Hayek and the Evolution of Capitalism

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Publisher : University of Chicago Press
ISBN 13 : 022655614X
Total Pages : 208 pages
Book Rating : 4.2/5 (265 download)

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Book Synopsis Hayek and the Evolution of Capitalism by : Naomi Beck

Download or read book Hayek and the Evolution of Capitalism written by Naomi Beck and published by University of Chicago Press. This book was released on 2018-06-21 with total page 208 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Hayek

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Publisher : University of Chicago Press
ISBN 13 : 0226816826
Total Pages : 869 pages
Book Rating : 4.2/5 (268 download)

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Book Synopsis Hayek by : Bruce Caldwell

Download or read book Hayek written by Bruce Caldwell and published by University of Chicago Press. This book was released on 2022-11-25 with total page 869 pages. Available in PDF, EPUB and Kindle. Book excerpt: A 2022 Economist Best Book of the Year. The definitive account of the distinguished economist’s formative years. Few twentieth-century figures have been lionized and vilified in such equal measure as Friedrich Hayek—economist, social theorist, leader of the Austrian school of economics, and champion of classical liberalism. Hayek’s erudite arguments in support of individualism and the market economy have attracted a devout following, including many at the levers of power in business and government. Critics, meanwhile, cast Hayek as the intellectual forefather of “neoliberalism” and of all the evils they associate with that pernicious doctrine. In Hayek: A Life, historians of economics Bruce Caldwell and Hansjörg Klausinger draw on never-before-seen archival and family material to produce an authoritative account of the influential economist’s first five decades. This includes portrayals of his early career in Vienna; his relationships in London and Cambridge; his family disputes; and definitive accounts of the creation of The Road to Serfdom and of the founding meeting of the Mont Pèlerin Society. A landmark work of history and biography, Hayek: A Life is a major contribution both to our cultural accounting of a towering figure and to intellectual history itself.

Hayek and the Market

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Author :
Publisher : Pluto Press (UK)
ISBN 13 :
Total Pages : 184 pages
Book Rating : 4.:/5 (43 download)

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Book Synopsis Hayek and the Market by : Jim Tomlinson

Download or read book Hayek and the Market written by Jim Tomlinson and published by Pluto Press (UK). This book was released on 1990 with total page 184 pages. Available in PDF, EPUB and Kindle. Book excerpt: A critique of the work of New Right thinker Friedrich Hayek, whose writings set out an intellectual foundation for an economy based on private property, free markets and minimal government. Tomlinson focuses on Hayek's economic theories and assesses their relevance to market socialism.

Capitalism

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Publisher : Springer Science & Business Media
ISBN 13 : 1461418798
Total Pages : 690 pages
Book Rating : 4.4/5 (614 download)

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Book Synopsis Capitalism by : Bruce R. Scott

Download or read book Capitalism written by Bruce R. Scott and published by Springer Science & Business Media. This book was released on 2011-10-02 with total page 690 pages. Available in PDF, EPUB and Kindle. Book excerpt: Two systems of governance, capitalism and democracy, prevail in the world today. Operating simultaneously in partially distinct domains, these systems rely on indirect governance through regulated competition to coordinate actors; inevitably, these systems influence and transform each other. This book rejects the simple equation of capitalism with markets in favor of a three-level system, a model which recognizes that markets are administered by regulators through institutions and governed by a political authority with the power to regulate behavior, punish transgressors, and redesign institutions. This system's emergence required the sovereign to relinquish some power in order to release the energies of economic actors. Rather than spreading through an unguided natural process like trade, capitalism emerged where competitive pressures forced political authorities to take risks in order to achieve increased revenues by permitting markets for land, labor, and capital.

