Tag: The Market Process

Books

The Laws of Human Relationships and of the Rules to be Derived Therefrom for Human Action

– Hermann Heinrich Gossen. Entwicklung der Gesetze des menschlichen Verkehrs und der daraus fliessenden Regeln für menschliches Handeln. Introduced by Friedrich A. Hayek. 3rd edition. Berlin: Prager, 1927, xxiii, 278 pp.
“The Laws of Human Relationships and of the Rules to be Derived Therefrom for Human Action.” Cf.: A-15. Gossen’s (1810–1858) fame rests on this one book, first published in… More

Collectivist Economic Planning: Critical Studies on the Possibilities of Socialism

Collectivist Economic Planning: Critical Studies on the Possibilities of Socialism. Edited with an Introduction and a Concluding Essay by F. A. Hayek. Contributions by N. G. Pierson, Ludwig von Mises, Georg Halm, and Enrico Barone. London: George Routledge & Sons, 1935.
Excerpt: “There is reason to believe that we are at last entering an era of reasoned discussion of what has long uncritically been assumed to be a reconstruction of society on… More

Economic Planning in Soviet Russia

– Boris Brutzkus. Economic Planning in Soviet Russia. Edited and prefaced by Friedrich A. Hayek. London: George Routledge & Sons, 1935; xvii, 234 pp.
From a review: These two volumes, together with a translation (yet to appear) of Mises’ Die Gemeinwirtschaft, constitute a formidable counterattack by laissez-faire on all forms of… More

Economics and Knowledge

– “Economics and Knowledge.” Economica N.S. 4 (February 1937): 33–54.
Excerpt: “The ambiguity of the title of this paper is not accidental. Its main subject is of course the role which assumptions and propositions about the knowledge possessed by the… More

Investment that Raises the Demand for Capital

– “Investment that Raises the Demand for Capital.” Review of Economic Statistics 19 (November 1937).
Excerpt: “The purpose of this article is to state a proposition which underlies the modern “monetary over-investment theories” of the trade cycle in a form in which, as… More

Price Expectations, Monetary Disturbances and Malinvestments

– “Price Expectations, Monetary Disturbances and Malinvestments," Profits, Interest and Investment: and Other Essays on The Theory on Industrial Fluctuations. London: Routledge & Kegan Paul, 1939.
Excerpt: “The most characteristic feature of the work of our generation of economists is probably the general endeavor to apply the methods and results of the pure theory of… More

Socialist Calculation: The Competitive ‘Solution’

– “Socialist Calculation: The Competitive ‘Solution’.” Economica N.S. 7 (May 1940): 125–149.
Excerpt: “Two chapters in the discussion of the economics of socialism may now be regarded as closed. The first deals with the belief that socialism will dispense entirely with… More

Maintaining Capital Intact: A Reply to Professor Pigou

– “Maintaining Capital Intact: A Reply [to Professor Pigou.]” Economica N.S. 8 (1941): 276–280.
Excerpt: “Professor Pigou’s defense of the conception of “maintaining capital intact” consists essentially of two parts. The first is a restatement of his own attempt to… More

The Use of Knowledge in Society

– “The Use of Knowledge in Society.” American Economic Review 35 (September 1945): 519–530.
Excerpt: “What is the problem we wish to solve when we try to construct a rational economic order? On certain familiar assumptions the answer is simple enough  if we possess all the… More

Time-Preference and Productivity: A Reconsideration

– “Time-Preference and Productivity: A Reconsideration.” Economica, N.S. no. 4, 12 (February 1945): 22–25.
Excerpt: “The question I wish here to reconsider is in the 1st instance the purely theoretical one of the relative importance, in determining the marginal productivity of investment,… More

Fuld Beskaeftigelse

– “Fuld Beskaeftigelse.” Nationalökonomisk Tidsskrift 84 (1946): 1–31.

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… More

Full Employment

– “Le plein emploi.” Economie Appliquée 1, no. 2–3, (Paris, 1948): 197–210.

Economics

– “Economics.” Chambers’ Encyclopaedia 4 (Oxford 1950).

Full Employment, Planning and Inflation

– “Full Employment, Planning and Inflation.” Institute of Public Affairs Review 4 (6) (Melbourne, Australia 1950).
Excerpt: “In the five years that have elapsed since the war, central planning, “full employment,” and inflationary pressure  have been the three features which have dominated… More

The Ideals of Economic Freedom: A Liberal Inheritance

– “The Ideals of Economic Freedom: A Liberal Inheritance,” in The Owl (London 1951), pp. 7–12.
Excerpt: “At the end of the First World War the spiritual tradition of liberalism was all but dead. True, it was still uppermost in the thoughts of many a leading figure of public and… More

Inflation Resulting from the Downward Inflexibility of Wages

– “Inflation Resulting from the Downward Inflexibility of Wages.” In: Committee for Economic Development (ed.) Problems of United States Economic Development, New York: 1958, Vol. I, pp. 147–152.
Excerpt: “Contrary to what is widely believed, the crucial results of the “Keynesian revolution” is the general acceptance of a factual assumption and, what is more, of an… More

Unions, Inflation and Profits

– “Unions, Inflation and Profits.” In: Philip D. Bradley (ed.) The Public Stake in Union Power. Charlottesville, University of Virginia Press: 1959.
Excerpt: “Tendencies are observable in the field of labor economics which most seriously threaten our future prosperity. The developments which are bringing this about are not of… More

The Economics of Abundance

– “The Economics of Abundance,” in Henry Hazlitt, ed. The Critics of Keynesian Economics. Princeton and London: Van Nostrand Co., 1960, pp. 126–130.
Excerpt: “Now in such a situation, in which abundant unused reserves of all kinds of resources, including all intermediate products, exist, may occasionally prevail in the depths of… More

The ‘Non Sequitur’ of the ‘Dependence Effect’

– “The ‘Non Sequitur’ of the ‘Dependence Effect’.” The Southern Economic Journal 27 (April 1961).
Excerpt: “For well over a hundred years the critics of the free enterprise system have resorted to the argument that if production were only organized rationally, there would be no… More

The Moral Element in Free Enterprise

– “The Moral Element in Free Enterprise.” In: National Association of Manufacturers (eds.) The Spiritual and Moral Significance of Free Enterprise. New York: 1962.
Excerpt: “Economic activity provides the material means for all our ends. At the same time, most of our individual efforts are directed to providing means for the ends of others in… More

The Economy, Science and Politics

– "The Economy, Science and Politics,” Studies in Philosophy, Politics and Economics. London: Routledge & Kegan Paul, 1967/1969,  pp.251-269.
Excerpt: “In spite of the fact that at least the first half of my career as an economist has been fully devoted to pure theory, and because I have since devoted much time to subjects… More

Dr. Bernard Mandeville

– “Dr. Bernard Mandeville.” Proceedings of the British Academy 52 (1966), London 1967.
Excerpt: “It is to be feared that not only would most of Bernard Mandeville’s contemporaries turn in their graves if they could know that he is today presented as a mastermind… More

The Results of Human Action but not of Human Design

– Résultats de l'action des hommes mais non de leurs desseins.” In: Les Fondements Philosophiques des Systèmes Economiques. Textes de Jacques Rueff et essais rédiges en son honneur. (Paris 1967).
Excerpt: “The belief in the superiority of deliberate design and planning over the spontaneous forces of society enters European thought explicitly only through the rationalist… More

Legal Order and Commercial Order

– “Rechtsordnung und Handelnsordnung.” In Eric Streissler (ed.), Zur Einheit der Rechts-und Staatswissenschaften, Vol. 27. Karlsruhe, 1967.

Freiburg Studies: Collected Essays

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

Note on Professor Hayek’s ‘True Theory of Unemployment’

– Johr, W.A. “Note on Professor Hayek's ‘True Theory of Unemployment.’” Kyklos 30, no. 4 (1970): 713–723
Excerpt: “Prof. Hayek is an economist whose prestige, acquired by his writings on problems of economics and social philosophy, stands high. Consequently, every work he publishes… More

Inside The Hayek Equation

– YouTube video, Liberty in Our Time.
Friedrich August von Hayek discusses economics and philosophy with students at Stanford University in the 1970’s.

The Repercussions of Rent Restrictions

– "The Repercussions of Rent Restrictions,” in F. A. Hayek, Milton Friedman, et al. Rent Control: A Popular Paradox. Evidence on The Effects of Rent Control. Vancouver: The Fraser Institute, 1975, pp. 67–83.
Excerpt: “A unique feature of price control in housing compared with that in other goods and services is that wartime housing regulations have been retained and enforced ever since.… More

The Pretense of Knowledge

– “The Pretence of Knowledge.” An Alfred Nobel Memorial Lecture, delivered December 11, 1974 at the Stockholm School of Economics. In Les Prix Nobel en 1974. Stockholm: Nobel Foundation, 1975.
Excerpt: “The particular occasion of this lecture, combined with the chief practical problem which economists have to face today, have made the choice of its topic almost inevitable.… More

Hayek and Keynes: A Retrospective Assessment

– O'Driscoll, Jr. Gerald P. “Hayek and Keynes: A Retrospective Assessment.” Iowa State University Department of Economics Staff Paper No. 20. Ames, Iowa: Xerox 1975. [Paper prepared for the Symposium on Austrian Economics, University of Hartford, June 22–28, 1975.]

Adam Smith’s Message in Today’s Language

– “Adam Smith's Message in Today's Language.” Daily Telegraph, London (March 9, 1976.)
Excerpt: “During the 40-odd years over which I have been lecturing on the history of economics, I have always found the lectures on Adam Smith particularly difficult to give. By the… More

Capitalism and the Historians

– Hartwell, Ronald Max. “Capitalism and the Historians.” In Fritz Machlup, ed. Essays on Hayek. New York: New York University Press, 1976, pp. 73–94.

Rereading von Hayek

– Leduc, G. “En rélisant von Hayek.” Revue d'Economie Politique 86 (1976): 491–494.

Friedrich A. Hayek: Nobel Prizewinner

– Shearmur, Jeremy.  “Friedrich A. Hayek: Nobel Prizewinner.” In Fritz Machlup, ed., Essays on Hayek. New York: New York University Press, 1976, pp. 171–176.

