The economics of Friedrich Hayek : Ebook. - Originally published in: 2007

By his intellectual contributions in economics, epistemology, ethics, law, philosophy, politic, and psychology, Friederich Hayek has come closest to a unified theory of human action. The central theme is of a natural and spontaneous evolution--founded upon essentially competitive processes, the cultural selection of systems an rules brings order to human affairs. While this book is both comprehensive and concise, Hayek's economics cannot be discussed in isolation. So the author attempts to present an economist's understanding of that which any economist ought to know, or, in Hayek's own terms, "nobody can be a great economist who is only an economist." The book is a comprehensive account of Frederich Hayek's intellectual achievements. In this updated and expanded edition, the author explores the broad features of Hayek's economic philosophy, shows the interrelationship between the liberal philosophy and economic advance, examines Hayek's approach to the problems of a money economy, and explains Hayek's aversion to all forms of centralized economic planning. Booknews Steele (economics, Lancaster U., England) does not try to isolate the economic thought of Hayek (1899-1992), but presents an economist's understanding of the whole range of his contributions in epistemology, ethics, law, philosophy, politics, and psychology as well as his work in the Austrian school of economics. Annotation c. Book News, Inc., Portland, OR (booknews.com) In this updated and expanded edition, the author explores the broad features of Hayek's economic philosophy, shows the interrelationship between the liberal philosophy and economic advance, examines Hayek's approach to the problems of a money economy, and explains Hayek's aversion to all forms of centralized economic planning. By his intellectual contributions in economics, epistemology, ethics, law, philosophy, politic and psychology, Friederich Hayek has come closest to a unified theory of human action. The central theme is of a natural and spontaneous evolution - founded upon essentially competitive processes, the cultural selection of systems an rules brings order to human affairs. While this book is both comprehensive and concise, Hayek's economics cannot be discussed in isolation. So the author attempts to present an economist's understanding of that which any economist ought to know, or, in Hayek's own terms, "nobody can be a great economist who is only an economist". The book is a comprehensive account of Frederich Hayek's intellectual achievements. In this updated and expanded edition, the author explores the broad features of Hayek's economic philosophy, shows the interrelationship between the liberal philosophy and economic advance, examines Hayek's approach to the problems of a money economy, and explains Hayek's aversion to all forms of centralized economic planning By his intellectual contributions in economics, epistemology, ethics, law, philosophy, politic and psychology, Friederich Hayek has come closest to a unified theory of human action. The central theme is of a natural and spontaneous evolution - founded upon essentially competitive processes, the cultural selection of systems an rules brings order to human affairs. While this book is both comprehensive and concise, Hayek's economics cannot be discussed in isolation. So the author attempts to present an economist's understanding of that which any economist ought to know, or, in Hayek's own terms, 'nobody can be a great economist who is only an economist'. The book is a comprehensive account of Frederich Hayek's intellectual achievements. In this updated and expanded edition, the author explores the broad features of Hayek's economic philosophy, shows the interrelationship between the liberal philosophy and economic advance, examines Hayek's approach to the problems of a money economy, and explains Hayek's aversion to all forms of centralized economic planning. By his intellectual contributions in economics, epistemology, ethics, law, philosophy, politic and psychology, Friederich Hayek has come closest to a unified theory of human action. This book is an account of Frederich Hayek's intellectual achievements. It explores the broad features of Hayek's economic philosophy " ... A most exhaustive and thorough examination of Hayek's work which reads clearly and lucidly."--Milton Friedman, Hoover Institution 'An admirable achievement' - Bruce J. Caldwell, Advances in Austrian Economics 'If one were to read only one book about Hayek, this should be it. Rather than criticising Hayek's work, Steele aims to present an account of Hayek's work that is both comprehensive and concise. In this aim the author succeeds most admirably.' - Karen I. Vaughn, Journal of Economic Literature 'His writing style is even, scholarly and readable, and his positive restatement of Hayekian thought gives us a well-balanced survey of this alternative intellectual agenda.' - Roger W. Garrison, Southern Economic Journal Front Matter....Pages i-xii Introduction....Pages 1-26 The Sensory Order....Pages 27-42 Liberty, Reason and Rules....Pages 43-60 Liberty and the Market....Pages 61-77 Economic and Social Science....Pages 78-103 The Socialist Calculation Debate....Pages 104-124 Neutral Money and Monetary Policy....Pages 125-133 Capital....Pages 134-150 Business Cycles....Pages 151-175 International or National Money?....Pages 176-189 Market Standards for Money....Pages 190-200 Hayek’s Legacy....Pages 201-208 Back Matter....Pages 209-234 "The book is a comprehensive account of Friedrich Hayek's intellectual achievements. In this updated and expanded edition, the author explores the broad features of Hayek's economic philosophy, shows the interrelationship between the liberal philosophy and economic advance, examines Hayek's approach to the problems of a money economy, and explains Hayek's aversion to all forms of centralised economic planning."--Jacket