All Posts Tagged With: "Hayek"
Hayek versus Keynes
George Selgin, professor of economics at the University of Georgia’s Terry College of Business and a Freeman contributor, debated Robert Skidelsky of the University of Warwick on the merits of F. A. Hayek’s and John Maynard Keynes’s views on booms and busts. The debate was held at the London School of Economics, where Hayek taught [...]
9Aug2011 | Sheldon Richman | 1 comment | ContinuedThe Bourne Pronouncement
War is indeed the health of the State, all States, and ipso facto the enemy of individual freedom.
30Nov2010 | Sandy Ikeda | 10 comments | ContinuedAddressing Local Knowledge
Friedrich Hayek argued that “local knowledge” or “particular knowledge of time and place,” such as rules of thumb or skills learned by doing, is more important than the kind of knowledge that can be written down and objectively conveyed.
3Aug2010 | Sandy Ikeda | 4 comments | ContinuedHappy Birthday, F. A. Hayek
F. A. Hayek, Austrian economist, social philosopher, and champion of liberty, was born on this day in 1899. Read Pete Boettke’s 1992 appreciation of Hayek and Mario Rizzo’s tribute. The Concise Encyclopedia of Economics biographical entry is here.
8May2010 | Sheldon Richman | 1 comment | ContinuedFEE Influences Volokh Conspiracy
Todd Zwicki gave FEE a nice shout out yesterday over at the Volokh Conspiracy. While none of FEE’s books made his list of “Top 10 most influential“, he does credit us with introducing him to ideas and authors. The list itself is worth taking a look at. Number #1 is “Law, Legislation and Liberty: Volume [...]
25Mar2010 | Mike Van Winkle | 0 comments | ContinuedThe Market Doesn’t Ration Health Care
Health care “reformers” say they have two objectives: to enable the uninsured and underinsured to consume more medical services than they consume now and to keep the prices of those services from rising, as they have been, faster than the prices of other goods and services. Unfortunately, Economics 101 tells us that to accomplish those [...]
24Feb2010 | Sheldon Richman | 9 comments | ContinuedUnintended Consequences
In two earlier Freeman essays, I explored the idea that “ought implies can” and the role of profits in providing knowledge about how best to serve others. Both insights rely on the foundational idea that intentions and results are not the same thing. Thinking we ought to do something does not mean it will have [...]
24Feb2010 | Steven Horwitz | 31 comments | ContinuedKeynes vs. Hayek Rap
The great debate between Keynes and Hayek finally makes it to rap — thanks to Russell Roberts. Watch and enjoy.
26Jan2010 | Sheldon Richman | 2 comments | ContinuedA Failure of Capitalism: The Crisis of ’08 and the Descent into Depression
Richard Posner’s latest book belongs to the fast-expanding cottage industry of financial crisis books. A federal judge with a grounding in economics, Posner would seem to be an ideal person to tackle this complicated subject. Alas, he provides neither fresh material nor an interesting perspective. Posner describes well-known events—the failure of investment banks Bear Stearns [...]
5Jan2010 | Chidem Kurdas | 1 comment | ContinuedFrom 1944 to Nineteen Eighty-Four
A longer version of this article appears here. 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. Both valued freedom, though they understood it differently. Orwell, a man of the “left,” could not remain silent in the [...]
18Nov2009 | Sheldon Richman | 1 comment | ContinuedCompetition
Give Me a Break! Competition by John Stossel John Stossel is the hosts of Stossel on Fox Business and the author of Myths, Lies, and Downright Stupidity: Get Out the Shovel—Why Everything You Know is Wrong. Copyright 2009 by JFS Productions, Inc. Distributed by Creators Syndicate, Inc. “Choice, competition, reducing costs—those are the things that [...]
23Oct2009 | John Stossel | 1 comment | ContinuedThe Real Meaning of Privilege
“They live in an expensive mansion, fly first-class to foreign countries, and eat at the finest restaurants. They send their kids to private schools. They’re so privileged.” How often have you heard some variant of the lines above? I’d bet it’s a lot. Yet, typically, the word “privileged” is inaccurate. We certainly all know or [...]
23Sep2009 | David R. Henderson | 11 comments | ContinuedTGIF: 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. The rest of TGIF is here.
4Sep2009 | Sheldon Richman | 0 comments | ContinuedMust-Read on Health Care
I exaggerate only slightly — and I mean slightly — when I say that all you really need to read on the healthcare debate is Steve Horwitz’s Freeman article “Profit: Not Just a Motive.”No one who is ignorant of these arguments can be counted as a serious participant in the debate.
17Aug2009 | Sheldon Richman | 0 comments | ContinuedF.A. Hayek and the Fatal Conceit of Barack Obama
Steve Horwitz, a frequent FEE lecturer and Freeman author, has a must-read op-ed in the Richmond Times-Dispatch on Barack Obama’s “fatal conceit.” Read it here.
4Aug2009 | Sheldon Richman | 2 comments | ContinuedSotomayor, Freedom, and the Law
The dreary Senate hearing on the nomination of Judge Sonia Sotomayor to the U.S. Supreme Court left me so in the doldrums that my only chance for solace was to dig out my copy of Freedom and the Law (1961) by Bruno Leoni. Leoni (1913-1967) was a professor of legal theory and a lawyer in [...]
17Jul2009 | Sheldon Richman | 0 comments | ContinuedMainstream Macro in an Austrian Nutshell
While the events that have unfolded over the past year have required some outside-the-box theorizing by mainstream macroeconomists, the econo-mists of the Austrian school can offer a straightforward, fill-in-the-blanks explanation by drawing on the theory first articulated by Ludwig von Mises and then developed by Friedrich A. Hayek.
24Apr2009 | Roger W. Garrison | 15 comments | Continued-
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