Competition as a Discovery Procedure

– “Competition as a Discovery Procedure.” New Studies in Philosophy, Politics, Economics and the History of Ideas. London: Routledge & Kegan Paul, 1978.
Excerpt: “It is difficult to defend economists against the charge that for some 40 to 50 years they have been discussing competition on assumptions that, if they were true in the real… More

Coping with Ignorance

– “Coping with Ignorance.” Ludwig von Mises Memorial Lecture. Imprimis (Hillsdale College) 7 (July 1978) 6 pp.
Excerpt: “It is to me not only a great honor but also the discharge of an intellectual duty and a real pleasure to be allowed to deliver a Ludwig von Mises memorial lecture. There is… More

Exploitation of Workers by Workers

– “Exploitation of Workers by Workers.” The last of three talks given by Professor F. A. Hayek under the title, “The Market Economy” (Radio 3, BBC). The Listener (August 17, 1978): 202–203.

Time in Economics vs. Economics in Time. The ‘Hayek Problem

– Boland, L.A. “Time in Economics vs. Economics in Time. The ‘Hayek Problem.’” In The Canadian Journal of Economics (Canadian Economic Association) Toronto, 2, no. 2 (1978): 240–262.
Excerpt: “Several notable writers have recently charged that neoclassical economics is ‘timeless.’ But strictly speaking neoclassical economics is not timeless. Indeed,… More

James Buchanan interviews Friedrich A. Hayek

– The Hayek Interviews, Universidad Francisco Marroquín, October 28, 1978.
The dynamic development of laws interacting with legislation and politicians is discussed by Friedrich Hayek in this interview with James Buchanan. Examining the concept of social justice,… More

Armen A. Alchian interviews Friedrich A. Hayek (2 parts)

– The Hayek Interviews, Universidad Francisco Marroquín, November 11, 1978.
In this interview focusing on Hayek’s personal life, the importance of early academic experiences in his life are explored. Once in academia, his popular seminar and some of his… More

Hayek or the Political Economy of Liberty

– Lepage, Henri. “Hayek ou l’économie politique de la liberté.” [“Hayek or the Political Economy of Liberty”]. Part 6 of Demain le libéralism [“Tomorrow Liberalism”]. Paris: Le Livre de Poche (8358L), Collection Pluriel, 1980, pp. 409–453.

Hayek on Socialism

– Steele, David Ramsey. “Hayek on Socialism.” Unpublished paper presented to The Carl Menger Society Conference entitled “Hayek—An Introductory Course,” London, Dec. 6, 1980.

Socialism: An Economic and Sociological Analysis

– Ludwig von Mises. Socialism: An Economic and Sociological Analysis. Translated by Jacques Kahane. 1981 Introduction by F.A. Hayek. Indianapolis: LibertyClassics, 1981
Hayek’s Foreward pays tribute to Mises for the anti-socialist impact that Mises’ Die Gemeinwirtschaft: Untersuchungen über den Sozialismus (Jena: Gustav Fischer, 1922) created on… More

The Political Economy of F.A. Hayek

– Gordon, Scott. “The Political Economy of F.A. Hayek.” Canadian Journal of Economics 14 (1981): 470–487.
Excerpt: “Why should a book on political philosophy be reviewed in an economics journal? If one reads the “Note to contributors” published regularly on the back cover of this… More

Mises, Hayek, Hahn and The Market Process: Comment on Littlechild

– White, Lawrence H. “Mises, Hayek, Hahn and The Market Process: Comment on Littlechild.” In Method, Process, and Austrian Economics: Essays in Honor of Ludwig von Mises. Edited by Israel M. Kirzner. Lexington, Mass. & Toronto: Lexington-Books, D.C. Heath and Company, 1982, pp. 103–110.
Excerpt: Littlechild correctly emphasizes Mises’s recognition that the conditions necessary for general equilibrium cannot be met in the real world. It is not so much that the future… More

Justice and the Market

– MacLeod, A. M. Canadian Journal of Philosophy. Vol. 13, No. 4 (December, 1983), pp. 551-561.

Hayek’s Transformation

– Caldwell, Bruce. History of Political Economy. Vol. 20, no. 4 (Winter 1988): pp. 513-541.

The Legacy of Friedrich von Hayek

– Audio, Liberty Fund: Indianapolis, 1999.
This is a collection of 7 lectures which were given between October 7 and November 13 1999 to celebrate the 100th anniversary of the birth of the Austrian economist Friedrich von Hayek. The… More

The Hayek Century

– Cassidy, John. Hoover Digest. June 2000. Adapted from The Price Prophet. New Yorker. February 7, 2000.
Summary: Economist and Hoover honorary fellow Friedrich Hayek spent seven decades extolling the supremacy of capitalism over socialism. For most of those decades, Hayek was a voice in the… More

Hayek vs. Keynes

– Bruce Caldwell, INET Conference, King’s College, Cambridge University, April 8-11, 2010.
Excerpt: Tonight I will talk briefly about the Keynes-Hayek relationship, then will focus on some of Hayek’s insights that may be of relevance today. In the process I hope to clear up… More

Why Friedrich Hayek Is Making a Comeback

– Roberts, Russ. Wall Street Journal, June 28, 2010.
Excerpt: He was born in the 19th century, wrote his most influential book more than 65 years ago, and he’s not quite as well known or beloved as the sexy Mexican actress who shares his… More

Masters Of Money – Part 2 – Friedrich Hayek

– Episode 2, BBC series, September 2012.
According to conventional wisdom, today’s global financial crisis happened because markets were not regulated enough. But what if the opposite is true? That it was excessive… More

Hayek and the Modern World: Economic Organization and Activity

– Conference, Jepson School of Leadership Studies, University of Richmond, April 12, 2013.
The Jepson School of Leadership Studies brought together invited scholars to explore economist Friedrich A. Hayek’s contributions to political economy in theory and practice and his… More

Friedrich Hayek’s Individualism and Economic Order

– Online Course, Instructor: Tyler Cowen, Marginal Revolution University, December 2013.
In this video series, Professor Tyler Cowen leads you on an essay-by-essay discussion of Friedrich Hayek’s essential economics text, Individualism and Economic Order. Why is the use… More

Essays

The Laws of Human Relationships and of the Rules to be Derived Therefrom for Human Action

– Hermann Heinrich Gossen. Entwicklung der Gesetze des menschlichen Verkehrs und der daraus fliessenden Regeln für menschliches Handeln. Introduced by Friedrich A. Hayek. 3rd edition. Berlin: Prager, 1927, xxiii, 278 pp.
“The Laws of Human Relationships and of the Rules to be Derived Therefrom for Human Action.” Cf.: A-15. Gossen’s (1810–1858) fame rests on this one book, first published in… More

Collectivist Economic Planning: Critical Studies on the Possibilities of Socialism

Collectivist Economic Planning: Critical Studies on the Possibilities of Socialism. Edited with an Introduction and a Concluding Essay by F. A. Hayek. Contributions by N. G. Pierson, Ludwig von Mises, Georg Halm, and Enrico Barone. London: George Routledge & Sons, 1935.
Excerpt: “There is reason to believe that we are at last entering an era of reasoned discussion of what has long uncritically been assumed to be a reconstruction of society on… More

Economic Planning in Soviet Russia

– Boris Brutzkus. Economic Planning in Soviet Russia. Edited and prefaced by Friedrich A. Hayek. London: George Routledge & Sons, 1935; xvii, 234 pp.
From a review: These two volumes, together with a translation (yet to appear) of Mises’ Die Gemeinwirtschaft, constitute a formidable counterattack by laissez-faire on all forms of… More

Economics and Knowledge

– “Economics and Knowledge.” Economica N.S. 4 (February 1937): 33–54.
Excerpt: “The ambiguity of the title of this paper is not accidental. Its main subject is of course the role which assumptions and propositions about the knowledge possessed by the… More

Investment that Raises the Demand for Capital

– “Investment that Raises the Demand for Capital.” Review of Economic Statistics 19 (November 1937).
Excerpt: “The purpose of this article is to state a proposition which underlies the modern “monetary over-investment theories” of the trade cycle in a form in which, as… More

Price Expectations, Monetary Disturbances and Malinvestments

– “Price Expectations, Monetary Disturbances and Malinvestments," Profits, Interest and Investment: and Other Essays on The Theory on Industrial Fluctuations. London: Routledge & Kegan Paul, 1939.
Excerpt: “The most characteristic feature of the work of our generation of economists is probably the general endeavor to apply the methods and results of the pure theory of… More

Socialist Calculation: The Competitive ‘Solution’

– “Socialist Calculation: The Competitive ‘Solution’.” Economica N.S. 7 (May 1940): 125–149.
Excerpt: “Two chapters in the discussion of the economics of socialism may now be regarded as closed. The first deals with the belief that socialism will dispense entirely with… More

Maintaining Capital Intact: A Reply to Professor Pigou

– “Maintaining Capital Intact: A Reply [to Professor Pigou.]” Economica N.S. 8 (1941): 276–280.
Excerpt: “Professor Pigou’s defense of the conception of “maintaining capital intact” consists essentially of two parts. The first is a restatement of his own attempt to… More

The Use of Knowledge in Society

– “The Use of Knowledge in Society.” American Economic Review 35 (September 1945): 519–530.
Excerpt: “What is the problem we wish to solve when we try to construct a rational economic order? On certain familiar assumptions the answer is simple enough  if we possess all the… More

Time-Preference and Productivity: A Reconsideration

– “Time-Preference and Productivity: A Reconsideration.” Economica, N.S. no. 4, 12 (February 1945): 22–25.
Excerpt: “The question I wish here to reconsider is in the 1st instance the purely theoretical one of the relative importance, in determining the marginal productivity of investment,… More

Fuld Beskaeftigelse

– “Fuld Beskaeftigelse.” Nationalökonomisk Tidsskrift 84 (1946): 1–31.

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… More

Full Employment

– “Le plein emploi.” Economie Appliquée 1, no. 2–3, (Paris, 1948): 197–210.

Economics

– “Economics.” Chambers’ Encyclopaedia 4 (Oxford 1950).

