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Hayekian Systems
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Book Synopsis Hayekian Systems by : William N. Butos
Download or read book Hayekian Systems written by William N. Butos and published by Taylor & Francis. This book was released on 2023-03-02 with total page 234 pages. Available in PDF, EPUB and Kindle. Book excerpt: The central theme in the work of F.A. Hayek was the problem of order in society, and his focus was epistemological: he was concerned with the constraints on knowledge, the problems associated with its distribution, the structures in which it inheres, and the implications of these issues for the understanding of social phenomena generally. But while his work has greatly improved our understanding of market processes, application to more complex social arrangements was not an unambiguous success. In seeking to progress beyond Hayek’s difficulties in formulating a more general theory of spontaneous order, this book fleshes out an analogy between social orders and the biological order detailed in Hayek’s The Sensory Order into a theory of adaptive systems. It focuses first on those aspects of the systems which enable them to learn about their environments, and then on the entrepreneurial processes which implement their anticipatory capabilities. The inclusion of anticipatory elements, inspired by the work of Robert Rosen, results in a theory of social orders which integrates many of the disparate findings of Austrian economists into a self-consistent conceptual framework and has applicability to other social arrangements such as firms and governments. Of particular interest is the interaction between the systems of science and government, an issue of significant current concern which is comprehensively explored here both theoretically and empirically. This book is essential reading for anyone interested in Hayek, Austrian economics, social theory, and the history of economic thought more broadly.
Book Synopsis Individualism and Economic Order by : F. A. Hayek
Download or read book Individualism and Economic Order written by F. A. Hayek and published by University of Chicago Press. This book was released on 2012-12-01 with total page 281 pages. Available in PDF, EPUB and Kindle. Book excerpt: “These essays . . . bring great learning and . . . intelligence to bear upon economic and social issues of central importance to our era.” —Henry Hazlitt, Newsweek In this collection of writings, Nobel laureate Friedrich A. Hayek discusses topics from moral philosophy and the methods of the social sciences to economic theory as different aspects of the same central issue: free markets versus socialist planned economies. First published in the 1930s and 40s, these essays continue to illuminate the problems faced by developing and formerly socialist countries. F. A. Hayek, recipient of the Medal of Freedom in 1991 and winner of the Nobel Memorial Prize in Economics in 1974, taught at the University of Chicago, the University of London, and the University of Freiburg. Among his other works published by the University of Chicago Press is The Road to Serfdom, now available in a special fiftieth anniversary edition. “There is much interesting and valuable material in this meaty . . . book which must ultimately help the world make up its mind on a vital issue: to plan or not to plan?” —S. E. Harris, The New York Times “Those who disagree with him cannot afford to ignore him . . . This is especially true of a book like the present one.” —George Soule, Nation
Book Synopsis Free Market Monetary System, A by : Friedrich August Hayek
Download or read book Free Market Monetary System, A written by Friedrich August Hayek and published by Ludwig von Mises Institute. This book was released on 2008 with total page 58 pages. Available in PDF, EPUB and Kindle. Book excerpt:
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.
Book Synopsis New Studies in Philosophy, Politics, Economics and the History of Ideas by : F. A. Hayek
Download or read book New Studies in Philosophy, Politics, Economics and the History of Ideas written by F. A. Hayek and published by University of Chicago Press. This book was released on 2018-12-22 with total page 323 pages. Available in PDF, EPUB and Kindle. Book excerpt: From a Nobel Laureate economist, a collection of essays outlining ideas on political theory, economic freedom and epistemology. Following on F. A. Hayek’s previous work Studies in Philosophy, Politics, and Economics (1967), New Studies in Philosophy, Politics, Economics and the History of Ideas collects some of Hayek’s most notable essays and lectures dealing with problems of philosophy, politics and economics, with many of the essays falling into more than one of these categories. Expanding upon the previous volume the present work also includes a fourth part collecting a series of Hayek’s writings under the heading “History of Ideas.” Of the articles contained in this volume the lectures on “The Errors of Constructivism”and “Competition as a Discovery Procedure” have been published before only in German, while the article on “Liberalism” was written in English to be published in an Italian translation in the Enciclopedia del Novicento by the Istituto della Enciclopedia Italiana at Rome.
