Liberty, Responsibility, and the Problem of ‘Two Worlds’ in F. A. Hayek and Adam Smith
ABSTRACT
This conference considered F. A. Hayek's understanding of Adam Smith's thought in light of Hayek's relative neglect of Smith's Theory of Moral Sentiments. Does Hayek's reading of Smith distort Smith's philosophy? Is there a place of beneficent behavior in the Great Society that Hayek envisions?
READING LIST
From Liberty Fund
The Trend of Economic Thinking
by
By F. A. Hayek
Edited by W. W. Bartley, III and Stephen Kresge
In The Trend of Economic Thinking Hayek presents many of the figures that influenced the development of his economic thought. The articles range from well-known economists such as Mandeville, Hume, Smith, and Bastiat, to lesser-known figures such as Dupuit and Gossen, showing the breadth of Hayek’s study of the history…
An Inquiry into the Nature and Causes of the Wealth of Nations (vol. 1)
by
By Adam Smith
Edited by R. H. Campbell and A. S. Skinner
William B. Todd, Textual Editor
First published in 1776, the year in which the American Revolution officially began, Smith’s Wealth of Nations sparked a revolution of its own. In it Smith analyzes the major elements of political economy, from market pricing and the division of labor to monetary, tax, trade, and other government policies that…
An Inquiry into the Nature and Causes of the Wealth of Nations (vol. 2)
by
By Adam Smith
Edited by R. H. Campbell and A. S. Skinner
William B. Todd, Textual Editor
First published in 1776, the year in which the American Revolution officially began, Smith’s Wealth of Nations sparked a revolution of its own. In it Smith analyzes the major elements of political economy, from market pricing and the division of labor to monetary, tax, trade, and other government policies that…
Additional Readings
Hayek, F. A. Individualism and Economic Order. Chicago: University of Chicago Press, 1996.
Hayek, F. A. The Collected Works of F. A. Hayek, Volume I: The Fatal Conceit: The Errors of Socialism. Edited by W. W. Bartley III. Chicago: The University of Chicago Press, 1988.
Hayek, F. A. The Constitution of Liberty: The Definitive Edition (The Collected Works of F. A. Hayek, Volume XVII). Edited by Ronald Hamowy. Chicago: University of Chicago Press, 1960, 2011.
Hayek, Friedrich A. Law, Legislation, and Liberty, Volume 2: The Mirage of Social Justice. Chicago: University of Chicago Press, 1978.
Smith, Adam. The Theory of Moral Sentiments. Indianapolis: LibertyClassics, 1969, 1976.