Full Employment, Planning and Inflation

– “Full Employment, Planning and Inflation.” Institute of Public Affairs Review 4 (6) (Melbourne, Australia 1950).
Excerpt: “In the five years that have elapsed since the war, central planning, “full employment,” and inflationary pressure  have been the three features which have dominated… More

The Ideals of Economic Freedom: A Liberal Inheritance

– “The Ideals of Economic Freedom: A Liberal Inheritance,” in The Owl (London 1951), pp. 7–12.
Excerpt: “At the end of the First World War the spiritual tradition of liberalism was all but dead. True, it was still uppermost in the thoughts of many a leading figure of public and… More

Inflation Resulting from the Downward Inflexibility of Wages

– “Inflation Resulting from the Downward Inflexibility of Wages.” In: Committee for Economic Development (ed.) Problems of United States Economic Development, New York: 1958, Vol. I, pp. 147–152.
Excerpt: “Contrary to what is widely believed, the crucial results of the “Keynesian revolution” is the general acceptance of a factual assumption and, what is more, of an… More

Unions, Inflation and Profits

– “Unions, Inflation and Profits.” In: Philip D. Bradley (ed.) The Public Stake in Union Power. Charlottesville, University of Virginia Press: 1959.
Excerpt: “Tendencies are observable in the field of labor economics which most seriously threaten our future prosperity. The developments which are bringing this about are not of… More

The Economics of Abundance

– “The Economics of Abundance,” in Henry Hazlitt, ed. The Critics of Keynesian Economics. Princeton and London: Van Nostrand Co., 1960, pp. 126–130.
Excerpt: “Now in such a situation, in which abundant unused reserves of all kinds of resources, including all intermediate products, exist, may occasionally prevail in the depths of… More

The ‘Non Sequitur’ of the ‘Dependence Effect’

– “The ‘Non Sequitur’ of the ‘Dependence Effect’.” The Southern Economic Journal 27 (April 1961).
Excerpt: “For well over a hundred years the critics of the free enterprise system have resorted to the argument that if production were only organized rationally, there would be no… More

The Moral Element in Free Enterprise

– “The Moral Element in Free Enterprise.” In: National Association of Manufacturers (eds.) The Spiritual and Moral Significance of Free Enterprise. New York: 1962.
Excerpt: “Economic activity provides the material means for all our ends. At the same time, most of our individual efforts are directed to providing means for the ends of others in… More

The Economy, Science and Politics

– "The Economy, Science and Politics,” Studies in Philosophy, Politics and Economics. London: Routledge & Kegan Paul, 1967/1969,  pp.251-269.
Excerpt: “In spite of the fact that at least the first half of my career as an economist has been fully devoted to pure theory, and because I have since devoted much time to subjects… More

Dr. Bernard Mandeville

– “Dr. Bernard Mandeville.” Proceedings of the British Academy 52 (1966), London 1967.
Excerpt: “It is to be feared that not only would most of Bernard Mandeville’s contemporaries turn in their graves if they could know that he is today presented as a mastermind… More

The Results of Human Action but not of Human Design

– Résultats de l'action des hommes mais non de leurs desseins.” In: Les Fondements Philosophiques des Systèmes Economiques. Textes de Jacques Rueff et essais rédiges en son honneur. (Paris 1967).
Excerpt: “The belief in the superiority of deliberate design and planning over the spontaneous forces of society enters European thought explicitly only through the rationalist… More

Legal Order and Commercial Order

– “Rechtsordnung und Handelnsordnung.” In Eric Streissler (ed.), Zur Einheit der Rechts-und Staatswissenschaften, Vol. 27. Karlsruhe, 1967.

Freiburg Studies: Collected Essays

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

Note on Professor Hayek’s ‘True Theory of Unemployment’

– Johr, W.A. “Note on Professor Hayek's ‘True Theory of Unemployment.’” Kyklos 30, no. 4 (1970): 713–723
Excerpt: “Prof. Hayek is an economist whose prestige, acquired by his writings on problems of economics and social philosophy, stands high. Consequently, every work he publishes… More

Inside The Hayek Equation

– YouTube video, Liberty in Our Time.
Friedrich August von Hayek discusses economics and philosophy with students at Stanford University in the 1970’s.

The Repercussions of Rent Restrictions

– "The Repercussions of Rent Restrictions,” in F. A. Hayek, Milton Friedman, et al. Rent Control: A Popular Paradox. Evidence on The Effects of Rent Control. Vancouver: The Fraser Institute, 1975, pp. 67–83.
Excerpt: “A unique feature of price control in housing compared with that in other goods and services is that wartime housing regulations have been retained and enforced ever since.… More

The Pretense of Knowledge

– “The Pretence of Knowledge.” An Alfred Nobel Memorial Lecture, delivered December 11, 1974 at the Stockholm School of Economics. In Les Prix Nobel en 1974. Stockholm: Nobel Foundation, 1975.
Excerpt: “The particular occasion of this lecture, combined with the chief practical problem which economists have to face today, have made the choice of its topic almost inevitable.… More

Hayek and Keynes: A Retrospective Assessment

– O'Driscoll, Jr. Gerald P. “Hayek and Keynes: A Retrospective Assessment.” Iowa State University Department of Economics Staff Paper No. 20. Ames, Iowa: Xerox 1975. [Paper prepared for the Symposium on Austrian Economics, University of Hartford, June 22–28, 1975.]

Adam Smith’s Message in Today’s Language

– “Adam Smith's Message in Today's Language.” Daily Telegraph, London (March 9, 1976.)
Excerpt: “During the 40-odd years over which I have been lecturing on the history of economics, I have always found the lectures on Adam Smith particularly difficult to give. By the… More

Capitalism and the Historians

– Hartwell, Ronald Max. “Capitalism and the Historians.” In Fritz Machlup, ed. Essays on Hayek. New York: New York University Press, 1976, pp. 73–94.

Rereading von Hayek

– Leduc, G. “En rélisant von Hayek.” Revue d'Economie Politique 86 (1976): 491–494.

Friedrich A. Hayek: Nobel Prizewinner

– Shearmur, Jeremy.  “Friedrich A. Hayek: Nobel Prizewinner.” In Fritz Machlup, ed., Essays on Hayek. New York: New York University Press, 1976, pp. 171–176.

Competition as a Discovery Procedure

– “Competition as a Discovery Procedure.” New Studies in Philosophy, Politics, Economics and the History of Ideas. London: Routledge & Kegan Paul, 1978.
Excerpt: “It is difficult to defend economists against the charge that for some 40 to 50 years they have been discussing competition on assumptions that, if they were true in the real… More

Coping with Ignorance

– “Coping with Ignorance.” Ludwig von Mises Memorial Lecture. Imprimis (Hillsdale College) 7 (July 1978) 6 pp.
Excerpt: “It is to me not only a great honor but also the discharge of an intellectual duty and a real pleasure to be allowed to deliver a Ludwig von Mises memorial lecture. There is… More

Exploitation of Workers by Workers

– “Exploitation of Workers by Workers.” The last of three talks given by Professor F. A. Hayek under the title, “The Market Economy” (Radio 3, BBC). The Listener (August 17, 1978): 202–203.

Time in Economics vs. Economics in Time. The ‘Hayek Problem

– Boland, L.A. “Time in Economics vs. Economics in Time. The ‘Hayek Problem.’” In The Canadian Journal of Economics (Canadian Economic Association) Toronto, 2, no. 2 (1978): 240–262.
Excerpt: “Several notable writers have recently charged that neoclassical economics is ‘timeless.’ But strictly speaking neoclassical economics is not timeless. Indeed,… More

James Buchanan interviews Friedrich A. Hayek

– The Hayek Interviews, Universidad Francisco Marroquín, October 28, 1978.
The dynamic development of laws interacting with legislation and politicians is discussed by Friedrich Hayek in this interview with James Buchanan. Examining the concept of social justice,… More

Armen A. Alchian interviews Friedrich A. Hayek (2 parts)

– The Hayek Interviews, Universidad Francisco Marroquín, November 11, 1978.
In this interview focusing on Hayek’s personal life, the importance of early academic experiences in his life are explored. Once in academia, his popular seminar and some of his… More

Hayek or the Political Economy of Liberty

– Lepage, Henri. “Hayek ou l’économie politique de la liberté.” [“Hayek or the Political Economy of Liberty”]. Part 6 of Demain le libéralism [“Tomorrow Liberalism”]. Paris: Le Livre de Poche (8358L), Collection Pluriel, 1980, pp. 409–453.

Hayek on Socialism

– Steele, David Ramsey. “Hayek on Socialism.” Unpublished paper presented to The Carl Menger Society Conference entitled “Hayek—An Introductory Course,” London, Dec. 6, 1980.

Socialism: An Economic and Sociological Analysis

– Ludwig von Mises. Socialism: An Economic and Sociological Analysis. Translated by Jacques Kahane. 1981 Introduction by F.A. Hayek. Indianapolis: LibertyClassics, 1981
Hayek’s Foreward pays tribute to Mises for the anti-socialist impact that Mises’ Die Gemeinwirtschaft: Untersuchungen über den Sozialismus (Jena: Gustav Fischer, 1922) created on… More

The Political Economy of F.A. Hayek

– Gordon, Scott. “The Political Economy of F.A. Hayek.” Canadian Journal of Economics 14 (1981): 470–487.
Excerpt: “Why should a book on political philosophy be reviewed in an economics journal? If one reads the “Note to contributors” published regularly on the back cover of this… More

Mises, Hayek, Hahn and The Market Process: Comment on Littlechild

– White, Lawrence H. “Mises, Hayek, Hahn and The Market Process: Comment on Littlechild.” In Method, Process, and Austrian Economics: Essays in Honor of Ludwig von Mises. Edited by Israel M. Kirzner. Lexington, Mass. & Toronto: Lexington-Books, D.C. Heath and Company, 1982, pp. 103–110.
Excerpt: Littlechild correctly emphasizes Mises’s recognition that the conditions necessary for general equilibrium cannot be met in the real world. It is not so much that the future… More

Justice and the Market

– MacLeod, A. M. Canadian Journal of Philosophy. Vol. 13, No. 4 (December, 1983), pp. 551-561.

Hayek’s Transformation

– Caldwell, Bruce. History of Political Economy. Vol. 20, no. 4 (Winter 1988): pp. 513-541.

