Monetary Theory and the Trade Cycle

Geldtheorie und Konjunkturtheorie. (Beitrage zur Konjunkturforschung, heraus-gegeben vom Österreichisches Institut für Konjunkturforschung, No. 1). Vienna and Leipzig: Hölder-Pichler-Tempsky, 1929/2, xii, 147 pp. (England 1933, Japan 1935, Spain 1936.) Translated into English  by Lionel Robbins as Monetary Theory and the Trade Cycle. London: Jonathan Cape, 1933, 244 pp. American edition, New York: Harcourt Brace & Co., 1933. Reprinted New York: Augustus M. Kelley, 1966.

The German essay, of which the following is a translation, represents an expanded version of a paper prepared for the meeting of the Verein für Sozialpolitik, held in Zurich in September 1928, and of some remarks contributed to the discussion at that meeting. Although, in revising the… More

Prices and Production

Studies in Economics and Political Science, edited by the director of the London School of Economics and Political Sciences. No. 107 in the series of Monographs by writers connected with the London School of Economics and Political Science.) London: Routledge & Sons, 1931/2, xv, 112 pp. 2nd revised and enlarged edition, London: Routledge & Kegan Paul, 1935/9, also 1967 edition, xiv, 162 pp. American edition, New York: Macmillan, 1932.

These seven works taken together represent the first integration and systematic elaboration of the Austrian theories of money, capital, business cycles, and comparative monetary institutions, which constitute the essential core of Austrian macroeconomics. These works have profoundly… More

Monetary Nationalism and International Stability

Geneva, 1937; London: Longmans, Green (The Graduate Institute of International Studies, Geneva, Publication Number 18), 1937, xiv, 94 pp. Reprinted New York: Augustus M. Kelley, 1964, 1971, 1974.

From Preface: “The five lectures which are here reproduced are necessarily confined to certain aspects of the wide subject indicated by the title. They are printed essentially as they were delivered and, as is explained in the first lecture, limitation of time made it necessary to… More

Profits, Investment, and Other Essays

London: Routledge & Kegan Paul, 1939/3, viii, 266 pp., also 1969 edition. Reprinted New York: Augustus M. Kelley, 1969, 1970; Clifton, New Jersey: Augustus M. Kelley, 1975.

From Preface: “The essays collected in this volume are a selection from the various attempts made in the course of the past ten years to improve and develop the outline of a theory of industrial fluctuations contained in two small books on Monetary Theory and the Trade Cycle and… More

The Pure Theory of Capital

London: Routledge & Kegan Paul, 1941/2 (also 1950 edition); Chicago: University of Chicago Press, 1941 (also 1950, 1952 and 1975 editions); xxxi, 454 pp. (Spain 1946, Japan 1951 and 1952).

The Pure Theory of Capital, F. A. Hayek’s long-overlooked, little-understood volume, was his most detailed work in economic theory. Originally published in 1941 when fashionable economic thought had shifted to John Maynard Keynes, Hayek’s manifesto of capital theory is now available… More

The Road to Serfdom

London: George Routledge & Sons, 1944/1945/20 (also 1969 edition); Chicago: University of Chicago Press, 1944/1945/20 (also 1969 edition), 250 pp.

An unimpeachable classic work in political philosophy, intellectual and cultural history, and economics, The Road to Serfdom has inspired and infuriated politicians, scholars, and general readers for half a century. Originally published in 1944—when Eleanor Roosevelt supported the… More

Individualism and Economic Order

London: George Routledge & Sons, 1948/5, also 1960, 1976; Chicago: University of Chicago Press, 1948/5, also 1969, 1976, vii, 272 pp.

Excerpt: “Although the essays collected in this volume may at first appear to be concerned with a great variety of topics, I hope that the reader will soon discover that most of them treat of closely connected problem. While they range from discussions of moral philosophy to the… More

John Stuart Mill and Harriet Taylor: Their Friendship and Subsequent Marriage

London: Routledge & Kegan Paul, 1951/1969; Chicago: University of Chicago Press, 1951/1969, 320 pp.

