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This tenth part of Robert Leeson's collaborative biography of Friedrich August von Hayek explores Hayek's thought on the free market and democracy.
This book explores the origins of Arthur Laffer's economic theories and how they became a part of mainstream economic policy.
This book is the seventh volume in this series which explores the life of Nobel Price-winning economist F.A.
Drawing on an array of archival evidence from court records to the poems of Chaucer, this work explores how medieval thinkers understood economic activity, how their ideas were transmitted and the extent to which they were accepted.
This book- which features a foreword by Jean-Claude Juncker and Preface by Professor Harold James- examines the European vocation and achievements of Pierre Werner (1913¿2002), former Prime Minister, Finance Minister and Foreign Minister of Luxembourg, unanimously recognized as one of the architects of Economic and Monetary Union. The author makes extensive use of Pierre Werner¿s previously unpublished archives belonging to the Werner family, opened for the first time for research purposes. The book analyses the Werner Report, negotiations within the Werner Committee, the emergence of the Committee¿s views on EMU, their political commitment to a European currency, the similarities and differences between their ideas, their personal networks, the influence of the states they represented, their theoretical and methodological input and their contribution to the political consensus.Chapters shed new light on various aspects of the European integration process and also onthe role of Luxembourg and its European policy. In addition, the author has carried out a series of original interviews with Luxembourg and European figures who share their memories and thoughts concerning Pierre Werner, his achievements and his views on the European integration process, and also other topics such as Economic and Monetary Union and Luxembourg¿s European policy. This book will be of interest and value to researchers, EU policy makers and students in the fields of political economy, political science, economic history and history of economic thought.
and behind the 'slogan of liberty,' White Terror promoters (Mises and Hayek) sought to concentrate power in the hands of a 'dictatorial democracy' where henchmen would liquidate enemies, and - 'guided' by 'utopia' (the 'spontaneous' order) - follow orders from their social superiors.
Yet his Road to Serfdom neglected 'another road to serfdom' - the possibility that there were multiple threats to individual freedom - not just State power.
Hayek claimed that he always made it his rule 'not to be concerned with current politics, but to try to operate on public opinion.' However, evidence suggests that he was a party political operative with 'free' market scholarship being the vehicle through which he sought - and achieved - party political influence.
Funded by the tobacco and fossil fuel industries, the Mises- and Hayek-inspired 'free' market has adopted 'The Slogan of Liberty' - but should their faith-based assertions be accorded the same epistemological status as a science?
This multi-volume biography examines the evolution of his life and influence. In this ninth volume of Leeson's collaborative biography of Friedrich August von Hayek, a variety of well-known contributors discuss Hayek's views on the divine right of the market taking democratic and free-market principles into account.
This book- which features a foreword by Jean-Claude Juncker and Preface by Professor Harold James- examines the European vocation and achievements of Pierre Werner (1913¿2002), former Prime Minister, Finance Minister and Foreign Minister of Luxembourg, unanimously recognized as one of the architects of Economic and Monetary Union. The author makes extensive use of Pierre Werner¿s previously unpublished archives belonging to the Werner family, opened for the first time for research purposes. The book analyses the Werner Report, negotiations within the Werner Committee, the emergence of the Committee¿s views on EMU, their political commitment to a European currency, the similarities and differences between their ideas, their personal networks, the influence of the states they represented, their theoretical and methodological input and their contribution to the political consensus.Chapters shed new light on various aspects of the European integration process and also on the role of Luxembourg and its European policy. In addition, the author has carried out a series of original interviews with Luxembourg and European figures who share their memories and thoughts concerning Pierre Werner, his achievements and his views on the European integration process, and also other topics such as Economic and Monetary Union and Luxembourg¿s European policy. This book will be of interest and value to researchers, EU policy makers and students in the fields of political economy, political science, economic history and history of economic thought.
This book is the eighth volume in this Collaborative Biography, which explores the life and works of Nobel Prize-winning economist F.A.
