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Great Thinkers in Economics

F. A. Hayek

Economics, Political Economy and Social Philosophy

Authors: Boettke, Peter

    • Published at a time of renewed interest in the Hayek-Keynes debate
    • Highlights the interesting inconsistencies throughout Hayek’s work
    • Analyses Hayek’s role as an economist and moral philosopher
    • Outlines all of the main themes of Hayek's work

Buy this book

eBook $89.00
price for USA (gross)
  • ISBN 978-1-137-41160-0
  • Digitally watermarked, DRM-free
  • Included format: EPUB, PDF
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Hardcover $119.99
price for USA
  • ISBN 978-1-137-41159-4
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
About this book

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.

About the authors

Peter Boettke is University Professor of Economics and Philosophy, Director of the F. A. Hayek Program for Advanced Study in Philosophy, Politics, and Economics, at George Mason University, USA.

Reviews

“Impressive, wide-ranging, highly illuminating.” (@CassSunstein, Twitter, November 27, 2018)


“Boettke has beaten a path through several decades of intensive work by a great thinker to identify the most important and fruitful line of march for scholars and friends of liberal democracy.” (Quadrant, December, 2018)
“In this fine work of intellectual history, Boettke artfully sketches the historical context in which Hayek’s various ideas developed while demonstrating their analytical connection and broad coherence. … Boettke’s book is rich in its contextualization of Hayek’s ideas and its engagement with modern issues in social science and public policy. The application of Hayekian ideas spans from the 2008–2009 financial crisis, to political theories of democracy, to evolutionary psychology.” (Erik W. Matson, The Russell Kirk Center for Cultural Renewal, kirkcenter.org, November, 2018)

Table of contents (11 chapters)

  • Clarifying Some Misconceptions About Hayek

    Boettke, Peter J.

    Pages 1-14

  • Hayek: An Overview of His Life and Work

    Boettke, Peter J.

    Pages 15-36

  • The Anatomy of an Economic Crisis: Money, Prices, and Economic Order

    Boettke, Peter J.

    Pages 37-76

  • Hayek on Market Theory and the Price System

    Boettke, Peter J.

    Pages 77-118

  • Hayek and Market Socialism

    Boettke, Peter J.

    Pages 119-139

Buy this book

eBook $89.00
price for USA (gross)
  • ISBN 978-1-137-41160-0
  • Digitally watermarked, DRM-free
  • Included format: EPUB, PDF
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Hardcover $119.99
price for USA
  • ISBN 978-1-137-41159-4
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
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Bibliographic Information

Bibliographic Information
Book Title
F. A. Hayek
Book Subtitle
Economics, Political Economy and Social Philosophy
Authors
Series Title
Great Thinkers in Economics
Copyright
2018
Publisher
Palgrave Macmillan UK
Copyright Holder
The Editor(s) (if applicable) and The Author(s)
eBook ISBN
978-1-137-41160-0
DOI
10.1057/978-1-137-41160-0
Hardcover ISBN
978-1-137-41159-4
Edition Number
1
Number of Pages
XXVII, 323
Number of Illustrations
12 b/w illustrations
Topics