The Legacy of Friedrich von Hayek

– Audio, Liberty Fund: Indianapolis, 1999.
This is a collection of 7 lectures which were given between October 7 and November 13 1999 to celebrate the 100th anniversary of the birth of the Austrian economist Friedrich von Hayek. The… More

The Hayek Century

– Cassidy, John. Hoover Digest. June 2000. Adapted from The Price Prophet. New Yorker. February 7, 2000.
Summary: Economist and Hoover honorary fellow Friedrich Hayek spent seven decades extolling the supremacy of capitalism over socialism. For most of those decades, Hayek was a voice in the… More

Hayek vs. Keynes

– Bruce Caldwell, INET Conference, King’s College, Cambridge University, April 8-11, 2010.
Excerpt: Tonight I will talk briefly about the Keynes-Hayek relationship, then will focus on some of Hayek’s insights that may be of relevance today. In the process I hope to clear up… More

Why Friedrich Hayek Is Making a Comeback

– Roberts, Russ. Wall Street Journal, June 28, 2010.
Excerpt: He was born in the 19th century, wrote his most influential book more than 65 years ago, and he’s not quite as well known or beloved as the sexy Mexican actress who shares his… More

Masters Of Money – Part 2 – Friedrich Hayek

– Episode 2, BBC series, September 2012.
According to conventional wisdom, today’s global financial crisis happened because markets were not regulated enough. But what if the opposite is true? That it was excessive… More

Hayek and the Modern World: Economic Organization and Activity

– Conference, Jepson School of Leadership Studies, University of Richmond, April 12, 2013.
The Jepson School of Leadership Studies brought together invited scholars to explore economist Friedrich A. Hayek’s contributions to political economy in theory and practice and his… More

Friedrich Hayek’s Individualism and Economic Order

– Online Course, Instructor: Tyler Cowen, Marginal Revolution University, December 2013.
In this video series, Professor Tyler Cowen leads you on an essay-by-essay discussion of Friedrich Hayek’s essential economics text, Individualism and Economic Order. Why is the use… More

Commentary

The Laws of Human Relationships and of the Rules to be Derived Therefrom for Human Action

– Hermann Heinrich Gossen. Entwicklung der Gesetze des menschlichen Verkehrs und der daraus fliessenden Regeln für menschliches Handeln. Introduced by Friedrich A. Hayek. 3rd edition. Berlin: Prager, 1927, xxiii, 278 pp.
“The Laws of Human Relationships and of the Rules to be Derived Therefrom for Human Action.” Cf.: A-15. Gossen’s (1810–1858) fame rests on this one book, first published in… More

Collectivist Economic Planning: Critical Studies on the Possibilities of Socialism

Collectivist Economic Planning: Critical Studies on the Possibilities of Socialism. Edited with an Introduction and a Concluding Essay by F. A. Hayek. Contributions by N. G. Pierson, Ludwig von Mises, Georg Halm, and Enrico Barone. London: George Routledge & Sons, 1935.
Excerpt: “There is reason to believe that we are at last entering an era of reasoned discussion of what has long uncritically been assumed to be a reconstruction of society on… More

Economic Planning in Soviet Russia

– Boris Brutzkus. Economic Planning in Soviet Russia. Edited and prefaced by Friedrich A. Hayek. London: George Routledge & Sons, 1935; xvii, 234 pp.
From a review: These two volumes, together with a translation (yet to appear) of Mises’ Die Gemeinwirtschaft, constitute a formidable counterattack by laissez-faire on all forms of… More

Economics and Knowledge

– “Economics and Knowledge.” Economica N.S. 4 (February 1937): 33–54.
Excerpt: “The ambiguity of the title of this paper is not accidental. Its main subject is of course the role which assumptions and propositions about the knowledge possessed by the… More

Investment that Raises the Demand for Capital

– “Investment that Raises the Demand for Capital.” Review of Economic Statistics 19 (November 1937).
Excerpt: “The purpose of this article is to state a proposition which underlies the modern “monetary over-investment theories” of the trade cycle in a form in which, as… More

Price Expectations, Monetary Disturbances and Malinvestments

– “Price Expectations, Monetary Disturbances and Malinvestments," Profits, Interest and Investment: and Other Essays on The Theory on Industrial Fluctuations. London: Routledge & Kegan Paul, 1939.
Excerpt: “The most characteristic feature of the work of our generation of economists is probably the general endeavor to apply the methods and results of the pure theory of… More

Socialist Calculation: The Competitive ‘Solution’

– “Socialist Calculation: The Competitive ‘Solution’.” Economica N.S. 7 (May 1940): 125–149.
Excerpt: “Two chapters in the discussion of the economics of socialism may now be regarded as closed. The first deals with the belief that socialism will dispense entirely with… More

Maintaining Capital Intact: A Reply to Professor Pigou

– “Maintaining Capital Intact: A Reply [to Professor Pigou.]” Economica N.S. 8 (1941): 276–280.
Excerpt: “Professor Pigou’s defense of the conception of “maintaining capital intact” consists essentially of two parts. The first is a restatement of his own attempt to… More

The Use of Knowledge in Society

– “The Use of Knowledge in Society.” American Economic Review 35 (September 1945): 519–530.
Excerpt: “What is the problem we wish to solve when we try to construct a rational economic order? On certain familiar assumptions the answer is simple enough  if we possess all the… More

Time-Preference and Productivity: A Reconsideration

– “Time-Preference and Productivity: A Reconsideration.” Economica, N.S. no. 4, 12 (February 1945): 22–25.
Excerpt: “The question I wish here to reconsider is in the 1st instance the purely theoretical one of the relative importance, in determining the marginal productivity of investment,… More

Fuld Beskaeftigelse

– “Fuld Beskaeftigelse.” Nationalökonomisk Tidsskrift 84 (1946): 1–31.

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… More

Full Employment

– “Le plein emploi.” Economie Appliquée 1, no. 2–3, (Paris, 1948): 197–210.

Economics

– “Economics.” Chambers’ Encyclopaedia 4 (Oxford 1950).

Full Employment, Planning and Inflation

– “Full Employment, Planning and Inflation.” Institute of Public Affairs Review 4 (6) (Melbourne, Australia 1950).
Excerpt: “In the five years that have elapsed since the war, central planning, “full employment,” and inflationary pressure  have been the three features which have dominated… More

The Ideals of Economic Freedom: A Liberal Inheritance

– “The Ideals of Economic Freedom: A Liberal Inheritance,” in The Owl (London 1951), pp. 7–12.
Excerpt: “At the end of the First World War the spiritual tradition of liberalism was all but dead. True, it was still uppermost in the thoughts of many a leading figure of public and… More

Inflation Resulting from the Downward Inflexibility of Wages

– “Inflation Resulting from the Downward Inflexibility of Wages.” In: Committee for Economic Development (ed.) Problems of United States Economic Development, New York: 1958, Vol. I, pp. 147–152.
Excerpt: “Contrary to what is widely believed, the crucial results of the “Keynesian revolution” is the general acceptance of a factual assumption and, what is more, of an… More

Unions, Inflation and Profits

– “Unions, Inflation and Profits.” In: Philip D. Bradley (ed.) The Public Stake in Union Power. Charlottesville, University of Virginia Press: 1959.
Excerpt: “Tendencies are observable in the field of labor economics which most seriously threaten our future prosperity. The developments which are bringing this about are not of… More

The Economics of Abundance

– “The Economics of Abundance,” in Henry Hazlitt, ed. The Critics of Keynesian Economics. Princeton and London: Van Nostrand Co., 1960, pp. 126–130.
Excerpt: “Now in such a situation, in which abundant unused reserves of all kinds of resources, including all intermediate products, exist, may occasionally prevail in the depths of… More

The ‘Non Sequitur’ of the ‘Dependence Effect’

– “The ‘Non Sequitur’ of the ‘Dependence Effect’.” The Southern Economic Journal 27 (April 1961).
Excerpt: “For well over a hundred years the critics of the free enterprise system have resorted to the argument that if production were only organized rationally, there would be no… More

The Moral Element in Free Enterprise

– “The Moral Element in Free Enterprise.” In: National Association of Manufacturers (eds.) The Spiritual and Moral Significance of Free Enterprise. New York: 1962.
Excerpt: “Economic activity provides the material means for all our ends. At the same time, most of our individual efforts are directed to providing means for the ends of others in… More

The Economy, Science and Politics

– "The Economy, Science and Politics,” Studies in Philosophy, Politics and Economics. London: Routledge & Kegan Paul, 1967/1969,  pp.251-269.
Excerpt: “In spite of the fact that at least the first half of my career as an economist has been fully devoted to pure theory, and because I have since devoted much time to subjects… More

Dr. Bernard Mandeville

– “Dr. Bernard Mandeville.” Proceedings of the British Academy 52 (1966), London 1967.
Excerpt: “It is to be feared that not only would most of Bernard Mandeville’s contemporaries turn in their graves if they could know that he is today presented as a mastermind… More

The Results of Human Action but not of Human Design

– Résultats de l'action des hommes mais non de leurs desseins.” In: Les Fondements Philosophiques des Systèmes Economiques. Textes de Jacques Rueff et essais rédiges en son honneur. (Paris 1967).
Excerpt: “The belief in the superiority of deliberate design and planning over the spontaneous forces of society enters European thought explicitly only through the rationalist… More

Legal Order and Commercial Order

– “Rechtsordnung und Handelnsordnung.” In Eric Streissler (ed.), Zur Einheit der Rechts-und Staatswissenschaften, Vol. 27. Karlsruhe, 1967.

Freiburg Studies: Collected Essays

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

Note on Professor Hayek’s ‘True Theory of Unemployment’

– Johr, W.A. “Note on Professor Hayek's ‘True Theory of Unemployment.’” Kyklos 30, no. 4 (1970): 713–723
Excerpt: “Prof. Hayek is an economist whose prestige, acquired by his writings on problems of economics and social philosophy, stands high. Consequently, every work he publishes… More

Inside The Hayek Equation

– YouTube video, Liberty in Our Time.
Friedrich August von Hayek discusses economics and philosophy with students at Stanford University in the 1970’s.