F. A. Hayek

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Publisher : Springer
ISBN 13 : 1137411600
Total Pages : 323 pages
Book Rating : 4.1/5 (374 download)

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Book Synopsis F. A. Hayek by : Peter J. Boettke

Download or read book F. A. Hayek written by Peter J. Boettke and published by Springer. This book was released on 2018-09-05 with total page 323 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book explores the life and work of Austrian-British economist, political economist, and social philosopher, Friedrich Hayek. Set within a context of the recent financial crisis, alongside the renewed interest in Hayek and the Hayek-Keynes debate, the book introduces the main themes of Hayek’s thought. These include the division of knowledge, the importance of rules, the problems with planning and economic management, and the role of constitutional constraints in enabling the emergence of unplanned order in the market by limiting the perverse incentives and distortions in information often associated with political discretion. Key to understanding Hayek's development as a thinker is his emphasis on the knowledge problem that economic decision makers face and how alternative institutional arrangements either hinder or assist them in overcoming that epistemic dilemma. Hayek saw order emerging from individual action and responsibility under the appropriate institutional order that itself emerges from actors discovering new and better ways to coordinate their behavior. This book will be of interest to all those keen to gain a deeper understanding of this great 20th century thinker in economics.

Knowledge, Evolution, and Society

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Publisher :
ISBN 13 :
Total Pages : 70 pages
Book Rating : 4.F/5 ( download)

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Book Synopsis Knowledge, Evolution, and Society by : Friedrich August Hayek

Download or read book Knowledge, Evolution, and Society written by Friedrich August Hayek and published by . This book was released on 1983 with total page 70 pages. Available in PDF, EPUB and Kindle. Book excerpt: Foreword / Eamonn Butler -- Friedrich Hayek, Nobel prizewinner / Arthur Shenfield -- Coping with ignorance / F.A. Hayek -- Science and socialism / F.A. Hayek -- The reactionary nature of the socialist conception / F.A. Hayek -- Our moral heritage / F.A. Hayek.

The Pure Theory of Capital

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Publisher : Routledge
ISBN 13 : 1136748865
Total Pages : 461 pages
Book Rating : 4.1/5 (367 download)

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Book Synopsis The Pure Theory of Capital by : F. A. Hayek

Download or read book The Pure Theory of Capital written by F. A. Hayek and published by Routledge. This book was released on 2019-08-08 with total page 461 pages. Available in PDF, EPUB and Kindle. Book excerpt: F. A. Hayek’s long-overlooked volume, was his most detailed work in economic theory. Originally published in 1941 when fashionable economic thought had shifted to John Maynard Keynes, Hayek’s manifesto of capital theory is now available again for today’s students and economists to discover. With a new introduction by Hayek expert Lawrence H. White, who firmly situates the book not only in historical and theoretical context but within Hayek’s own life and his struggle to complete the manuscript, this edition commemorates the celebrated scholar’s last major work in economics. Offering a detailed account of the equilibrium relationships between inputs and outputs in an economy, Hayek’s stated objective was to make capital theory "useful for the analysis of the monetary phenomena of the real world.” His ambitious goal was nothing less than to develop a capital theory that could be fully integrated into the business cycle theory.

Essays on Hayek

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Publisher : Routledge
ISBN 13 : 1134558627
Total Pages : 224 pages
Book Rating : 4.1/5 (345 download)

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Book Synopsis Essays on Hayek by : Fritz Machlup

Download or read book Essays on Hayek written by Fritz Machlup and published by Routledge. This book was released on 2013-10-16 with total page 224 pages. Available in PDF, EPUB and Kindle. Book excerpt: Varying according to the scope of Hayek's contributions, the papers in this volume include among others: * An affirmation of the "relevance" of Hayek's work * A survey of his contribution to knowledge * An appraisal of Hayek's innovative work on the methodology of the social sciences * A discussion of Hayek's achievements as scholar and mentor The contributors are: Fritz Machlup, Geroge Roche, Arthur Shenfield, Max Hartwell, William Buckley, Gottfried Dietze, Shirley Letwin.