Excerpt: “The literary portrait which in the Autobiography John Stuart Mill has drawn for us of the woman who ultimately became his wife creates a strong wish to know more about her. If Harriet Taylor, to give her the name which she bore during the greater part of her life, was… More

The Counter-Revolution of Science: Studies on the Abuse of Reason

Glencoe, Illinois: The Free Press, 1952, 255 pp; new edition New York, 1964; 2nd edition with 1959 Preface to German edition, Indianapolis, Indiana: Liberty Press, 1979, also available in Liberty Press paperback.

Early in the last century the successes of science led a group of French thinkers to apply the principles of science to the study of society. These thinkers purported to have discovered the supposed ‘laws’ of society and concluded that an elite of social scientists should… More

The Sensory Order: An Inquiry into the Foundations of Theoretical Psychology

London: Routledge & Kegan Paul, 1952; Chicago: University of Chicago Press, 1952, xxii, 209 pp; new edition 1963/1976. Reprinted Chicago: University of Chicago Press, Phonenix Book paperback, 1963 (out of print). University of Chicago Press has reissued the paperback in a Midway Reprint, 1976, with the Heinrich Klüver Introduction.

A great deal of explanation would be necessary were I to justify why an economist ventures to rush in where psychologists fear to tread. But this excursion into psychology has little connexion with whatever competence I may possess in another field. It is the outcome of an idea which… More

The Political Ideal of the Rule of Law

Cairo: National Bank of Egypt, Fiftieth Anniversary Commemorative Lectures, 1955, 76 pp. Publication of four lectures Hayek delivered at the invitation of the National Bank of Egypt.

The Constitution of Liberty

London: Routledge and Kegan Paul, 1960; Chicago: University of Chicago Press, 1960/1963/5 (also 1969 edition); Toronto: The University of Toronto Press, 1960, x, 570 pp. Also available in paperback: Chicago: Henry Regnery Co. Gateway Edition, 1972.

From Introduction: “If old truths are to retain their hold on men’s minds, they must be restated in the language and concepts of successive generations. What at one time are their most effective expressions gradually become so worn with use that they cease to carry a definite… More

Studies in Philosophy, Politics, and Economics

London: Routledge & Kegan Paul, 1967/1969; Chicago: University of Chicago Press, 1967/1969; Toronto: University of Toronto Press, 1967/1969; x, 356 pp. Reprinted in paperback New York: Simon and Schuster Clarion Book, 1969.

The reason for the collection of essays presented here by Hayek is succinctly presented in the author’s preface: “This volume contains a selection from the work of the last twenty years or so of an economist who discovered that if he was to draw from his technical knowledge… More

Freiburg Studies: Collected Essays

Tübingen: Walter Eucken Institut (Wirtschaftswissenschaftliche und wirtschaftsrechliche Untersuchungen 5) J.C.B. Mohr/P. Siebeck, 1969, 284 pp.

Law, Legislation, and Liberty

(3 volumes) London: Routledge & Kegan Paul; Chicago: University of Chicago Press, 1973, xi, 184 pp. A trilogy published in the following sequence:

  • Vol. I, Rules and Order, 1973
  • Vol. II, The Mirage of Social Justice, 1976
  • Vol. III, The Political Order of a Free People, 1979

Law, Legislation and Liberty is the 1973 magnum opus in three volumes by Nobel laureate economist and political philosopher Friedrich Hayek. In it, Hayek further develops the philosophical principles he discussed earlier in The Road to Serfdom, The Constitution of Liberty, and other… More

New Studies in Philosophy, Politics, Economics and the History of Ideas

London: Routledge & Kegan Paul, 1978; Chicago: University of Chicago Press, 1978.

Excerpt: “On the whole the present volume deals again equally with problems of philosophy, politics and economics, though it proved to be a little more difficult to decide to which category some of the essays belonged. Some readers may feel that some of the essays in the part on… More

The Fatal Conceit: The Errors of Socialism

William Warren Bartley, ed. The University of Chicago Press. 1991.

Editorial Foreword Preface Introduction: Was Socialism a Mistake? 1. Between Instinct and Reason 2. The Origins of Liberty, Property and Justice 3. The Evolution of the Market: Trade and Civilisation 4. The Revolt of Instinct and Reason 5. The Fatal Conceit 6. The Mysterious World of… More