Book Synopsis The Road to Serfdom by : Friedrich A. Hayek
Download or read book The Road to Serfdom written by Friedrich A. Hayek and published by . This book was released on 2023 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: In The Road to Serfdom F. A. Hayek set out the danger posed to freedom by attempts to apply the principles of wartime economic and social planning to the problems of peacetime. Hayek argued that the rise of Nazism was not due to any character failure on the part of the German people, but was a consequence of the socialist ideas that had gained common currency in Germany in the decades preceding the outbreak of war. Such ideas, Hayek argued, were now becoming similarly accepted in Britain and the USA.On its publication in 1944, The Road to Serfdom caused a sensation. Its publishers could not keep up with demand, owing to wartime paper rationing. Then, in April 1945, Reader's Digest published a condensed version of the book and Hayek's work found a mass audience. This condensed edition was republished for the first time by the IEA in 1999. Since then it has been frequently reprinted and the electronic version has been downloaded over 100,000 times. There is an enduring demand for Hayek's relevant and accessible message.The Road to Serfdom is republished in this impression with The Intellectuals and Socialism originally published in 1949, in which Hayek explained the appeal of socialist ideas to intellectuals - the 'second-hand dealers in ideas'. Intellectuals, Hayek argued, are attracted to socialism because it involves the rational application of the intellect to the organisation of society, while its utopianism captures their imagination and satisfies their desire to make the world submit to their own design.
Book Synopsis Hayek's Challenge by : Bruce Caldwell
Download or read book Hayek's Challenge written by Bruce Caldwell and published by University of Chicago Press. This book was released on 2008-12-05 with total page 504 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Book Synopsis Hayek's Tensions: Reexamining the Political Economy and Philosophy of F. A. Hayek by : Stefanie Haeffele
Download or read book Hayek's Tensions: Reexamining the Political Economy and Philosophy of F. A. Hayek written by Stefanie Haeffele and published by Tensions in Political Economy. This book was released on 2020-10-05 with total page 212 pages. Available in PDF, EPUB and Kindle. Book excerpt: F. A. Hayek, a prominent 20th-century political economist in the Austrian tradition, won the Nobel Prize in Economics in 1974 for his pioneering work on the theory of money and economic fluctuations and on comparative institutional analysis. Hayek's research highlights the importance and dispersed nature of knowledge, advancing an interdisciplinary approach to understanding human behavior. Like any great and productive scholar, he left behind a body of work that includes tensions, flaws, and inconsistencies that must be confronted by scholars looking to engage, critique, and advance his distinctive project in political economy. Hayek's work is important but also open for contestation and improvement. Hayek's Tensions: Reexamining the Political Economy and Philosophy of F. A. Hayek presents a critical assessment of Hayek's research and ideas and identifies sources of tension within his writing. The contributions to this edited volume include original chapters by eminent scholars of complexity theory, of Austrian economics, and of Hayek himself. The book's key takeaway is that the research program Hayek developed continues as an open-ended project, both as a social-scientific approach and as a classical liberal vision of a free society, rather than as a static dogma or set of theories from a bygone era. Taken as a whole, this volume identifies important questions and areas for future research by the next generation of political economists.
Book Synopsis The Market and Other Orders by : F. A. Hayek
Download or read book The Market and Other Orders written by F. A. Hayek and published by University of Chicago Press. This book was released on 2014-01-08 with total page 469 pages. Available in PDF, EPUB and Kindle. Book excerpt: In addition to his groundbreaking contributions to pure economic theory, F. A. Hayek also closely examined the ways in which the knowledge of many individual market participants could culminate in an overall order of economic activity. His attempts to come to terms with the “knowledge problem” thread through his career and comprise the writings collected in the fifteenth volume of the University of Chicago Press’s Collected Works of F. A. Hayek series. The Market and Other Orders brings together more than twenty works spanning almost forty years that consider this question. Consisting of speeches, essays, and lectures, including Hayek’s 1974 Nobel lecture, “The Pretense of Knowledge,” the works in this volume draw on a broad range of perspectives, including the philosophy of science, the physiology of the brain, legal theory, and political philosophy. Taking readers from Hayek’s early development of the idea of spontaneous order in economics through his integration of this insight into political theory and other disciplines, the book culminates with Hayek’s integration of his work on these topics into an overarching social theory that accounts for spontaneous order in the variety of complex systems that Hayek studied throughout his career. Edited by renowned Hayek scholar Bruce Caldwell, who also contributes a masterly introduction that provides biographical and historical context, The Market and Other Orders forms the definitive compilation of Hayek’s work on spontaneous order.
Book Synopsis Freedom and the Economic System by : Friedrich A. Von Hayek
Download or read book Freedom and the Economic System written by Friedrich A. Von Hayek and published by Martino Fine Books. This book was released on 2012-05-01 with total page 46 pages. Available in PDF, EPUB and Kindle. Book excerpt: 2012 Reprint of 1939 Edition. Exact facsimile of the original edition, not reproduced with Optical Recognition Software. This pamphlet is a manifesto, at once concise, cogent and eloquent, of individualistic liberalism. It is a fundamental challenge to the doctrine of liberal socialism. The kernel of his argument is that collectivist economic planning involves the planning organ of society in making final and authoritative decisions concerning the relative importance of different human needs: it therefore presupposes a very large measure of agreement on the part of the whole people in the matter of social values.