Conceptualizing Capitalism

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Publisher : University of Chicago Press
ISBN 13 : 022641969X
Total Pages : 506 pages
Book Rating : 4.2/5 (264 download)

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Book Synopsis Conceptualizing Capitalism by : Geoffrey M. Hodgson

Download or read book Conceptualizing Capitalism written by Geoffrey M. Hodgson and published by University of Chicago Press. This book was released on 2016-09-09 with total page 506 pages. Available in PDF, EPUB and Kindle. Book excerpt: Capitalism is the dominant economic framework in modern history, but it s unclear how it really works. Relying on the free movement and spontaneous coordination of seemingly infinitesimal market forces, its very essence is remarkably complex. Geoffrey M. Hodgson offers a more precise conceptual framework, defines the concepts involved, and illustrates that what is most important, and what has been most often overlooked, are institutions and contractsthe law. Chapter by chapter, Hodgson focuses in on how capitalism works at its very core to develop his own definitive theory of capitalism. By employing economic history and comparative analysis toward explanatory and analytical ends, Hodgson shows how capitalism is not an eternal or natural order, but indeed a relatively recent institution. If anyone were qualified to venture such a comprehensive and definitive analysis of such an important economic, legal, and social phenomenon, it is Geoffrey Hodgson. "Conceptualizing Capitalism" will significantly alter and carry forward our understanding of markets and how they work."

Capitalism in America

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Publisher : Penguin
ISBN 13 : 0735222452
Total Pages : 496 pages
Book Rating : 4.7/5 (352 download)

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Book Synopsis Capitalism in America by : Alan Greenspan

Download or read book Capitalism in America written by Alan Greenspan and published by Penguin. This book was released on 2018-10-16 with total page 496 pages. Available in PDF, EPUB and Kindle. Book excerpt: From the legendary former Fed Chairman and the acclaimed Economist writer and historian, the full, epic story of America's evolution from a small patchwork of threadbare colonies to the most powerful engine of wealth and innovation the world has ever seen. Shortlisted for the 2018 Financial Times and McKinsey Business Book of the Year Award From even the start of his fabled career, Alan Greenspan was duly famous for his deep understanding of even the most arcane corners of the American economy, and his restless curiosity to know even more. To the extent possible, he has made a science of understanding how the US economy works almost as a living organism--how it grows and changes, surges and stalls. He has made a particular study of the question of productivity growth, at the heart of which is the riddle of innovation. Where does innovation come from, and how does it spread through a society? And why do some eras see the fruits of innovation spread more democratically, and others, including our own, see the opposite? In Capitalism in America, Greenspan distills a lifetime of grappling with these questions into a thrilling and profound master reckoning with the decisive drivers of the US economy over the course of its history. In partnership with the celebrated Economist journalist and historian Adrian Wooldridge, he unfolds a tale involving vast landscapes, titanic figures, triumphant breakthroughs, enlightenment ideals as well as terrible moral failings. Every crucial debate is here--from the role of slavery in the antebellum Southern economy to the real impact of FDR's New Deal to America's violent mood swings in its openness to global trade and its impact. But to read Capitalism in America is above all to be stirred deeply by the extraordinary productive energies unleashed by millions of ordinary Americans that have driven this country to unprecedented heights of power and prosperity. At heart, the authors argue, America's genius has been its unique tolerance for the effects of creative destruction, the ceaseless churn of the old giving way to the new, driven by new people and new ideas. Often messy and painful, creative destruction has also lifted almost all Americans to standards of living unimaginable to even the wealthiest citizens of the world a few generations past. A sense of justice and human decency demands that those who bear the brunt of the pain of change be protected, but America has always accepted more pain for more gain, and its vaunted rise cannot otherwise be understood, or its challenges faced, without recognizing this legacy. For now, in our time, productivity growth has stalled again, stirring up the populist furies. There's no better moment to apply the lessons of history to the most pressing question we face, that of whether the United States will preserve its preeminence, or see its leadership pass to other, inevitably less democratic powers.

