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The Fortunes of Liberalism : Essays on Austrian Economics and the Ideal of Freedom (The Collected Works of F. A. Hayek)
The Fortunes of Liberalism Essays on Austrian Economics and the Ideal of Freedom - The Collected Works of F. A. Hayek
Author: F. A. Hayek
The Reagan and Thatcher "revolutions." The collapse of — Eastern Europe dramatically captured in the tearing down of — the Berlin Wall. F. A. Hayek, "grand old man of capitalism" — and founder of the classical liberal, free-market revival — which ignited and inspired these world events, forcefully — predicted their occurrence in writings such as T...  more »

Serfdom, first published in 1944.

Hayek's well-known social and political philosophy--in

particular his long-held pessimistic view of the prospects of

socialism, irrefutably vindicated by the recent collapse of

the Eastern bloc--is fully grounded in the Austrian approach

to economics. In this new collection, Hayek traces his

intellectual roots to the Austrian school, the century-old

tradition founded at the University of Vienna by Carl Menger,

and links it to the modern rebirth of classical liberal or

libertarian thought.

As Hayek reminds us, the cornerstone of modern

economics--the theory of value and price--"represents a

consistent continuation of the fundamental principles handed

down by the Vienna school." Here, in this first modern

collection of essays on the Austrian school by one of its

preeminent figures, is the genesis of this tradition and its

place in intellectual history.

Reflections on Hayek's days as a young economic theorist

in Vienna, his opening address to the inaugural meeting of

the Mont Pèlerin Society, and essays on former teachers

and other leading figures in the Austrian school are included

in volume 4. Two hitherto unavailable memoirs, "The

Economics of the 1920s as Seen from Vienna," published here

for the first time, and "The Rediscovery of Freedom: Personal

Recollections," available for the first time in English,

make this collection invaluable for Hayek scholars.

Hayek's writings continue to provide an invaluable

education in a subject which is nothing less than the

development of the modern world.

F. A. Hayek, awarded the Nobel Memorial Prize in Economics in

1974, was a pioneer in monetary theory and the principal

proponent of the libertarian philosophy. Hayek was the author

of numerous books and was professor emeritus at the University

of Freiburg and the University of Chicago.
ISBN-13: 9780226320649
ISBN-10: 0226320642
Publication Date: 2/15/1992
Pages: 287
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Publisher: University Of Chicago Press
Book Type: Hardcover
Members Wishing: 3
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