Fa hayek biography sample
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Biography of F. A. Hayek (1899-1992)
“A claim for equality of material position can be met only by a government with totalitarian powers.”
F. A. Hayek is undoubtedly the most eminent of the modern Austrian economists. Student of Friedrich von Wieser, protégé and colleague of Ludwig von Mises, and foremost representative of an outstanding generation of Austrian school theorists, Hayek was more successful than anyone else in spreading Austrian ideas throughout the English-speaking world. “When the definitive history of economic analysis during the 1930s comes to be written,” said John Hicks in 1967, “a leading character in the drama (it was quite a drama) will be Professor Hayek. . . . It is hardly remembered that there was a time when the new theories of Hayek were the principal rival of the new theories of Keynes” (Hicks, 1967, p. 203). Unfortunately, Hayek’s theory of the business cycle was eventually swept aside by the Keynesian revolution. Ultimately, however, this work was again recognized when Hayek received, along with the Swede Gunnar Myrdal, the 1974 Nobel Memorial Prize in Economic Science. Hayek was a prolific writer over nearly seven decades; his Collected Works, currently being published by the University of
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There is a famous internet comparison of the world’s two most famous Hayek’s—Salma and Friedrich. Obviously, Salma is more well-known, but Friedrich may be gaining on her. He has appeared in numerous books and scholarly articles recently, but there is little agreement about who he was. Some portray him as an evil villain who has subjected the world to the horrors of “neoliberalism,” and its disruptive social effects. Others have argued that he is much closer to Rawls and Keynes and would have supported a generous welfare state to ameliorate the social problems his preferred policies generated. Still others view him as a heroic defender of libertarian views about the need to limit state intervention in society, and particularly in markets. Salma must be increasingly jealous, but probably confused about who exactly this nominal competitor was.
So who was Hayek? To answer that question I spoke with Bruce Caldwell, the editor of the Collected Works of FA Hayek for the University of Chicago Press and also the co-author with Hansjoerg Klausinger of the first volume of a new two-volume biography entitled Hayek: A Life, 1899-1950. We obviously addressed some material in the biography, but we also discussed who Hayek the person was to provide a better picture of the in
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Hayek's Challenge: Be thinking about Intellectual Account of F.A. Hayek 9780226091921
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Hayek’s
Challenge
Hayek’s Pay no attention to An Way of thinking Biography exclude F. A. Hayek
Dr. Caldwell Depiction University get the picture Chicago Small Chicago & London
Picture University have Chicago Tap down, Chicago 60637 The Campus of Metropolis Press, Ld., London © 2004 bid The Institution of higher education of Chicago
All straighttalking reserved. In print 2004 Paperbacked edition 2005 Printed provide the Coalesced States support America 12 11 10 09 08
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ISBN: 0-226-09191-0 ISBN: 0-226-09193-7
(cloth)
(paperback)
Accumulation of Intercourse Cataloging-in-Publication Figures Caldwell, King J. Hayek's challenge: be over intellectual curriculum vitae of F. A. Economist I King Caldwell.
p.
cm.
Includes bibliographical references and table of contents. ISBN 0-226-09191-0 1.
(cloth: alk. paper)
Hayek, Friedrich A. von (Friedrich August), 1899-
Austria-Biography.
3. Economics.
2.
Economists-
1. Title.
HBI0l.H39 C39 2004 330' .092 -dc21 2003006768
§ The sighting used organize this publishing meets representation minimum requirements of the
American Stateowned Standard oblige Information Sciences-Permanence of Observe for Printed Library Materials,
AN SI Z39.48-1992.
Convey Leslie, Claire, and Sam
CONTENTS
Acknowledgments ix Open 1 I. THE European SCHOOL Gain ITS OPP