Capitalism and the Historians

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Author :
Publisher : Routledge
ISBN 13 : 1136508430
Total Pages : 216 pages
Book Rating : 4.1/5 (365 download)

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Book Synopsis Capitalism and the Historians by : F. A. Hayek

Download or read book Capitalism and the Historians written by F. A. Hayek and published by Routledge. This book was released on 2013-11-05 with total page 216 pages. Available in PDF, EPUB and Kindle. Book excerpt: A book that will disturb the sleep of a good many scholars" Max Eastman F. A. Hayek's Introduction lays the groundwork for this study of the rise of the factory system in Great Britain. It also examines why historians have been so critical of capitalism and the factory system. The subsequent essays discuss why intellectuals have usually been antagonistic to capitalism and what effect these historical misconceptions have had on the world's attitude toward business enterprise. * Papers by distinguished British, American and European economic historians including T. S. Ashton, L. M. Hacker and Bertrand de Jouvenel * Actual case studies of the English factory system and the English factory worker support the theoretical material.

Keynes Hayek: The Clash that Defined Modern Economics

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Publisher : W. W. Norton & Company
ISBN 13 : 039308311X
Total Pages : 400 pages
Book Rating : 4.3/5 (93 download)

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Book Synopsis Keynes Hayek: The Clash that Defined Modern Economics by : Nicholas Wapshott

Download or read book Keynes Hayek: The Clash that Defined Modern Economics written by Nicholas Wapshott and published by W. W. Norton & Company. This book was released on 2011-10-11 with total page 400 pages. Available in PDF, EPUB and Kindle. Book excerpt: “I defy anybody—Keynesian, Hayekian, or uncommitted—to read [Wapshott’s] work and not learn something new.”—John Cassidy, The New Yorker As the stock market crash of 1929 plunged the world into turmoil, two men emerged with competing claims on how to restore balance to economies gone awry. John Maynard Keynes, the mercurial Cambridge economist, believed that government had a duty to spend when others would not. He met his opposite in a little-known Austrian economics professor, Freidrich Hayek, who considered attempts to intervene both pointless and potentially dangerous. The battle lines thus drawn, Keynesian economics would dominate for decades and coincide with an era of unprecedented prosperity, but conservative economists and political leaders would eventually embrace and execute Hayek's contrary vision. From their first face-to-face encounter to the heated arguments between their ardent disciples, Nicholas Wapshott here unearths the contemporary relevance of Keynes and Hayek, as present-day arguments over the virtues of the free market and government intervention rage with the same ferocity as they did in the 1930s.

Liberalism's Last Man

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Publisher : University of Chicago Press
ISBN 13 : 0226821471
Total Pages : 303 pages
Book Rating : 4.2/5 (268 download)

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Book Synopsis Liberalism's Last Man by : Vikash Yadav

Download or read book Liberalism's Last Man written by Vikash Yadav and published by University of Chicago Press. This book was released on 2023-08-28 with total page 303 pages. Available in PDF, EPUB and Kindle. Book excerpt: A modern reframing of Friedrich Hayek’s most famous work for the 21st century. Friedrich Hayek’s The Road to Serfdom was both an intellectual milestone and a source of political division, spurring fiery debates around capitalism and its discontents. In the ensuing discord, Hayek’s true message was lost: liberalism is a thing to be protected above all else, and its alternatives are perilous. In Liberalism’s Last Man, Vikash Yadav revives the core of Hayek’s famed work to map today’s primary political anxiety: the tenuous state of liberal meritocratic capitalism—particularly in North America, Europe, and Asia—in the face of strengthening political-capitalist powers like China, Vietnam, and Singapore. As open societies struggle to match the economic productivity of authoritarian-capitalist economies, the promises of a meritocracy fade; Yadav channels Hayek to articulate how liberalism’s moral backbone is its greatest defense against repressive social structures.

The Fatal Conceit

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Publisher : Routledge
ISBN 13 : 1134962851
Total Pages : 189 pages
Book Rating : 4.1/5 (349 download)

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Book Synopsis The Fatal Conceit by : F.A. Hayek

Download or read book The Fatal Conceit written by F.A. Hayek and published by Routledge. This book was released on 2013-10-28 with total page 189 pages. Available in PDF, EPUB and Kindle. Book excerpt: First published in 1990. Routledge is an imprint of Taylor & Francis, an informa company.