Download or read book The Sensory Order written by F. A. Hayek and published by University of Chicago Press. This book was released on 2012-09-15 with total page 232 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Nobel Prize-winning economist explores how the mind works—an early landmark in the field of cognitive science. The Sensory Order, first published in 1952, sets forth F. A. Hayek's classic theory of mind in which he describes the mental mechanism that classifies perceptions that cannot be accounted for by physical laws. Though Hayek is more commonly known as an icon in the field of economics, his genius was wide-ranging—and his contribution to theoretical psychology is of continuing significance to cognitive scientists as well as to economists interested in the interplay between psychology and market systems, and has been addressed in the work of Thomas Szasz, Gerald Edelman, and Joaquin Fuster. “A most encouraging example of a sustained attempt to bring together information, inference, and hypothesis in the several fields of biology, psychology, and philosophy.”—Quarterly Review of Biology
Book Synopsis The Constitution of Liberty by : F.A. Hayek
Download or read book The Constitution of Liberty written by F.A. Hayek and published by Routledge. This book was released on 2020-06-29 with total page 588 pages. Available in PDF, EPUB and Kindle. Book excerpt: Originally published in 1960, The Constitution of Liberty delineates and defends the principles of a free society and traces the origin, rise, and decline of the rule of law. Casting a skeptical eye on the growth of the welfare state, Hayek examines the challenges to freedom posed by an ever expanding government as well as its corrosive effect on the creation, preservation, and utilization of knowledge. In distinction to those who confidently call for the state to play a greater role in society, Hayek puts forward a nuanced argument for prudence. Guided by this quality, he elegantly demonstrates that a free market system in a democratic polity—under the rule of law and with strong constitutional protections of individual rights—represents the best chance for the continuing existence of liberty. Striking a balance between skepticism and hope, Hayek’s profound insights remain strikingly vital half a century on. This definitive edition of The Constitution of Liberty will give a new generation the opportunity to learn from Hayek’s enduring wisdom.
Download or read book Hayek's Journey written by A. Ebenstein and published by Springer. This book was released on 2016-04-06 with total page 294 pages. Available in PDF, EPUB and Kindle. Book excerpt: While Alan Ebenstein's biography of Friedrich Hayek was the first biography of this major twentieth century thinker, the book itself was not - per se - an intellectual biography. Hayek's Journey will be the follow-up volume that will give readers an in-depth look at the evolution of his thought, the influence of the Austrian School of Economics, the roles of Wittgenstein, Freud and Kant in his thinking; his relationship with Karl Popper, etc. This will become a classic of Hayek scholarship by the author credited with writing the first biography of a man who is now widely-regarded as a seer in relationship to the course of the twentieth century.
Book Synopsis Hayek and Natural Law by : Erik Angner
Download or read book Hayek and Natural Law written by Erik Angner and published by Routledge. This book was released on 2007-04-05 with total page 284 pages. Available in PDF, EPUB and Kindle. Book excerpt: Providing a radical new reading of Hayek's life and work, this new book, by an important Hayekian scholar, dispels many of the mysteries surrounding one of the most prominent economists and political philosophers of the twentieth century.Angner argues that Hayek's work should be seen as continuous with the Natural Law tradition, going on to an
Book Synopsis Hayek’s Market Republicanism by : Sean Irving
Download or read book Hayek’s Market Republicanism written by Sean Irving and published by Routledge. This book was released on 2019-11-27 with total page 254 pages. Available in PDF, EPUB and Kindle. Book excerpt: Friedrich Hayek was the 20th century’s most significant free market theorist. Over the course of his long career he developed an analysis of the danger that state power can pose to individual liberty. In rejecting much of the liberal tradition’s concern for social justice and democratic participation, Hayek would help clear away many intellectual obstacles to the emergence of neoliberalism in the last quarter of the 20th century. At the core of this book is a new interpretation of Hayek, one that regards him as an exponent of a neo-Roman conception of liberty and interprets his work as a form of ‘market republicanism’. It examines the contemporary context in which Hayek wrote, and places his writing in the long republican intellectual tradition. Hayek’s Market Republicanism will be of interest to advanced students and researchers across the history of economic thought, the history of political thought, political economy and political philosophy.
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.
Book Synopsis The Cambridge Companion to Hayek by : Edward Feser
Download or read book The Cambridge Companion to Hayek written by Edward Feser and published by Cambridge University Press. This book was released on 2006-11-30 with total page 21 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
