Suchergebnisse

F. A. Hayek made many valuable contributions to the field of economics as well as to the disciplines of philosophy and politics. This volume represents the second of Hayek's comprehensive three-part study of the relations between law and liberty. Here, Hayek expounds his conviction that he continued unexamined pursuit of ""social justice"" will contribute to the erosion of personal liberties and encourage the advent of totalitarianism

The power of governments to debauch currencies for political ends has long been condemned by market economists. Monetarists have argued that the government should restrain its production of money; Professor Hayek contended in 1976 that monetary continence would succumb to political pressures and argued for national currencies to be replaced by competing private monies. Here he refines this thinking and suggests that a private 'store of value'—the standard—would be more likely to overcome the political obstruction to the wholesale denationalisation of currencies, but would be immune from use as a political tool by the state.

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 an

Are the communist economies strong or weak? Russia bristles with arms and uses strong language. But is the socialist economy flawed at the center? Professor Hayek here argues, against the Polish economist Oskar Lange (Polish Ambassador to the USA, 1945–6, subsequently Chairman of Poland's State Economic Council), that without markets the efficient use of scarce resorces is not feasible. Is this why the Polish economy is now in turmoil?