The Repercussions of Rent Restrictions

– "The Repercussions of Rent Restrictions,” in F. A. Hayek, Milton Friedman, et al. Rent Control: A Popular Paradox. Evidence on The Effects of Rent Control. Vancouver: The Fraser Institute, 1975, pp. 67–83.
Excerpt: “A unique feature of price control in housing compared with that in other goods and services is that wartime housing regulations have been retained and enforced ever since.… More

The Pretense of Knowledge

– “The Pretence of Knowledge.” An Alfred Nobel Memorial Lecture, delivered December 11, 1974 at the Stockholm School of Economics. In Les Prix Nobel en 1974. Stockholm: Nobel Foundation, 1975.
Excerpt: “The particular occasion of this lecture, combined with the chief practical problem which economists have to face today, have made the choice of its topic almost inevitable.… More

Hayek and Keynes: A Retrospective Assessment

– O'Driscoll, Jr. Gerald P. “Hayek and Keynes: A Retrospective Assessment.” Iowa State University Department of Economics Staff Paper No. 20. Ames, Iowa: Xerox 1975. [Paper prepared for the Symposium on Austrian Economics, University of Hartford, June 22–28, 1975.]

Adam Smith’s Message in Today’s Language

– “Adam Smith's Message in Today's Language.” Daily Telegraph, London (March 9, 1976.)
Excerpt: “During the 40-odd years over which I have been lecturing on the history of economics, I have always found the lectures on Adam Smith particularly difficult to give. By the… More

Capitalism and the Historians

– Hartwell, Ronald Max. “Capitalism and the Historians.” In Fritz Machlup, ed. Essays on Hayek. New York: New York University Press, 1976, pp. 73–94.

Rereading von Hayek

– Leduc, G. “En rélisant von Hayek.” Revue d'Economie Politique 86 (1976): 491–494.

Friedrich A. Hayek: Nobel Prizewinner

– Shearmur, Jeremy.  “Friedrich A. Hayek: Nobel Prizewinner.” In Fritz Machlup, ed., Essays on Hayek. New York: New York University Press, 1976, pp. 171–176.

Competition as a Discovery Procedure

– “Competition as a Discovery Procedure.” New Studies in Philosophy, Politics, Economics and the History of Ideas. London: Routledge & Kegan Paul, 1978.
Excerpt: “It is difficult to defend economists against the charge that for some 40 to 50 years they have been discussing competition on assumptions that, if they were true in the real… More

Coping with Ignorance

– “Coping with Ignorance.” Ludwig von Mises Memorial Lecture. Imprimis (Hillsdale College) 7 (July 1978) 6 pp.
Excerpt: “It is to me not only a great honor but also the discharge of an intellectual duty and a real pleasure to be allowed to deliver a Ludwig von Mises memorial lecture. There is… More

Exploitation of Workers by Workers

– “Exploitation of Workers by Workers.” The last of three talks given by Professor F. A. Hayek under the title, “The Market Economy” (Radio 3, BBC). The Listener (August 17, 1978): 202–203.

Time in Economics vs. Economics in Time. The ‘Hayek Problem

– Boland, L.A. “Time in Economics vs. Economics in Time. The ‘Hayek Problem.’” In The Canadian Journal of Economics (Canadian Economic Association) Toronto, 2, no. 2 (1978): 240–262.
Excerpt: “Several notable writers have recently charged that neoclassical economics is ‘timeless.’ But strictly speaking neoclassical economics is not timeless. Indeed,… More

James Buchanan interviews Friedrich A. Hayek

– The Hayek Interviews, Universidad Francisco Marroquín, October 28, 1978.
The dynamic development of laws interacting with legislation and politicians is discussed by Friedrich Hayek in this interview with James Buchanan. Examining the concept of social justice,… More

Armen A. Alchian interviews Friedrich A. Hayek (2 parts)

– The Hayek Interviews, Universidad Francisco Marroquín, November 11, 1978.
In this interview focusing on Hayek’s personal life, the importance of early academic experiences in his life are explored. Once in academia, his popular seminar and some of his… More

Hayek or the Political Economy of Liberty

– Lepage, Henri. “Hayek ou l’économie politique de la liberté.” [“Hayek or the Political Economy of Liberty”]. Part 6 of Demain le libéralism [“Tomorrow Liberalism”]. Paris: Le Livre de Poche (8358L), Collection Pluriel, 1980, pp. 409–453.

Hayek on Socialism

– Steele, David Ramsey. “Hayek on Socialism.” Unpublished paper presented to The Carl Menger Society Conference entitled “Hayek—An Introductory Course,” London, Dec. 6, 1980.

Socialism: An Economic and Sociological Analysis

– Ludwig von Mises. Socialism: An Economic and Sociological Analysis. Translated by Jacques Kahane. 1981 Introduction by F.A. Hayek. Indianapolis: LibertyClassics, 1981
Hayek’s Foreward pays tribute to Mises for the anti-socialist impact that Mises’ Die Gemeinwirtschaft: Untersuchungen über den Sozialismus (Jena: Gustav Fischer, 1922) created on… More

The Political Economy of F.A. Hayek

– Gordon, Scott. “The Political Economy of F.A. Hayek.” Canadian Journal of Economics 14 (1981): 470–487.
Excerpt: “Why should a book on political philosophy be reviewed in an economics journal? If one reads the “Note to contributors” published regularly on the back cover of this… More

Mises, Hayek, Hahn and The Market Process: Comment on Littlechild

– White, Lawrence H. “Mises, Hayek, Hahn and The Market Process: Comment on Littlechild.” In Method, Process, and Austrian Economics: Essays in Honor of Ludwig von Mises. Edited by Israel M. Kirzner. Lexington, Mass. & Toronto: Lexington-Books, D.C. Heath and Company, 1982, pp. 103–110.
Excerpt: Littlechild correctly emphasizes Mises’s recognition that the conditions necessary for general equilibrium cannot be met in the real world. It is not so much that the future… More

Justice and the Market

– MacLeod, A. M. Canadian Journal of Philosophy. Vol. 13, No. 4 (December, 1983), pp. 551-561.

Hayek’s Transformation

– Caldwell, Bruce. History of Political Economy. Vol. 20, no. 4 (Winter 1988): pp. 513-541.

The Legacy of Friedrich von Hayek

– Audio, Liberty Fund: Indianapolis, 1999.
This is a collection of 7 lectures which were given between October 7 and November 13 1999 to celebrate the 100th anniversary of the birth of the Austrian economist Friedrich von Hayek. The… More

The Hayek Century

– Cassidy, John. Hoover Digest. June 2000. Adapted from The Price Prophet. New Yorker. February 7, 2000.
Summary: Economist and Hoover honorary fellow Friedrich Hayek spent seven decades extolling the supremacy of capitalism over socialism. For most of those decades, Hayek was a voice in the… More

Hayek vs. Keynes

– Bruce Caldwell, INET Conference, King’s College, Cambridge University, April 8-11, 2010.
Excerpt: Tonight I will talk briefly about the Keynes-Hayek relationship, then will focus on some of Hayek’s insights that may be of relevance today. In the process I hope to clear up… More

Why Friedrich Hayek Is Making a Comeback

– Roberts, Russ. Wall Street Journal, June 28, 2010.
Excerpt: He was born in the 19th century, wrote his most influential book more than 65 years ago, and he’s not quite as well known or beloved as the sexy Mexican actress who shares his… More

Masters Of Money – Part 2 – Friedrich Hayek

– Episode 2, BBC series, September 2012.
According to conventional wisdom, today’s global financial crisis happened because markets were not regulated enough. But what if the opposite is true? That it was excessive… More

Hayek and the Modern World: Economic Organization and Activity

– Conference, Jepson School of Leadership Studies, University of Richmond, April 12, 2013.
The Jepson School of Leadership Studies brought together invited scholars to explore economist Friedrich A. Hayek’s contributions to political economy in theory and practice and his… More

Friedrich Hayek’s Individualism and Economic Order

– Online Course, Instructor: Tyler Cowen, Marginal Revolution University, December 2013.
In this video series, Professor Tyler Cowen leads you on an essay-by-essay discussion of Friedrich Hayek’s essential economics text, Individualism and Economic Order. Why is the use… More

Multimedia

The Laws of Human Relationships and of the Rules to be Derived Therefrom for Human Action

– Hermann Heinrich Gossen. Entwicklung der Gesetze des menschlichen Verkehrs und der daraus fliessenden Regeln für menschliches Handeln. Introduced by Friedrich A. Hayek. 3rd edition. Berlin: Prager, 1927, xxiii, 278 pp.
“The Laws of Human Relationships and of the Rules to be Derived Therefrom for Human Action.” Cf.: A-15. Gossen’s (1810–1858) fame rests on this one book, first published in… More

Collectivist Economic Planning: Critical Studies on the Possibilities of Socialism

Collectivist Economic Planning: Critical Studies on the Possibilities of Socialism. Edited with an Introduction and a Concluding Essay by F. A. Hayek. Contributions by N. G. Pierson, Ludwig von Mises, Georg Halm, and Enrico Barone. London: George Routledge & Sons, 1935.
Excerpt: “There is reason to believe that we are at last entering an era of reasoned discussion of what has long uncritically been assumed to be a reconstruction of society on… More

Economic Planning in Soviet Russia

– Boris Brutzkus. Economic Planning in Soviet Russia. Edited and prefaced by Friedrich A. Hayek. London: George Routledge & Sons, 1935; xvii, 234 pp.
From a review: These two volumes, together with a translation (yet to appear) of Mises’ Die Gemeinwirtschaft, constitute a formidable counterattack by laissez-faire on all forms of… More

Economics and Knowledge

– “Economics and Knowledge.” Economica N.S. 4 (February 1937): 33–54.
Excerpt: “The ambiguity of the title of this paper is not accidental. Its main subject is of course the role which assumptions and propositions about the knowledge possessed by the… More

Investment that Raises the Demand for Capital

– “Investment that Raises the Demand for Capital.” Review of Economic Statistics 19 (November 1937).
Excerpt: “The purpose of this article is to state a proposition which underlies the modern “monetary over-investment theories” of the trade cycle in a form in which, as… More

