All Posts Tagged With: "F. A. Hayek"
From 1944 to Nineteen Eighty-Four
I’m inclined to think of George Orwell and F. A. Hayek at the same time. Both showed great courage in writing the truth, undaunted by the consequences awaiting them. Both valued freedom, though they understood it differently. Orwell, a man of the “left,” could not remain silent in the face of the horrors of Stalinism. [...]
4Sep2009 | Sheldon Richman | 0 comments | ContinuedHuman Action, 1949: A Dramatic Episode in Intellectual History
A great book, it has been remarked, is like a great castle. It can be viewed from many different angles, each offering a unique perspective. Viewing Ludwig von Mises’s monumental work from the vantage of 2009 permits one to see with great clarity one fascinating aspect of the book–the sheer drama of its emergence at [...]
19Aug2009 | Israel M. Kirzner | 5 comments | ContinuedHuman Action: The 60th Anniversary
We are celebrating the 60th anniversary of a great book, Human Action: A Treatise on Economics, by a learned man and a clear thinker: the Austrian economist Ludwig von Mises. It presents Mises’s understanding–after long years of study and thought–of how the market economy functions. It is a major contribution to human knowledge. Interventionist ideas [...]
19Aug2009 | Bettina Bien Greaves | 2 comments | ContinuedOn the Austrian Theory of the Trade Cycle, Part I
One of the most vivid memories of my undergraduate years is of sitting for hours in my carrel in the old Polk Library at Nicholls State University and reading F.A. Hayek’s Monetary Theory and the Trade Cycle and his Prices and Production. These books on the economic cycles of booms and busts are among the [...]
20Jan2009 | Donald J. Boudreaux | 5 comments | ContinuedBook Reviews – December 2008
Is the Welfare State Justified? by Daniel Shapiro Cambridge University Press • 2007 • 309 pages • $80.00 hardcover; $27.99 paperback Reviewed by George C. Leef Americans have lived with the welfare state for so long—more than 70 years—that for most, it is simply a fact of life. Asking whether it is justified would seem [...]
1Dec2008 | George C. Leef | 0 comments | ContinuedThe Current Economic Crisis and the Austrian Theory of the Business Cycle
Richard Ebeling is completing his tenure as the president of FEE. This fall he will teach economics at Trinity College in Hartford, Conn. The current financial crisis emerged out of an economic boom that began in 2003 and saw rising stock values, increasing home prices, and high levels of employment and production. The upturn followed [...]
1Jun2008 | Richard M. Ebeling | 4 comments | ContinuedAre High Taxes the Basis of Freedom and Prosperity?
In the November 2006 Scientific American, Jeffrey Sachs, economic consultant to governments and the UN, argues (yet again) for higher U.S. taxes and more government officials with ever-increasing powers over their subjects. These perennial and inevitable conclusions are hung (here) on a Nordic peg. According to Sachs, F. A. Hayek, “the Austrian-born free-market economist, . [...]
1Oct2007 | Sudha R. Shenoy | 10 comments | ContinuedThe Intellectual Defense of Liberty
All too often defenders of free-market capitalism base their defense on the demonstration that free markets allocate resources more efficiently and hence lead to greater wealth than socialism and other forms of statism. While that is true, as Professor Milton Friedman frequently pointed out, economic efficiency and greater wealth should be seen and praised as [...]
1Oct2007 | Walter E. Williams | 0 comments | ContinuedSocialism after Hayek
By Theodore A. Burczak Reviewed by Richard M. Ebeling
1Jul2007 | FEE Admin | 0 comments | ContinuedHayek, Coase, and Buchanan on the Market Process
Donald Boudreaux is chairman of the economics department at George Mason University. Compared to most other economists, my George Mason University colleagues and I put more emphasis on books than articles. Tyler Cowen, one of my most accomplished colleagues, often describes GMU Economics as a “book department.” This affection for books doesn’t mean that we ignore [...]
1Jun2007 | Donald J. Boudreaux | 2 comments | ContinuedEconomic Calculation in the Corporate Commonwealth
The general lines of Ludwig von Mises’s rational-calculation argument are well known. A market in factors of production is necessary for pricing production inputs so that a planner may allocate them rationally. The problem has nothing to do either with the volume of data or with agency problems. The question, rather, as Peter Klein put [...]
1Jun2007 | Kevin A. Carson | 21 comments | ContinuedThe Great Contraction, 1929–33
The recession that began in mid-1929 need not have become a disaster. Many downturns had occurred previously in U.S. economic history, and nearly all of them had been fairly shallow and soon followed by recovery and continued growth. In the nineteenth century most people had believed that the government neither knew how nor possessed the [...]
1Apr2007 | Robert Higgs | 0 comments | ContinuedHayek on Closed Shops and Yellow Dogs
Charles Baird is a professor of economics and the director of the Smith Center for Private Enterprise Studies at California State University at East Bay . In my December 2006 column I discussed some of Hayek’s classical-liberal views on the rule of law and labor unions. In brief, Hayek approved of voluntary unionism based on [...]
1Apr2007 | Charles W. Baird | 0 comments | ContinuedTolls on the Road to Serfdom
D.W. MacKenzie is an assistant professor of economics and finance at SUNY Plattsburgh. Many people think their taxes are too high and that the tax system is unfair. While those who favor individual liberty might find this encouraging, the specific reasons for discontent are not entirely positive. Many Americans think the current system is unfair [...]
1Apr2007 | D.W. MacKenzie | 0 comments | ContinuedThe Euro versus Currency Competition
It is now four years since the euro was introduced as a circulating currency in parts of the European Union. Both Europeans and others are becoming increasingly used to a single money in much of the continent. If the euro remains in use for another five or ten years people may well look back at [...]
1Jan2007 | Richard M. Ebeling | 0 comments | ContinuedEconomists Against Economics
Five economists who either won the Nobel Prize in economics or who served as president of the American Economic Association—and three who did both—recently joined over 600 other economists in urging the federal government to increase the minimum wage. The signatures were gathered by the union-backed Economic Policy Institute (EPI), which unsurprisingly supports substantial government [...]
1Dec2006 | Sheldon Richman | 1 comment | ContinuedBook Reviews – December 2006
- The Ethics of the Market
by John Meadowcroft Reviewed by Richard M. Ebeling
- Peddling Panaceas: Popular Economists _in the New Deal Era
by Gary Dean Best Reviewed by Burton Folsom, Jr
- Philosophers of Capitalism: _Menger, Mises, Rand, and Beyond
by Edward W. Younkins Reviewed by Aeon J. Skoble
- Winning the Race: Beyond the Crisis in _Black America
by John McWhorter Reviewed by George C. Leef
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