Hayek: A Collaborative Biography: Part III, Fraud, Fascism and Free Market Religion (Archival Insights into the Evolution of Economics)

F.A. Hayek (1899-1992), the co-leader of the Austrian free market school, embraced the transparently fraudulent assertion made by Donald McCormick, aka Richard Deacon, in The British Connection which accused A.C. Pigou, the co-leader of the Cambridge market failure school, of being a Soviet spy. In 1984, F.A. Hayek, the co-leader of the Austrian free market neo-classical school, embraced the transparently fraudulent assertion made by Donald McCormick, aka Richard Deacon, in The British Connection (1979) which accused A.C. Pigou, the co-leader of the Cambridge market failure neo-classical school, of being a Soviet spy. Over lunch at the Reform Club with 'Deacon' McCormick, the former Sunday Times Foreign Manager, Hayek authenticated the fraudulent signature contained in a 1905 diary - the essence of the case against Pigou. In this third volume of Hayek: A Collaborative Biography, a distinguished collection of academics and specialists examine 'Deacon' McCormick's fraudulent career: summarizing the large volume of incriminating evidence that was available to Hayek in 1984. Hayek's 1931 unsubstantiated assertion about having predicted the Great Depression was obviously matched by other equally unreliable assertions. That Hayek's assertions have been uncritically repeated by his disciples illuminates dynamics of that school. Austrian School economists who promote financial sector deregulation and climate change denial appear to resemble a free market religion rather than the scientific communities examined in other volumes in this series In 1984, F.A. Hayek, the co-leader of the Austrian free market neo-classical school, embraced the transparently fraudulent assertion made by Donald McCormick, aka Richard Deacon, in The British Connection (1979) which accused A.C. Pigou, the co-leader of the Cambridge market failure neo-classical school, of being a Soviet spy. Over lunch at the Reform Club with 'Deacon' McCormick, the former Sunday Times Foreign Manager, Hayek authenticated the fraudulent signature contained in a 1905 diary 6 the essence of the case against Pigou. In this third volume of Hayek: A Collaborative Biography, a distinguished collection of academics and specialists examine 'Deacon' McCormick's fraudulent career: summarizing the large volume of incriminating evidence that was available to Hayek in 1984. Hayek's 1931 unsubstantiated assertion about having predicted the Great Depression was obviously matched by other equally unreliable assertions. That Hayek's assertions have been uncritically repeated by his disciples illuminates dynamics of that school. Austrian School economists who promote financial sector deregulation and climate change denial appear to resemble a free market religion rather than the scientific communities examined in other volumes in this series Front Matter....Pages i-xii Front Matter....Pages 1-1 Introduction....Pages 3-27 History’s Greatest Fraud?....Pages 28-70 The ‘Deacon’ McCormick Papers....Pages 71-72 Insights from one of ‘Deacon’ McCormick’s Research Assistants....Pages 73-76 Front Matter....Pages 77-77 The Triumph of Rhetoric: Pigou as Keynesian Whipping Boy and its Unintended Consequences....Pages 79-126 Wilfrid Noyce....Pages 127-136 Front Matter....Pages 137-137 Hayek and ‘Deacon’ McCormick: Testing Austrian Knowledge....Pages 139-188 Professional Assessments....Pages 189-200 ‘Deacon’ McCormick and the Madoc Myth....Pages 201-213 Assessing ‘Deacon’ McCormick from the Perspective of the Intelligence Community....Pages 214-228 Authoritative Sources: The Information Research Department, Journalism and Publishing....Pages 229-235 Donald McCormick: 2 + 2 = 5....Pages 236-256 The Fake Hitler Diary....Pages 257-261 Sources and ‘The Use of Knowledge in Society’....Pages 262-294 Back Matter....Pages 295-302 "Fifteen scholars have collaborated to provide a comprehensive analysis of the life and work of one of the most influential economists of all time. The authors include the Official Historian of the Reserve Bank of Australia (Selwyn Cornish), the Director of the von Mises Institute (Douglas French), Hayek's second General Editor (Stephen Kresge), the founder of est (Werner Erhard), plus seven Professors - of Economics (David Laidler, Viktor Vanberg and Robert Leeson), Economic History (Avner Offer and Jan-Otmar Hesse), Politics (Melissa Lane) and Social Policy (Nils Goldschmidt). The Universities represented include Stanford, Princeton, Oxford, Bielefeld, Western Ontario, Uppsala and Freiburg. This is the first time that such a distinguished collection of scholars--from a variety of perspectives--have attempted to integrate Hayek's life, work and influence on world history with the archival evidence."-- Provided by publisher PART I: FRAUD 1. Introduction-- Robert Leeson 2. History's Greatest Fraud?--Robert Leeson 3. The 'Deacon' McCormick Papers-- Ian Sayer 4. Insights from 'Deacon' McCormick's Research Assistant-- Nigel West PART II: VICTIMS 5. The Triumph of Rhetoric: Pigou as Keynesian Whipping Boy and its Unintended Consequences-- Robert Leeson and Daniel Schiffman 6. Wilfrid Noyce-- Stewart Hawkins PART III: EVIDENCE 7. Hayek and 'Deacon' McCormick: Testing Austrian Knowledge-- Robert Leeson 8. Professional Assessments-- Robert Leeson 9. 'Deacon' McCormick and the Madoc Myth-- Howard Kimberley 10. An 'Intelligence' Perspective-- Daniel Baldino 11. 2 + 2 = 5-- Richard Spence 12. Authoritative Sources: The Information Research Department, Journalism and Publishing-- John Jenks 13. The Hitler Diary Fraud-- Gerhard Weinberg 14. Sources, and the Use of Knowledge in Society-- Robert Leeson Part I Influences, from Mises to Bartley. Part II Austria, America and the rise of Hitler, 1899-1933. Part III Fraud, fascism and free market religion. Part IV England, the Ordinal Revolution and The Road to Serfdom, 1931-50. Part V Hayek's great society of free men. Part VI Good dictators, sovereign producers and Hayek's 'Ruthless consistency' Part IX Divine Right of the 'Free' Market edited by Robert Leeson. Includes bibliographical references and index. This is the first collaborative biography of Hayek. Some of the world's most distinguished scholars will integrate the archival evidence with Hayek's published writings to illuminate the process by which Hayek changed the direction of world history. Electronic book text. - Epublication based on: 9781137452412