Price Expectations, Monetary Disturbances and Malinvestments

– “Price Expectations, Monetary Disturbances and Malinvestments," Profits, Interest and Investment: and Other Essays on The Theory on Industrial Fluctuations. London: Routledge & Kegan Paul, 1939.
Excerpt: “The most characteristic feature of the work of our generation of economists is probably the general endeavor to apply the methods and results of the pure theory of… More

Socialist Calculation: The Competitive ‘Solution’

– “Socialist Calculation: The Competitive ‘Solution’.” Economica N.S. 7 (May 1940): 125–149.
Excerpt: “Two chapters in the discussion of the economics of socialism may now be regarded as closed. The first deals with the belief that socialism will dispense entirely with… More

Maintaining Capital Intact: A Reply to Professor Pigou

– “Maintaining Capital Intact: A Reply [to Professor Pigou.]” Economica N.S. 8 (1941): 276–280.
Excerpt: “Professor Pigou’s defense of the conception of “maintaining capital intact” consists essentially of two parts. The first is a restatement of his own attempt to… More

The Use of Knowledge in Society

– “The Use of Knowledge in Society.” American Economic Review 35 (September 1945): 519–530.
Excerpt: “What is the problem we wish to solve when we try to construct a rational economic order? On certain familiar assumptions the answer is simple enough  if we possess all the… More

Time-Preference and Productivity: A Reconsideration

– “Time-Preference and Productivity: A Reconsideration.” Economica, N.S. no. 4, 12 (February 1945): 22–25.
Excerpt: “The question I wish here to reconsider is in the 1st instance the purely theoretical one of the relative importance, in determining the marginal productivity of investment,… More

Fuld Beskaeftigelse

– “Fuld Beskaeftigelse.” Nationalökonomisk Tidsskrift 84 (1946): 1–31.

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… More

Full Employment

– “Le plein emploi.” Economie Appliquée 1, no. 2–3, (Paris, 1948): 197–210.

Economics

– “Economics.” Chambers’ Encyclopaedia 4 (Oxford 1950).

Full Employment, Planning and Inflation

– “Full Employment, Planning and Inflation.” Institute of Public Affairs Review 4 (6) (Melbourne, Australia 1950).
Excerpt: “In the five years that have elapsed since the war, central planning, “full employment,” and inflationary pressure  have been the three features which have dominated… More

The Ideals of Economic Freedom: A Liberal Inheritance

– “The Ideals of Economic Freedom: A Liberal Inheritance,” in The Owl (London 1951), pp. 7–12.
Excerpt: “At the end of the First World War the spiritual tradition of liberalism was all but dead. True, it was still uppermost in the thoughts of many a leading figure of public and… More

Inflation Resulting from the Downward Inflexibility of Wages

– “Inflation Resulting from the Downward Inflexibility of Wages.” In: Committee for Economic Development (ed.) Problems of United States Economic Development, New York: 1958, Vol. I, pp. 147–152.
Excerpt: “Contrary to what is widely believed, the crucial results of the “Keynesian revolution” is the general acceptance of a factual assumption and, what is more, of an… More

Unions, Inflation and Profits

– “Unions, Inflation and Profits.” In: Philip D. Bradley (ed.) The Public Stake in Union Power. Charlottesville, University of Virginia Press: 1959.
Excerpt: “Tendencies are observable in the field of labor economics which most seriously threaten our future prosperity. The developments which are bringing this about are not of… More

The Economics of Abundance

– “The Economics of Abundance,” in Henry Hazlitt, ed. The Critics of Keynesian Economics. Princeton and London: Van Nostrand Co., 1960, pp. 126–130.
Excerpt: “Now in such a situation, in which abundant unused reserves of all kinds of resources, including all intermediate products, exist, may occasionally prevail in the depths of… More

The ‘Non Sequitur’ of the ‘Dependence Effect’

– “The ‘Non Sequitur’ of the ‘Dependence Effect’.” The Southern Economic Journal 27 (April 1961).
Excerpt: “For well over a hundred years the critics of the free enterprise system have resorted to the argument that if production were only organized rationally, there would be no… More

The Moral Element in Free Enterprise

– “The Moral Element in Free Enterprise.” In: National Association of Manufacturers (eds.) The Spiritual and Moral Significance of Free Enterprise. New York: 1962.
Excerpt: “Economic activity provides the material means for all our ends. At the same time, most of our individual efforts are directed to providing means for the ends of others in… More

The Economy, Science and Politics

– "The Economy, Science and Politics,” Studies in Philosophy, Politics and Economics. London: Routledge & Kegan Paul, 1967/1969,  pp.251-269.
Excerpt: “In spite of the fact that at least the first half of my career as an economist has been fully devoted to pure theory, and because I have since devoted much time to subjects… More

Dr. Bernard Mandeville

– “Dr. Bernard Mandeville.” Proceedings of the British Academy 52 (1966), London 1967.
Excerpt: “It is to be feared that not only would most of Bernard Mandeville’s contemporaries turn in their graves if they could know that he is today presented as a mastermind… More

The Results of Human Action but not of Human Design

– Résultats de l'action des hommes mais non de leurs desseins.” In: Les Fondements Philosophiques des Systèmes Economiques. Textes de Jacques Rueff et essais rédiges en son honneur. (Paris 1967).
Excerpt: “The belief in the superiority of deliberate design and planning over the spontaneous forces of society enters European thought explicitly only through the rationalist… More

Legal Order and Commercial Order

– “Rechtsordnung und Handelnsordnung.” In Eric Streissler (ed.), Zur Einheit der Rechts-und Staatswissenschaften, Vol. 27. Karlsruhe, 1967.

Freiburg Studies: Collected Essays

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

Note on Professor Hayek’s ‘True Theory of Unemployment’

– Johr, W.A. “Note on Professor Hayek's ‘True Theory of Unemployment.’” Kyklos 30, no. 4 (1970): 713–723
Excerpt: “Prof. Hayek is an economist whose prestige, acquired by his writings on problems of economics and social philosophy, stands high. Consequently, every work he publishes… More

Inside The Hayek Equation

– YouTube video, Liberty in Our Time.
Friedrich August von Hayek discusses economics and philosophy with students at Stanford University in the 1970’s.

The Repercussions of Rent Restrictions

– "The Repercussions of Rent Restrictions,” in F. A. Hayek, Milton Friedman, et al. Rent Control: A Popular Paradox. Evidence on The Effects of Rent Control. Vancouver: The Fraser Institute, 1975, pp. 67–83.
Excerpt: “A unique feature of price control in housing compared with that in other goods and services is that wartime housing regulations have been retained and enforced ever since.… More

The Pretense of Knowledge

– “The Pretence of Knowledge.” An Alfred Nobel Memorial Lecture, delivered December 11, 1974 at the Stockholm School of Economics. In Les Prix Nobel en 1974. Stockholm: Nobel Foundation, 1975.
Excerpt: “The particular occasion of this lecture, combined with the chief practical problem which economists have to face today, have made the choice of its topic almost inevitable.… More

Hayek and Keynes: A Retrospective Assessment

– O'Driscoll, Jr. Gerald P. “Hayek and Keynes: A Retrospective Assessment.” Iowa State University Department of Economics Staff Paper No. 20. Ames, Iowa: Xerox 1975. [Paper prepared for the Symposium on Austrian Economics, University of Hartford, June 22–28, 1975.]

Adam Smith’s Message in Today’s Language

– “Adam Smith's Message in Today's Language.” Daily Telegraph, London (March 9, 1976.)
Excerpt: “During the 40-odd years over which I have been lecturing on the history of economics, I have always found the lectures on Adam Smith particularly difficult to give. By the… More

Capitalism and the Historians

– Hartwell, Ronald Max. “Capitalism and the Historians.” In Fritz Machlup, ed. Essays on Hayek. New York: New York University Press, 1976, pp. 73–94.

Rereading von Hayek

– Leduc, G. “En rélisant von Hayek.” Revue d'Economie Politique 86 (1976): 491–494.

Friedrich A. Hayek: Nobel Prizewinner

– Shearmur, Jeremy.  “Friedrich A. Hayek: Nobel Prizewinner.” In Fritz Machlup, ed., Essays on Hayek. New York: New York University Press, 1976, pp. 171–176.

Competition as a Discovery Procedure

– “Competition as a Discovery Procedure.” New Studies in Philosophy, Politics, Economics and the History of Ideas. London: Routledge & Kegan Paul, 1978.
Excerpt: “It is difficult to defend economists against the charge that for some 40 to 50 years they have been discussing competition on assumptions that, if they were true in the real… More

Coping with Ignorance

– “Coping with Ignorance.” Ludwig von Mises Memorial Lecture. Imprimis (Hillsdale College) 7 (July 1978) 6 pp.
Excerpt: “It is to me not only a great honor but also the discharge of an intellectual duty and a real pleasure to be allowed to deliver a Ludwig von Mises memorial lecture. There is… More

Exploitation of Workers by Workers

– “Exploitation of Workers by Workers.” The last of three talks given by Professor F. A. Hayek under the title, “The Market Economy” (Radio 3, BBC). The Listener (August 17, 1978): 202–203.

Time in Economics vs. Economics in Time. The ‘Hayek Problem

– Boland, L.A. “Time in Economics vs. Economics in Time. The ‘Hayek Problem.’” In The Canadian Journal of Economics (Canadian Economic Association) Toronto, 2, no. 2 (1978): 240–262.
Excerpt: “Several notable writers have recently charged that neoclassical economics is ‘timeless.’ But strictly speaking neoclassical economics is not timeless. Indeed,… More

James Buchanan interviews Friedrich A. Hayek

– The Hayek Interviews, Universidad Francisco Marroquín, October 28, 1978.
The dynamic development of laws interacting with legislation and politicians is discussed by Friedrich Hayek in this interview with James Buchanan. Examining the concept of social justice,… More

Armen A. Alchian interviews Friedrich A. Hayek (2 parts)

– The Hayek Interviews, Universidad Francisco Marroquín, November 11, 1978.
In this interview focusing on Hayek’s personal life, the importance of early academic experiences in his life are explored. Once in academia, his popular seminar and some of his… More

Hayek or the Political Economy of Liberty

– Lepage, Henri. “Hayek ou l’économie politique de la liberté.” [“Hayek or the Political Economy of Liberty”]. Part 6 of Demain le libéralism [“Tomorrow Liberalism”]. Paris: Le Livre de Poche (8358L), Collection Pluriel, 1980, pp. 409–453.

