The Collected Works of F. A. Hayek

  • Business Cycles, Part I

    by F. A. Hayek

    In the years following its publication, F. A. Hayek’s pioneering work on business cycles was regarded as an important challenge to what later became known as Keynesian macroeconomics. Today, as debates rage on over the monetary origins of the current economic and financial crisis, economists are once again paying heed to Hayek’s thoughts on the repercussions of excessive central bank…

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  • Business Cycles, Part II

    by F. A. Hayek

    In the years following its publication, F. A. Hayek’s pioneering work on business cycles was regarded as an important challenge to what later became known as Keynesian macroeconomics. Today, as debates rage on over the monetary origins of the current economic and financial crisis, economists are once again paying heed to Hayek’s thoughts on the repercussions of excessive central bank…

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  • Contra Keynes and Cambridge

    by F. A. Hayek

    Contra Keynes and Cambridge is composed of three parts: Part I consists of two essays, the first being a recollection by Hayek of his time at the London School of Economics in the 1930s, followed by his contribution to an early debate about the paradox of saving; Part II reprints the full debates between Hayek and Keynes in Economica in…

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  • The Fortunes of Liberalism

    by F. A. Hayek

    In this collection of essays, some of which appear here in English for the first time, F. A. Hayek traces his intellectual roots to the Austrian School. The Fortunes of Liberalism: Essays on Austrian Economics and the Ideal of Freedom also links the Austrian School to the modern rebirth of classical liberal thought. F. A. Hayek (1899–1992), recipient of the…

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  • Good Money, Part I

    by F. A. Hayek

    Hayek’s deep interest in the concept of money and its role within the economy is developed in Good Money, Part I. Consisting of seven of Hayek’s most significant monetary writings from the 1920s, this collection focuses on his critique of the idea that price stabilization is consistent with the stabilization of foreign exchange. F. A. Hayek (1899–1992), recipient of the…

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  • Good Money, Part II

    by F. A. Hayek

    This complementary volume provides five additional essays to expand our understanding of Hayek’s ideas about money and monetary policy. Good Money, Part II: The Standard investigates the consequences of the “predicament of composition” which led to one of Hayek’s most controversial proposals: that governments should be denied a monopoly on the coining of money. F. A. Hayek (1899–1992), recipient of…

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  • Hayek on Hayek

    by F. A. Hayek

    This volume gives readers insight into F. A. Hayek’s life and ideas. This detailed chronology depicts Hayek’s early life and education, his intellectual progress, and the academic and public reception of his ideas through a series of oral history interviews. Hayek’s own autobiographical notes are included. F. A. Hayek (1899–1992), recipient of the Medal of Freedom in 1991 and co-winner…

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  • The Pure Theory of Capital

    by F. A. Hayek

    First published in 1941, The Pure Theory of Capital has long been overlooked. This volume offers a detailed account of the equilibrium relationships between inputs and outputs in a time-filled economy. Hayek’s stated objective was to make capital theory—which had previously been devoted almost entirely to the explanation of interest rates—“useful for the analysis of the monetary phenomena of the…

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  • Socialism and War

    by F. A. Hayek

    In the essays in this volume Hayek contributed to economic knowledge in the context of socialism and war, while providing an intellectual defense of a free society. The connection between the two topics is illuminated through essays containing some of Hayek’s contributions to the socialist-calculation debate, writings pertaining to war, and the cult of scientific economic planning from the late…

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  • Studies on the Abuse and Decline of Reason

    by F. A. Hayek

    F. A. Hayek never published the grand project he conceived in a letter to Fritz Machlup in 1939. As described in the introduction, this work would “incorporate intellectual history, methodology, and an analysis of social problems, all aimed at shedding light on the consequences of socialism.” He told Machlup that “a series of case studies should come first, . .

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  • The Trend of Economic Thinking

    by F. A. Hayek

    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 of economic thought. F. A. Hayek (1899–1992), recipient of the…

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