On 9 August 1974, Richard Nixon resigned to avoid impeachment; on 29 April 1975, the United States scuttled from their Embassy in Saigon - optics that were interpreted as defeats for the ¿International Right¿. Yet in 1975, Margaret Thatcher became leader of the Conservative Party; and in 1976 Ronald Reagan almost unseated a sitting Republican Party President. Pivotal to the ¿turn to the Right¿ was Friedrich ¿von¿ Hayek¿s 1974 Nobel Prize for Economic Science - awarded for having used Austrian Business Cycle Theory to predict the Great Depression: ¿For him it is not a matter of a simple defence of a liberal system of society as may sometimes appear from the popularized versions of his thinking.¿The evidence suggests that Hayek¿s fraudulent assertion was uncovered at the University of Chicago in the early 1930s ¿ but not reported. The most likely explanation is self-censorship - for reasons of ideological correctness, fund raising and residual deference to the Second Estate. Four indirect tests suggest that ¿free¿ market economists have - in other instances and presumably for fund-raising motives - suppressed embarrassing ¿knowledge¿: which suggests that they were perfectly capable of suppressing ¿knowledge¿ about Hayek¿s non-prediction of the Great Depression.With respect to the Nobel Prize and thus his ability to reach a wider audience, Hayek was fortune in having two loyal ¿intermediaries¿: Lionel Robbins and Fritz Machlup who were ¿ and probably felt themselves to be ¿ ¿socially¿ inferior to ¿von¿ Hayek.
Hayek claimed that he always made it his rule 'not to be concerned with current politics, but to try to operate on public opinion.' However, evidence suggests that he was a party political operative with 'free' market scholarship being the vehicle through which he sought - and achieved - party political influence.
Yet his Road to Serfdom neglected 'another road to serfdom' - the possibility that there were multiple threats to individual freedom - not just State power.
Funded by the tobacco and fossil fuel industries, the Mises- and Hayek-inspired 'free' market has adopted 'The Slogan of Liberty' - but should their faith-based assertions be accorded the same epistemological status as a science?
and behind the 'slogan of liberty,' White Terror promoters (Mises and Hayek) sought to concentrate power in the hands of a 'dictatorial democracy' where henchmen would liquidate enemies, and - 'guided' by 'utopia' (the 'spontaneous' order) - follow orders from their social superiors.
Uses archival evidence to provide unique insights into US economics, focusing on the origins of the IMF, building a multilateral strategy for the US, the Great Inflation of the 1970s, and on Marriner S. Eccles, Lauchlin Currie, Allyn Young, John H. Williams and Arthur I. Bloomfield.
This multi-volume biography examines the evolution of his life and influence. In this ninth volume of Leeson's collaborative biography of Friedrich August von Hayek, a variety of well-known contributors discuss Hayek's views on the divine right of the market taking democratic and free-market principles into account.
An exploration of Friedrich Hayek's contribution to the foundation of behavioural economics, and how his work interacted with and complemented that of his contemporaries. Chapters include detailed discussions of the concept of rationality, psychology and Hayek's philosophical theories as well as the historical context in which he lived and worked.
This is the first collaborative biography of Hayek. Some of the world's most distinguished scholars will integrate the archival evidence with Hayek's published writings to illuminate the process by which Hayek changed the direction of world history.
This volume examines the process by which Keynes' message got interpreted and re-interpreted and thus separated into a Left and a Right political-economic stream. Archival evidence is used to shed a fresh light on many of the controversies (and colourful characters) of the Keynesian tradition.
F.A. Hayek (1899-1992) was a Nobel Prize winning economist, famous for his defense against classical liberalism. This volume xamines Hayek's relationship with the Chicago School, and looks at The Consitution of Liberty - Hayek's vision of the wealthy. The study highlights the paradox that arises from the spontaneous order of trade unions.
This fourth volume examines his time in Vienna and Chicago (1931-1950), when Hayek held the prestigious University of London Tooke Professorship of Economic Science and Statistics. Between Vienna and Chicago (1931-1950), although his business cycle work was apparently defeated, this study takes a closer look at Hayek's successes.
F.A. Hayek (1899-1992), the co-leader of the Austrian free market school, embraced the transparently fraudulent assertion made by Donald McCormick, aka Richard Deacon, in The British Connection which accused A.C. Pigou, the co-leader of the Cambridge market failure school, of being a Soviet spy.
A group of leading scholars from around the world use archival material alongside Hayek's published work to bring a new perspective on the life and times of one the 20th Century's most influential economists. This much awaited second volume details the life of Hayek from 1899 to1933 covering Hayek's time in Austria and the USA.
This book is a collection of specially commissioned chapters from philosophers, economists, and political scientists, focusing on Adam Smith's two main works Theory of Moral Sentiments and Wealth of Nations with a view to bringing Smith to a mainstream philosophy audience while simultaneously informing Smith's traditional constituency.
This book is a collection of specially commissioned chapters from philosophers, economists, political and behavioral economists, cognitive and organizational psychologists, computer scientists, sociologists and permutations thereof as befits the polymathic subject of this book - Herbert Simon.
This fourth volume examines his time in Vienna and Chicago (1931-1950), when Hayek held the prestigious University of London Tooke Professorship of Economic Science and Statistics. Between Vienna and Chicago (1931-1950), although his business cycle work was apparently defeated, this study takes a closer look at Hayek's successes.
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