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This major three-volume collection - offered in the centenary year
of Hayek's birth - celebrates a lifetime of scholarship and
original contributions that cross the disciplines of politics,
philosophy and economics. Hayek rose to fame as a young technical
economist engaged in debate with Keynes and became infamous in
middle age for his harsh critique of socialist planning. For much
of the 1950s and 1960s Hayek was ignored as a relic of 19th century
economic liberalism as the tide of intellectual and political
fashion moved against both his warnings about Keynesian demand
management and his critique of socialist planning. Late in life,
Hayek was celebrated as a prescient scholar who foresaw the decline
in both the Keynesian and socialist systems of economic control.
Hayek made major analytical contributions which have yet to be
appreciated by either friend or foe. Through this selection of
classic articles The Legacy of Friedrich von Hayek attempts to
place Hayek's contributions to political economy in a proper
perspective.
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