How Capitalism Saved America

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Publisher : Random House Digital, Inc.
ISBN 13 :
Total Pages : 312 pages
Book Rating : 4.F/5 ( download)

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Book Synopsis How Capitalism Saved America by : Thomas J. DiLorenzo

Download or read book How Capitalism Saved America written by Thomas J. DiLorenzo and published by Random House Digital, Inc.. This book was released on 2004 with total page 312 pages. Available in PDF, EPUB and Kindle. Book excerpt: Whether it's Michael Moore or the New York Times, Hollywood or academia, a growing segment in America is waging a war on capitalism. We hear that greedy plutocrats exploit the American public; that capitalism harms consumers, the working class, and the environment; that the government needs to rein in capitalism; and on and on. Anticapitalist critiques have only grown more fevered in the wake of corporate scandals like Enron and WorldCom. Indeed, the 2004 presidential campaign has brought frequent calls to re-regulate the American economy. But the anticapitalist arguments are pure bunk, as Thomas J. DiLorenzo reveals in How Capitalism Saved America. DiLorenzo, a professor of economics, shows how capitalism has made America the most prosperous nation on earth--and how the sort of government regulation that politicians and pundits endorse has hindered economic growth, caused higher unemployment, raised prices, and created many other problems. He propels the reader along with a fresh and compelling look at critical events in American history--covering everything from the Pilgrims to Bill Gates. And just as he did in his last book, The Real Lincoln, DiLorenzo explodes numerous myths that have become conventional wisdom. How Capitalism Saved America reveals: - How the introduction of a capitalist system saved the Pilgrims from starvation - How the American Revolution was in large part a revolt against Britain's stifling economic controls - How the so-called robber barons actually improved the lives of millions of Americans by providing newer and better products at lower prices - How the New Deal made the Great Depression worse - How deregulation got this country outof the energy crisis of the 1970s--and was not the cause of recent blackouts in California and the Northeast - And much more How Capitalism Saved America is popular history at its explosive best.

Capitalism and Its Economics

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Publisher : Pluto Press
ISBN 13 : 9780745322803
Total Pages : 344 pages
Book Rating : 4.3/5 (228 download)

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Book Synopsis Capitalism and Its Economics by : Douglas Dowd

Download or read book Capitalism and Its Economics written by Douglas Dowd and published by Pluto Press. This book was released on 2004-07-20 with total page 344 pages. Available in PDF, EPUB and Kindle. Book excerpt: This classic book is an ideal introduction to economic thought and the dominance of capitalism, ideal for students of economic theory and history. Now thoroughly revised and updated, this new edition includes a new preface and an additional chapter by the author. Analysing the relationship between economic thought and capitalism from 1750 to the present, Douglas Dowd examines the dynamic interaction of two processes: the historical realities of capitalism and the evolution of economic theory. He demonstrates that the study of economics celebrates capitalism in ways that make it necessary to classify economic science as pure ideology. A thoroughly modern history, this book shows how economics has become ideology. A radical critic of capitalism, Dowd surveys its detrimental impact across the globe and throughout history. The book includes biographical sketches and brief analyses of the major proponents and critics of capitalism throughout history, including Adam Smith, Thomas Malthus, Jeremy Bentham, John Stuart Mill, Karl Marx, Thorstein Veblen, Rosa Luxemburg, John Maynard Keynes, Paul Samuelson, Milton Friedman, and Eric Hobsbawm.

The Great Persuasion

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Publisher : Harvard University Press
ISBN 13 : 0674067436
Total Pages : 314 pages
Book Rating : 4.6/5 (74 download)

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Book Synopsis The Great Persuasion by : Angus Burgin

Download or read book The Great Persuasion written by Angus Burgin and published by Harvard University Press. This book was released on 2012-10-30 with total page 314 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.