2012 Reprint of 1937 Edition. Exact facsimile of the original edition, not reproduced with Optical Recognition Software. This book contains five essays by a young Hayek. Lectures are: "National Monetary Systems; The Function and Mechanism of International Flows of Money; Independent Currencies; International Capita Movements and The Problems of a Really International Standard." Lectures include considerable discussion of the gold standard.

2012 Reprint of 1932 Edition. Exact facsimile of the original edition, not reproduced with Optical Recognition Software. This essay is one of the important early works that together "represent the first integration and systematic elaboration of the Austrian theories of money, capital, business cycles, and comparative monetary institutions, which constitute the essential core of Austrian macroeconomics. Indeed these works have profoundly influenced postwar expositions of Austrian or "capital-based" macroeconomics down to the present day. The creation of such an oeuvre would be a formidable intellectual feat over an entire lifetime; it is an absolute marvel when we consider that Hayek had completed it in the span of eight years (1929-1937) and still well shy of his fortieth birthday."-- Joseph T. Salerno

2012 Reprint of 1939 Edition. Exact facsimile of the original edition, not reproduced with Optical Recognition Software. This pamphlet is a manifesto, at once concise, cogent and eloquent, of individualistic liberalism. It is a fundamental challenge to the doctrine of liberal socialism. The kernel of his argument is that collectivist economic planning involves the planning organ of society in making final and authoritative decisions concerning the relative importance of different human needs: it therefore presupposes a very large measure of agreement on the part of the whole people in the matter of social values.

English summary: In the first part of what is probably his most significant work, Nobel Prize winner Friedrich A. von Hayek provides a comprehensive systematic description of the fundamental principles of a liberal social philosophy which has formed the basis for the development of European civilization in the last centuries. In the second part of the book, the author deals with the origin of the rule of law and its significance for safeguarding personal freedom. In the third part, Hayek shows, using relevant examples, how important principles of the rule of law have been violated with the emergence of the welfare state and how this could lead to the destruction of personal freedom. German description: Wenn alte Wahrheiten ihren Einfluss auf das Denken der Menschen behalten sollen, mussen sie von Zeit zu Zeit in der Sprache und den Begriffen der nachfolgenden Generationen neu formuliert werden. (Hayek). Dies unternimmt F. A. von Hayek in der Verfassung der Freiheit, die nunmehr in 4. Auflage als Band B 3 der deutschen Ausgabe des Hayekschen Werks ( Gesammelte Schriften ) erscheint. Dieses wohl bedeutendste Werk des Nobelpreistragers bietet im ersten Teil eine umfassende systematische Darstellung der wesentlichen Prinzipien einer freiheitlichen Sozialphilosophie - der Grundlage fur die Entwicklung der europaischen Zivilisation in den letzten Jahrhunderten. Der zweite Teil befasst sich mit der Entstehung der rechtsstaatlichen Grundsatze - der rule of law - und ihrer Bedeutung fur die Sicherung der personlichen Freiheit. Im dritten Teil zeigt Hayek, wie mit dem Aufkommen des Wohlfahrtsstaates wichtige rechtsstaatliche Prinzipien verletzt werden und damit die personliche Freiheit zerstort zu werden droht. Dies verdeutlicht er anhand aufschlussreicher Beispiele aus den Bereichen Gewerkschaften und Beschaftigung, soziale Sicherheit, Besteuerung und Umverteilung, Landwirtschaft und Naturschatze, Erziehung und Forschung.