Hayek and the Evolution of Capitalism

Hayek and the Evolution of Capitalism

Author: Naomi Beck

Publisher: University of Chicago Press

Published: 2018-06-21

Total Pages: 191

ISBN-13: 022655614X

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Few economists can claim the influence—or fame—of F. A. Hayek. Winner of the Nobel Prize, Hayek was one of the most consequential thinkers of the twentieth century, his views on the free market echoed by such major figures as Ronald Reagan and Margaret Thatcher. Yet even among those who study his work in depth, few have looked closely at his use of ideas from evolutionary science to advance his vision of markets and society. With this book Naomi Beck offers the first full-length engagement with Hayek’s thought from this perspective. Hayek argued that the capitalism we see in advanced civilizations is an unintended consequence of group selection—groups that adopted free market behavior expanded more successfully than others. But this attempt at a scientific grounding for Hayek’s principles, Beck shows, fails to hold water, plagued by incoherencies, misinterpretations of the underlying science, and lack of evidence. As crises around the globe lead to reconsiderations of the place of capitalism, Beck’s excavation of this little-known strand of Hayek’s thought—and its failure—is timely and instructive.


The Great Persuasion

The Great Persuasion

Author: Angus Burgin

Publisher: Harvard University Press

Published: 2012-10-30

Total Pages: 314

ISBN-13: 0674067436

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Just as economists struggle today to justify the free market after the global economic crisis, an earlier generation revisited their worldview after the Great Depression. In this intellectual history of that project, Burgin traces the evolution of postwar economic thought in order to reconsider the most basic assumptions of a market-centered world.


Revisiting Hayek's Political Economy

Revisiting Hayek's Political Economy

Author: Peter J. Boettke

Publisher: Emerald Group Publishing

Published: 2016-12-08

Total Pages: 204

ISBN-13: 1785609874

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Volume 21 of Advances in Austrian Economics exemplifies this focus by highlighting key research from the Austrian tradition of economics with other research traditions in economics and related areas.


The Road to Serfdom

The Road to Serfdom

Author: John Blundell

Publisher:

Published: 2018

Total Pages: 0

ISBN-13:

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In the last years of World War II, Friedrich Hayek wrote 'The Road to Serfdom'. He warned the Allies that policy proposals which were being canvassed for the post-war world ran the risk of destroying the very freedom for which they were fighting. On the basis of 'as in war, so in peace', economists and others were arguing that the government should plan all economic activity. Such planning, Hayek argued, would be incompatible with liberty, and had been at the very heart of the movements that had established both communism and Nazism. On its publication in 1944, the book caused a sensation. Neither its British nor its American publisher could keep up with demand, owing to wartime paper rationing. Then, in 1945, Reader's Digest published 'The Road to Serfdom' as the condensed book in its April edition. For the first and still the only time, the condensed book was placed at the front of the magazine instead of the back. Hayek found himself a celebrity, addressing a mass market. The condensed edition was republished for the first time by the IEA in 1999 and has been reissued to meet the continuing demand for its enduringly relevant and accessible message.


The Cambridge Companion to Hayek

The Cambridge Companion to Hayek

Author: Edward Feser

Publisher: Cambridge University Press

Published: 2006-11-30

Total Pages: 21

ISBN-13: 1139827588

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F. A. Hayek (1899–1992) was among the most important economists and political philosophers of the twentieth century. He is widely regarded as the principal intellectual force behind the triumph of global capitalism, an 'anti-Marx' who did more than any other recent thinker to elucidate the theoretical foundations of the free market economy. His account of the role played by market prices in transmitting economic knowledge constituted a devastating critique of the socialist ideal of central economic planning, and his famous book The Road to Serfdom was a prophetic statement of the dangers which socialism posed to a free and open society. He also made significant contributions to fields as diverse as the philosophy of law, the theory of complex systems, and cognitive science. The essays in this volume, by an international team of contributors, provide a critical introduction to all aspects of Hayek's thought.


Hayek's Challenge

Hayek's Challenge

Author: Bruce Caldwell

Publisher: University of Chicago Press

Published: 2008-12-05

Total Pages: 504

ISBN-13: 0226091929

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Friedrich A. Hayek is regarded as one of the preeminent economic theorists of the twentieth century, as much for his work outside of economics as for his work within it. During a career spanning several decades, he made contributions in fields as diverse as psychology, political philosophy, the history of ideas, and the methodology of the social sciences. Bruce Caldwell—editor of The Collected Works of F. A. Hayek—understands Hayek's thought like few others, and with this book he offers us the first full intellectual biography of this pivotal social theorist. Caldwell begins by providing the necessary background for understanding Hayek's thought, tracing the emergence, in fin-de-siècle Vienna, of the Austrian school of economics—a distinctive analysis forged in the midst of contending schools of thought. In the second part of the book, Caldwell follows the path by which Hayek, beginning from the standard Austrian assumptions, gradually developed his unique perspective on not only economics but a broad range of social phenomena. In the third part, Caldwell offers both an assessment of Hayek's arguments and, in an epilogue, an insightful estimation of how Hayek's insights can help us to clarify and reexamine changes in the field of economics during the twentieth century. As Hayek's ideas matured, he became increasingly critical of developments within mainstream economics: his works grew increasingly contrarian and evolved in striking—and sometimes seemingly contradictory—ways. Caldwell is ideally suited to explain the complex evolution of Hayek's thought, and his analysis here is nothing short of brilliant, impressively situating Hayek in a broader intellectual context, unpacking the often difficult turns in his thinking, and showing how his economic ideas came to inform his ideas on the other social sciences. Hayek's Challenge will be received as one of the most important works published on this thinker in recent decades.


The Politics of Postmodernity

The Politics of Postmodernity

Author: Gary Brent Madison

Publisher: Springer Science & Business Media

Published: 2001-04-30

Total Pages: 298

ISBN-13: 9780792368595

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This volume outlines in a clear and coherent manner the implications for political theory that are inherent in philosophical hermeneutics. It demonstrates how hermeneutical theory provides the ultimate philosophical justification for democratic practice and universal human rights.


Austrian Economics in Transition

Austrian Economics in Transition

Author: H. Hagemann

Publisher: Springer

Published: 2010-05-28

Total Pages: 345

ISBN-13: 0230281613

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This book analyzes both the consistent and changing elements in the Austrian School of Economics since its foundation in the late 19th Century up to the recent offspring of this School. It investigates the dynamic metamorphosis of the school, mainly with reference to its contact with representatives of history of economic thought.