 2007, before the work was completed. The volume has now
been completed under the editorship of Roger Backhouse and Bruce
Caldwell. Along with his articles, the compilation of the volume
also reflects Coats' interest in and commitment to book reviews, a
selection of which have been chosen for inclusion. The book also
includes a comprehensive bibliography. In addition to a preface by
Backhouse and Caldwell, the volume also reproduces the obituary
that was published in History of Political Economy, a memoir
published in 1996, and an interview with Grant Fleming, published
the previous year. Together, the introductory materials, articles
and reviews serve as a fitting tribute to the body of work of Bob
Coats.
This is the third and final volume of collected papers of A.W. Bob
Coats. Coats began to collect material for this volume in the years
following the publication of the second volume in 1993, but sadly
died in 2007, before the work was completed. The volume has now
been completed under the editorship of Roger Backhouse and Bruce
Caldwell. Along with his articles, the compilation of the volume
also reflects Coats' interest in and commitment to book reviews, a
selection of which have been chosen for inclusion. The book also
includes a comprehensive bibliography. In addition to a preface by
Backhouse and Caldwell, the volume also reproduces the obituary
that was published in History of Political Economy, a memoir
published in 1996, and an interview with Grant Fleming, published
the previous year. Together, the introductory materials, articles
and reviews serve as a fitting tribute to the body of work of Bob
Coats.
The recent economic crisis in the United States has highlighted a
crisis of understanding. In this volume, Bradley C. S. Watson and
Joseph Postell bring together some of America's most eminent
thinkers on political economy an increasingly overlooked field
wherein political ideas and economic theories mutually inform each
other. Only through a restoration of political economy can we
reconnect economics to the human good. Economics as a discipline
deals with the production and distribution of goods and services.
Yet the study of economics can-indeed must be employed in our
striving for the best possible political order and way of life.
Economic thinkers and political actors need once again to consider
how the Constitution and basic principles of our government might
give direction and discipline to our thinking about economic
theories, and to the economic policies we choose to implement. The
contributors are experts in economic history, and the history of
economic ideas. They address basic themes of political economy,
theoretical and practical: from the relationship between natural
law and economics, to how our Founding Fathers approached
economics, to questions of banking and monetary policy. Their
insights will serve as trusty guides to future generations, as well
as to our own."
'The studies of which this book is the result have from the
beginning been guided by and in the end confirmed the somewhat
old-fashioned conviction of the author that it is human ideas which
govern the development of human affairs', Hayek wrote in his notes
in 1940. Indeed, Studies on the Abuse and Decline of Reason remains
Hayek's greatest unfinished work and is here presented for the
first time under the expert editorship of Bruce Caldwell. In the
book, Hayek argues that the abuse and decline of reason was caused
by hubris, by man's pride in his ability to reason, which in
Hayek's mind had been heightened by the rapid advance and
multitudinous successes of the natural sciences, and the attempt to
apply natural science methods in the social sciences.
This volume collects together the papers and reviews in which Hayek
fought his battle against socialism through the 1930s and 40s, a
battle which culminated in his most famous work "The Road to
Serfdom". 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"; and his papers on the relationship
between economic planning and freedom. The volume draws on Hayek's
shorter articles for weeklies, and his reviews, as well as his
academic papers and articles. It also includes an introduction,
providing background information and outlining the significance of
the period for Hayek's intellectual development.
Since its publication in 1982, Beyond Positivism has become
established as one of the definitive statements on economic
methodology. The book's rejection of positivism and its advocacy of
pluralism were to have a profound influence in the flowering of
work methodology that has taken place in economics in the decade
since its publication. This edition contains a new preface
outlining the major developments in the area since the book's first
appearance. The book provides the first comprehensive treatment of
twentieth century philosophy of science which emphasizes the issues
relevant to economics. It proceeds to demonstrate this relevance by
reviewing some of the key debates in the area. Having concluded
that positivism has to be rejected, the author examines possible
alternative bases for economic methodology. Arguing that there is
no best method, he advocates methodological pluralism.
