This is a condensed edition of 'The Road to Serfdom' republished in this edition with 'The Intellectuals and Socialism' (originally published in 1949). In 'The Road to Serfdom' F. A. Hayek set out the danger posed to freedom by attempts to apply the principles of wartime economic and social planning to the problems of peacetime. Hayek argued that the rise of Nazism was not due to any character failure on the part of the German people, but was a consequence of the socialist ideas that had gained common currency in Germany in the decades preceding the outbreak of war. Such ideas, Hayek argued, were now becoming similarly accepted in Britain and the USA. On its publication in 1944, 'The Road to Serfdom' caused a sensation. Its publishers could not keep up with demand, owing to wartime paper rationing. Then, in April 1945, Reader's Digest published a condensed version of the book and Hayek's work found a mass audience. This condensed edition was republished for the first time by the IEA in 1999. Since then it has been frequently reprinted. There is an enduring demand for Hayek's relevant and accessible message. The 'Road to Serfdom' is republished in this impression with 'The Intellectuals and Socialism' originally published in 1949, in which Hayek explained the appeal of socialist ideas to intellectuals - the 'second-hand dealers in ideas'. Intellectuals, Hayek argued, are attracted to socialism because it involves the rational application of the intellect to the organisation of society, while its utopianism captures their imagination and satisfies their desire to make the world submit to their own design.

In diesem Band, der ursprunglich 1933 von Friedrich A. Hayek herausgegeben wurde, sind eine Reihe von Beitragen zur Geldtheorie zusammengestellt, deren Autoren aus heutiger Sicht zu Wegbereitern der modernen Geldtheorie gezahlt werden koennen. Die Beitrage von Knut Wicksell, Gunar Myrdal, Johan G. Koopmans, Marius W. Holtrup und Marco Fanno wurden fur diese Ausgabe eigens ins Deutsche ubersetzt, um sie einer breiteren OEffentlichkeit bekannt zu machen. Die abgedeckten Themengebiete umfassen die Theorie des Geldmarktes, die Umlaufgeschwindigkeit des Geldes, das Problem des neutralen Geldes, den Gleichgewichtsbegriff in der geldtheoretischen Analyse sowie das Valutaproblem in den skandinavischen Landern. Das Vorwort von Hayek setzt die Beitrage in einen Zusammenhang und zeigt die jeweilige Bedeutung der Artikel in der Theorie des Geldes auf.

This is a new release of the original 1952 edition.

This is a new release of the original 1951 edition.

This is a new release of the original 1939 edition.

This is a new release of the original 1952 edition.

This is a new release of the original 1951 edition.

LARGE PRINT EDITION More at LargePrintLiberty.com. F.A. Hayek said that his biggest regret in a lifetime of writing was that he never wrote a book-length refutation of Keynesian economics. He seriously doubted that Keynesian style planning would ever captivate governments, so he focused on different things. Economist Sudha Shenoy decided to rectify the problem. As a Hayek scholar, she noted that Hayek had in fact addressed Keynesian policy in scattered places throughout 40 years of writing. She decided to select the most poignant passages. She linked them all together with marvelous commentary and analysis. And voila Here is the book on Keynesian economics that Hayek never wrote.

This is a new release of the original 1949 edition.

This is a new release of the original 1949 edition.

LARGE PRINT EDITION More at LargePrintLiberty.com. What if the government let anyone use a currency of his or her choosing? What if the government permitted entrepreneurs to innovate in the monetary sector, such as by creating digital currencies or minting commodity money? This is precisely what F.A. Hayek argues. This book is the very core of the Hayekian approach to monetary policy, and the book that drew the world's attention to this radical thinker following his Nobel Prize in economics. The argument is substantively similar to Mises's but rather than a gold standard, Hayek argues for completely abandoning government attempts to reform money. The result would be competitive private currencies that permits the market alone to choose the dominant currency the world over.