Hayek on Socialism

– Steele, David Ramsey. “Hayek on Socialism.” Unpublished paper presented to The Carl Menger Society Conference entitled “Hayek—An Introductory Course,” London, Dec. 6, 1980.

Socialism: An Economic and Sociological Analysis

– Ludwig von Mises. Socialism: An Economic and Sociological Analysis. Translated by Jacques Kahane. 1981 Introduction by F.A. Hayek. Indianapolis: LibertyClassics, 1981
Hayek’s Foreward pays tribute to Mises for the anti-socialist impact that Mises’ Die Gemeinwirtschaft: Untersuchungen über den Sozialismus (Jena: Gustav Fischer, 1922) created on… More

The Political Economy of F.A. Hayek

– Gordon, Scott. “The Political Economy of F.A. Hayek.” Canadian Journal of Economics 14 (1981): 470–487.
Excerpt: “Why should a book on political philosophy be reviewed in an economics journal? If one reads the “Note to contributors” published regularly on the back cover of this… More

Mises, Hayek, Hahn and The Market Process: Comment on Littlechild

– White, Lawrence H. “Mises, Hayek, Hahn and The Market Process: Comment on Littlechild.” In Method, Process, and Austrian Economics: Essays in Honor of Ludwig von Mises. Edited by Israel M. Kirzner. Lexington, Mass. & Toronto: Lexington-Books, D.C. Heath and Company, 1982, pp. 103–110.
Excerpt: Littlechild correctly emphasizes Mises’s recognition that the conditions necessary for general equilibrium cannot be met in the real world. It is not so much that the future… More

Justice and the Market

– MacLeod, A. M. Canadian Journal of Philosophy. Vol. 13, No. 4 (December, 1983), pp. 551-561.

Hayek’s Transformation

– Caldwell, Bruce. History of Political Economy. Vol. 20, no. 4 (Winter 1988): pp. 513-541.

The Legacy of Friedrich von Hayek

– Audio, Liberty Fund: Indianapolis, 1999.
This is a collection of 7 lectures which were given between October 7 and November 13 1999 to celebrate the 100th anniversary of the birth of the Austrian economist Friedrich von Hayek. The… More

The Hayek Century

– Cassidy, John. Hoover Digest. June 2000. Adapted from The Price Prophet. New Yorker. February 7, 2000.
Summary: Economist and Hoover honorary fellow Friedrich Hayek spent seven decades extolling the supremacy of capitalism over socialism. For most of those decades, Hayek was a voice in the… More

Hayek vs. Keynes

– Bruce Caldwell, INET Conference, King’s College, Cambridge University, April 8-11, 2010.
Excerpt: Tonight I will talk briefly about the Keynes-Hayek relationship, then will focus on some of Hayek’s insights that may be of relevance today. In the process I hope to clear up… More

Why Friedrich Hayek Is Making a Comeback

– Roberts, Russ. Wall Street Journal, June 28, 2010.
Excerpt: He was born in the 19th century, wrote his most influential book more than 65 years ago, and he’s not quite as well known or beloved as the sexy Mexican actress who shares his… More

Masters Of Money – Part 2 – Friedrich Hayek

– Episode 2, BBC series, September 2012.
According to conventional wisdom, today’s global financial crisis happened because markets were not regulated enough. But what if the opposite is true? That it was excessive… More

Hayek and the Modern World: Economic Organization and Activity

– Conference, Jepson School of Leadership Studies, University of Richmond, April 12, 2013.
The Jepson School of Leadership Studies brought together invited scholars to explore economist Friedrich A. Hayek’s contributions to political economy in theory and practice and his… More

Friedrich Hayek’s Individualism and Economic Order

– Online Course, Instructor: Tyler Cowen, Marginal Revolution University, December 2013.
In this video series, Professor Tyler Cowen leads you on an essay-by-essay discussion of Friedrich Hayek’s essential economics text, Individualism and Economic Order. Why is the use… More

Teaching

The Laws of Human Relationships and of the Rules to be Derived Therefrom for Human Action

– Hermann Heinrich Gossen. Entwicklung der Gesetze des menschlichen Verkehrs und der daraus fliessenden Regeln für menschliches Handeln. Introduced by Friedrich A. Hayek. 3rd edition. Berlin: Prager, 1927, xxiii, 278 pp.
“The Laws of Human Relationships and of the Rules to be Derived Therefrom for Human Action.” Cf.: A-15. Gossen’s (1810–1858) fame rests on this one book, first published in… More

Collectivist Economic Planning: Critical Studies on the Possibilities of Socialism

Collectivist Economic Planning: Critical Studies on the Possibilities of Socialism. Edited with an Introduction and a Concluding Essay by F. A. Hayek. Contributions by N. G. Pierson, Ludwig von Mises, Georg Halm, and Enrico Barone. London: George Routledge & Sons, 1935.
Excerpt: “There is reason to believe that we are at last entering an era of reasoned discussion of what has long uncritically been assumed to be a reconstruction of society on… More

Economic Planning in Soviet Russia

– Boris Brutzkus. Economic Planning in Soviet Russia. Edited and prefaced by Friedrich A. Hayek. London: George Routledge & Sons, 1935; xvii, 234 pp.
From a review: These two volumes, together with a translation (yet to appear) of Mises’ Die Gemeinwirtschaft, constitute a formidable counterattack by laissez-faire on all forms of… More

Economics and Knowledge

– “Economics and Knowledge.” Economica N.S. 4 (February 1937): 33–54.
Excerpt: “The ambiguity of the title of this paper is not accidental. Its main subject is of course the role which assumptions and propositions about the knowledge possessed by the… More

Investment that Raises the Demand for Capital

– “Investment that Raises the Demand for Capital.” Review of Economic Statistics 19 (November 1937).
Excerpt: “The purpose of this article is to state a proposition which underlies the modern “monetary over-investment theories” of the trade cycle in a form in which, as… More

Price Expectations, Monetary Disturbances and Malinvestments

– “Price Expectations, Monetary Disturbances and Malinvestments," Profits, Interest and Investment: and Other Essays on The Theory on Industrial Fluctuations. London: Routledge & Kegan Paul, 1939.
Excerpt: “The most characteristic feature of the work of our generation of economists is probably the general endeavor to apply the methods and results of the pure theory of… More

Socialist Calculation: The Competitive ‘Solution’

– “Socialist Calculation: The Competitive ‘Solution’.” Economica N.S. 7 (May 1940): 125–149.
Excerpt: “Two chapters in the discussion of the economics of socialism may now be regarded as closed. The first deals with the belief that socialism will dispense entirely with… More

Maintaining Capital Intact: A Reply to Professor Pigou

– “Maintaining Capital Intact: A Reply [to Professor Pigou.]” Economica N.S. 8 (1941): 276–280.
Excerpt: “Professor Pigou’s defense of the conception of “maintaining capital intact” consists essentially of two parts. The first is a restatement of his own attempt to… More

The Use of Knowledge in Society

– “The Use of Knowledge in Society.” American Economic Review 35 (September 1945): 519–530.
Excerpt: “What is the problem we wish to solve when we try to construct a rational economic order? On certain familiar assumptions the answer is simple enough  if we possess all the… More

Time-Preference and Productivity: A Reconsideration

– “Time-Preference and Productivity: A Reconsideration.” Economica, N.S. no. 4, 12 (February 1945): 22–25.
Excerpt: “The question I wish here to reconsider is in the 1st instance the purely theoretical one of the relative importance, in determining the marginal productivity of investment,… More

Fuld Beskaeftigelse

– “Fuld Beskaeftigelse.” Nationalökonomisk Tidsskrift 84 (1946): 1–31.

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… More

Full Employment

– “Le plein emploi.” Economie Appliquée 1, no. 2–3, (Paris, 1948): 197–210.

Economics

– “Economics.” Chambers’ Encyclopaedia 4 (Oxford 1950).

Full Employment, Planning and Inflation

– “Full Employment, Planning and Inflation.” Institute of Public Affairs Review 4 (6) (Melbourne, Australia 1950).
Excerpt: “In the five years that have elapsed since the war, central planning, “full employment,” and inflationary pressure  have been the three features which have dominated… More

The Ideals of Economic Freedom: A Liberal Inheritance

– “The Ideals of Economic Freedom: A Liberal Inheritance,” in The Owl (London 1951), pp. 7–12.
Excerpt: “At the end of the First World War the spiritual tradition of liberalism was all but dead. True, it was still uppermost in the thoughts of many a leading figure of public and… More

Inflation Resulting from the Downward Inflexibility of Wages

– “Inflation Resulting from the Downward Inflexibility of Wages.” In: Committee for Economic Development (ed.) Problems of United States Economic Development, New York: 1958, Vol. I, pp. 147–152.
Excerpt: “Contrary to what is widely believed, the crucial results of the “Keynesian revolution” is the general acceptance of a factual assumption and, what is more, of an… More

Unions, Inflation and Profits

– “Unions, Inflation and Profits.” In: Philip D. Bradley (ed.) The Public Stake in Union Power. Charlottesville, University of Virginia Press: 1959.
Excerpt: “Tendencies are observable in the field of labor economics which most seriously threaten our future prosperity. The developments which are bringing this about are not of… More

The Economics of Abundance

– “The Economics of Abundance,” in Henry Hazlitt, ed. The Critics of Keynesian Economics. Princeton and London: Van Nostrand Co., 1960, pp. 126–130.
Excerpt: “Now in such a situation, in which abundant unused reserves of all kinds of resources, including all intermediate products, exist, may occasionally prevail in the depths of… More

The ‘Non Sequitur’ of the ‘Dependence Effect’

– “The ‘Non Sequitur’ of the ‘Dependence Effect’.” The Southern Economic Journal 27 (April 1961).
Excerpt: “For well over a hundred years the critics of the free enterprise system have resorted to the argument that if production were only organized rationally, there would be no… More

The Moral Element in Free Enterprise

– “The Moral Element in Free Enterprise.” In: National Association of Manufacturers (eds.) The Spiritual and Moral Significance of Free Enterprise. New York: 1962.
Excerpt: “Economic activity provides the material means for all our ends. At the same time, most of our individual efforts are directed to providing means for the ends of others in… More

The Economy, Science and Politics

– "The Economy, Science and Politics,” Studies in Philosophy, Politics and Economics. London: Routledge & Kegan Paul, 1967/1969,  pp.251-269.
Excerpt: “In spite of the fact that at least the first half of my career as an economist has been fully devoted to pure theory, and because I have since devoted much time to subjects… More

Dr. Bernard Mandeville

– “Dr. Bernard Mandeville.” Proceedings of the British Academy 52 (1966), London 1967.
Excerpt: “It is to be feared that not only would most of Bernard Mandeville’s contemporaries turn in their graves if they could know that he is today presented as a mastermind… More

The Results of Human Action but not of Human Design

– Résultats de l'action des hommes mais non de leurs desseins.” In: Les Fondements Philosophiques des Systèmes Economiques. Textes de Jacques Rueff et essais rédiges en son honneur. (Paris 1967).
Excerpt: “The belief in the superiority of deliberate design and planning over the spontaneous forces of society enters European thought explicitly only through the rationalist… More

Legal Order and Commercial Order

– “Rechtsordnung und Handelnsordnung.” In Eric Streissler (ed.), Zur Einheit der Rechts-und Staatswissenschaften, Vol. 27. Karlsruhe, 1967.