Since its publication in 1982, Beyond Positivism has become
established as one of the definitive statements on economic
methodology. The book's rejection of positivism and its advocacy of
pluralism were to have a profound influence in the flowering of
work methodology that has taken place in economics in the decade
since its publication. This edition contains a new preface
outlining the major developments in the area since the book's first
appearance. The book provides the first comprehensive treatment of
twentieth century philosophy of science which emphasizes the issues
relevant to economics. It proceeds to demonstrate this relevance by
reviewing some of the key debates in the area. Having concluded
that positivism has to be rejected, the author examines possible
alternative bases for economic methodology. Arguing that there is
no best method, he advocates methodological pluralism.
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
Routledge's Collected Works of F. A. Hayek series. The Market and
Other Orders brings together more than twenty works spanning almost
forty years that consider this question. Consisting of speeches,
essays, and lectures, including Hayek's 1974 Nobel lecture, "The
Pretense of Knowledge," the works in this volume draw on a broad
range of perspectives, including the philosophy of science, the
physiology of the brain, legal theory, and political philosophy.
Taking readers from Hayek's early development of the idea of
spontaneous order in economics through his integration of this
insight into political theory and other disciplines, the book
culminates with Hayek's integration of his work on these topics
into an overarching social theory that accounts for spontaneous
order in the variety of complex systems that Hayek studied
throughout his career. Edited by renowned Hayek scholar Bruce
Caldwell, who also contributes a masterly introduction that
provides biographical and historical context, The Market and Other
Orders forms the definitive compilation of Hayek's work on
spontaneous order.
This volume reproduces all of the significant contributions
including Keynes' and Sraffa's replies to Hayek. One major piece by
Hayek, "The Economics of the 1930s as seen from London" is
published for the first time.
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
"Contra Keynes and Cambridge" recreates the original debate between
Hayek and John Maynard Keynes which began on the pages of
"Economica" in 1931 and which, in its implications for both
economic theory and policy, is yet to be resolved. This volume
reproduces all of the significant contributions including Keynes'
and Sraffa's replies to Hayek. One major piece by Hayek - "The
Economics of the 1930s as Seen from London" - is published for the
first time, and the volume includes extensive notes and an
authoritative introduction.
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
Routledge's Collected Works of F. A. Hayek series. The Market and
Other Orders brings together more than twenty works spanning almost
forty years that consider this question. Consisting of speeches,
essays, and lectures, including Hayek's 1974 Nobel lecture, "The
Pretense of Knowledge," the works in this volume draw on a broad
range of perspectives, including the philosophy of science, the
physiology of the brain, legal theory, and political philosophy.
Taking readers from Hayek's early development of the idea of
spontaneous order in economics through his integration of this
insight into political theory and other disciplines, the book
culminates with Hayek's integration of his work on these topics
into an overarching social theory that accounts for spontaneous
order in the variety of complex systems that Hayek studied
throughout his career. Edited by renowned Hayek scholar Bruce
Caldwell, who also contributes a masterly introduction that
provides biographical and historical context, The Market and Other
Orders forms the definitive compilation of Hayek's work on
spontaneous order.
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-siecle Vienna, of the Austrian school of economics--a
distinctive analysis forged in the midst of contending schools of
thought. In the second part of the book, Caldwell follows the path
by which Hayek, beginning from the standard Austrian assumptions,
gradually developed his unique perspective on not only economics
but a broad range of social phenomena. In the third part, Caldwell
offers both an assessment of Hayek's arguments and, in an epilogue,
an insightful estimation of how Hayek's insights can help us to
clarify and reexamine changes in the field of economics during the
twentieth century.
As Hayek's ideas matured, he became increasingly critical of
developments within mainstream economics: his works grew
increasingly contrarian and evolved in striking--and sometimes
seemingly contradictory--ways. Caldwell is ideally suited to
explain the complex evolution of Hayek's thought, and his analysis
here is nothing short of brilliant, impressively situating Hayek in
a broader intellectual context, unpacking the often difficult turns
in his thinking, and showing how his economic ideas came to inform
his ideas on the other social sciences.
"Hayek's Challenge" will be received as one of the most important
works published on this thinker in recent decades.
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