Economic Freedom

by Friedrich A. Hayek

This volume brings together eleven papers by Hayek, published by the Institute of Economic Affairs, which has pioneered the dissemination of his writings in this country. "Economic Freedom" provides a compendium of Hayek's insights into the questions underlying economic debate in the United Kingdom during the 40 years' era of the post-war collectivists consensus. Core topics include his continuing critique of the Keynesian "revolution" with its emphasis on demand management and its legacy of inflation; the relationship between inflation and unemployment and the role of the unions in a free society. Featured in this collection are Hayek's proposals for "competitive currencies", first published as "Choice in Currency" and then expanded into "The Denationalization of Money" and "Market Standards for Money". Also included are Hayek's Alfred Nobel Memorial Lecture on the methodology of economics which he called "The Pretence of Knowledge" and one of his earliest essays, "The Repercussions of Rent Restrictions".

Genres: Economics, Philosophy

448 pages, Hardcover

First published January 1, 1973

About the author

Friedrich August von Hayek CH was an Austrian and British economist and philosopher known for his defense of classical liberalism and free-market capitalism against socialist and collectivist thought. He is considered by some to be one of the most important economists and political philosophers of the twentieth century. Hayek's account of how changing prices communicate signals which enable individuals to coordinate their plans is widely regarded as an important achievement in economics. Hayek also wrote on the topics of jurisprudence, neuroscience and the history of ideas.

Hayek is one of the most influential members of the Austrian School of economics, and in 1974 shared the Nobel Memorial Prize in Economics with Gunnar Myrdal "for their pioneering work in the theory of money and economic fluctuations and for their penetrating analysis of the interdependence of economic, social and institutional phenomena." He also received the U.S. Presidential Medal of Freedom in 1991 from president George H. W. Bush.

Hayek lived in Austria, Great Britain, the United States and Germany, and became a British subject in 1938.

Reviews

[Quân Khuê]

ờ, đọc xong rồi

[Noi Nhieu · Rating 2 out of 5]

Translation needs improvement!