Freiburg Studies: Collected Essays

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

Note on Professor Hayek’s ‘True Theory of Unemployment’

– Johr, W.A. “Note on Professor Hayek's ‘True Theory of Unemployment.’” Kyklos 30, no. 4 (1970): 713–723
Excerpt: “Prof. Hayek is an economist whose prestige, acquired by his writings on problems of economics and social philosophy, stands high. Consequently, every work he publishes… More

Inside The Hayek Equation

– YouTube video, Liberty in Our Time.
Friedrich August von Hayek discusses economics and philosophy with students at Stanford University in the 1970’s.

The Repercussions of Rent Restrictions

– "The Repercussions of Rent Restrictions,” in F. A. Hayek, Milton Friedman, et al. Rent Control: A Popular Paradox. Evidence on The Effects of Rent Control. Vancouver: The Fraser Institute, 1975, pp. 67–83.
Excerpt: “A unique feature of price control in housing compared with that in other goods and services is that wartime housing regulations have been retained and enforced ever since.… More

The Pretense of Knowledge

– “The Pretence of Knowledge.” An Alfred Nobel Memorial Lecture, delivered December 11, 1974 at the Stockholm School of Economics. In Les Prix Nobel en 1974. Stockholm: Nobel Foundation, 1975.
Excerpt: “The particular occasion of this lecture, combined with the chief practical problem which economists have to face today, have made the choice of its topic almost inevitable.… More

Hayek and Keynes: A Retrospective Assessment

– O'Driscoll, Jr. Gerald P. “Hayek and Keynes: A Retrospective Assessment.” Iowa State University Department of Economics Staff Paper No. 20. Ames, Iowa: Xerox 1975. [Paper prepared for the Symposium on Austrian Economics, University of Hartford, June 22–28, 1975.]

Adam Smith’s Message in Today’s Language

– “Adam Smith's Message in Today's Language.” Daily Telegraph, London (March 9, 1976.)
Excerpt: “During the 40-odd years over which I have been lecturing on the history of economics, I have always found the lectures on Adam Smith particularly difficult to give. By the… More

Capitalism and the Historians

– Hartwell, Ronald Max. “Capitalism and the Historians.” In Fritz Machlup, ed. Essays on Hayek. New York: New York University Press, 1976, pp. 73–94.

Rereading von Hayek

– Leduc, G. “En rélisant von Hayek.” Revue d'Economie Politique 86 (1976): 491–494.

Friedrich A. Hayek: Nobel Prizewinner

– Shearmur, Jeremy.  “Friedrich A. Hayek: Nobel Prizewinner.” In Fritz Machlup, ed., Essays on Hayek. New York: New York University Press, 1976, pp. 171–176.

Competition as a Discovery Procedure

– “Competition as a Discovery Procedure.” New Studies in Philosophy, Politics, Economics and the History of Ideas. London: Routledge & Kegan Paul, 1978.
Excerpt: “It is difficult to defend economists against the charge that for some 40 to 50 years they have been discussing competition on assumptions that, if they were true in the real… More

Coping with Ignorance

– “Coping with Ignorance.” Ludwig von Mises Memorial Lecture. Imprimis (Hillsdale College) 7 (July 1978) 6 pp.
Excerpt: “It is to me not only a great honor but also the discharge of an intellectual duty and a real pleasure to be allowed to deliver a Ludwig von Mises memorial lecture. There is… More

Exploitation of Workers by Workers

– “Exploitation of Workers by Workers.” The last of three talks given by Professor F. A. Hayek under the title, “The Market Economy” (Radio 3, BBC). The Listener (August 17, 1978): 202–203.

Time in Economics vs. Economics in Time. The ‘Hayek Problem

– Boland, L.A. “Time in Economics vs. Economics in Time. The ‘Hayek Problem.’” In The Canadian Journal of Economics (Canadian Economic Association) Toronto, 2, no. 2 (1978): 240–262.
Excerpt: “Several notable writers have recently charged that neoclassical economics is ‘timeless.’ But strictly speaking neoclassical economics is not timeless. Indeed,… More

James Buchanan interviews Friedrich A. Hayek

– The Hayek Interviews, Universidad Francisco Marroquín, October 28, 1978.
The dynamic development of laws interacting with legislation and politicians is discussed by Friedrich Hayek in this interview with James Buchanan. Examining the concept of social justice,… More

Armen A. Alchian interviews Friedrich A. Hayek (2 parts)

– The Hayek Interviews, Universidad Francisco Marroquín, November 11, 1978.
In this interview focusing on Hayek’s personal life, the importance of early academic experiences in his life are explored. Once in academia, his popular seminar and some of his… More

Hayek or the Political Economy of Liberty

– Lepage, Henri. “Hayek ou l’économie politique de la liberté.” [“Hayek or the Political Economy of Liberty”]. Part 6 of Demain le libéralism [“Tomorrow Liberalism”]. Paris: Le Livre de Poche (8358L), Collection Pluriel, 1980, pp. 409–453.

Hayek on Socialism

– Steele, David Ramsey. “Hayek on Socialism.” Unpublished paper presented to The Carl Menger Society Conference entitled “Hayek—An Introductory Course,” London, Dec. 6, 1980.

Socialism: An Economic and Sociological Analysis

– Ludwig von Mises. Socialism: An Economic and Sociological Analysis. Translated by Jacques Kahane. 1981 Introduction by F.A. Hayek. Indianapolis: LibertyClassics, 1981
Hayek’s Foreward pays tribute to Mises for the anti-socialist impact that Mises’ Die Gemeinwirtschaft: Untersuchungen über den Sozialismus (Jena: Gustav Fischer, 1922) created on… More

The Political Economy of F.A. Hayek

– Gordon, Scott. “The Political Economy of F.A. Hayek.” Canadian Journal of Economics 14 (1981): 470–487.
Excerpt: “Why should a book on political philosophy be reviewed in an economics journal? If one reads the “Note to contributors” published regularly on the back cover of this… More

Mises, Hayek, Hahn and The Market Process: Comment on Littlechild

– White, Lawrence H. “Mises, Hayek, Hahn and The Market Process: Comment on Littlechild.” In Method, Process, and Austrian Economics: Essays in Honor of Ludwig von Mises. Edited by Israel M. Kirzner. Lexington, Mass. & Toronto: Lexington-Books, D.C. Heath and Company, 1982, pp. 103–110.
Excerpt: Littlechild correctly emphasizes Mises’s recognition that the conditions necessary for general equilibrium cannot be met in the real world. It is not so much that the future… More

Justice and the Market

– MacLeod, A. M. Canadian Journal of Philosophy. Vol. 13, No. 4 (December, 1983), pp. 551-561.

Hayek’s Transformation

– Caldwell, Bruce. History of Political Economy. Vol. 20, no. 4 (Winter 1988): pp. 513-541.

The Legacy of Friedrich von Hayek

– Audio, Liberty Fund: Indianapolis, 1999.
This is a collection of 7 lectures which were given between October 7 and November 13 1999 to celebrate the 100th anniversary of the birth of the Austrian economist Friedrich von Hayek. The… More

The Hayek Century

– Cassidy, John. Hoover Digest. June 2000. Adapted from The Price Prophet. New Yorker. February 7, 2000.
Summary: Economist and Hoover honorary fellow Friedrich Hayek spent seven decades extolling the supremacy of capitalism over socialism. For most of those decades, Hayek was a voice in the… More

Hayek vs. Keynes

– Bruce Caldwell, INET Conference, King’s College, Cambridge University, April 8-11, 2010.
Excerpt: Tonight I will talk briefly about the Keynes-Hayek relationship, then will focus on some of Hayek’s insights that may be of relevance today. In the process I hope to clear up… More

Why Friedrich Hayek Is Making a Comeback

– Roberts, Russ. Wall Street Journal, June 28, 2010.
Excerpt: He was born in the 19th century, wrote his most influential book more than 65 years ago, and he’s not quite as well known or beloved as the sexy Mexican actress who shares his… More

Masters Of Money – Part 2 – Friedrich Hayek

– Episode 2, BBC series, September 2012.
According to conventional wisdom, today’s global financial crisis happened because markets were not regulated enough. But what if the opposite is true? That it was excessive… More

Hayek and the Modern World: Economic Organization and Activity

– Conference, Jepson School of Leadership Studies, University of Richmond, April 12, 2013.
The Jepson School of Leadership Studies brought together invited scholars to explore economist Friedrich A. Hayek’s contributions to political economy in theory and practice and his… More

Friedrich Hayek’s Individualism and Economic Order

– Online Course, Instructor: Tyler Cowen, Marginal Revolution University, December 2013.
In this video series, Professor Tyler Cowen leads you on an essay-by-essay discussion of Friedrich Hayek’s essential economics text, Individualism and Economic Order. Why is the use… More