The counter-revolution of science: studies on the abuse of reason, Volume 417

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Liberty Press, 1979 - Business & Economics - 415 pages
6 Reviews
Early in the last century the successes of science led a group of French thinkers to apply the principles of science to the study of society. These thinkers purported to have discovered the supposed "laws" of society & concluded that an elite of social scientists should assume direct control of social life. The Counter-Revolution of Science is Nobel Laureate Friedrich Hayek's forceful attack on this abuse of reason.

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Review: The Counter-Revolution Of Science

User Review  - Michael - Goodreads

This is the only book I could find which examines the development of scientism in the 19th century, which itself did not propose religion as the alternative. That alone makes it worthy of praise ... Read full review

Review: The Counter-Revolution Of Science

User Review  - Russ - Goodreads

Ever since the Marginal Revolution of 1870, in which Carl Menger was one of three economists who discovered separately the theory of marginal utility, there has been a methodological battle between ... Read full review

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Contents

PART ONE SCIENTISM AND THE STUDY OF SOCIETY
11
The Problem and the Method of the Natural Sciences
17
HI The Subjective Character of the Data of the Social
25
Copyright

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About the author (1979)

Austrian-born economist, political philosopher, and psychologist Friedrich von Hayek is best remembered today for both his contributions to economic theory and his opposition to socialism. Economics was one of Hayek's early interests; while serving as an artillery officer on the Italian front in 1917, he read an economics text to pass the time. In 1918 he left the army and enrolled at the University of Vienna, where he received degrees in both law and economics. While at the university, he helped organize an influential group of young scholars, who became known as the "Vienna Circle." In 1927 Hayek became one of the founders of the Austrian Economic Society and the Austrian Institute of Business Cycle Research, where he served as director. In 1929 Hayek published his classic Monetary Theory and the Trade Cycle, which argued that the business cycle is caused by an increase in credit or monetary stimulus. In the same year, he became a lecturer at the University of Vienna; by 1932 he had accepted a professorship at the London School of Economics. While in London, Hayek published two of his most important, and largely theoretical, books on capital theory, Profits, Interest, and Investment (1939) and The Pure Theory of Capital (1941). After having established a solid reputation as an economist, Hayek became an outspoken and highly effective critic of both nationalism and socialism. His most famous book, The Road to Serfdom (1945), was dedicated to "socialists of all parties" and condemned socialism in all its forms. The book was panned by socialists, praised by antisocialists, generally distorted by critics and admirers alike, and became a runaway bestseller. In 1950 Hayek left London for the University of Chicago, where he remained for the next 12 years as a professor of moral and social sciences. Although he continued to teach some economics, his work focused more on historical, legal, and methodological issues. In 1962 Hayek went to Freiburg University in West Germany and then to the University of Salzburg from 1968 to 1977. While at Salzburg, in 1974, he was awarded the Nobel Prize in economics (jointly with Gunnar Myrdal) for his pioneering analysis of the interdependence of economic, social, and institutional phenomena.

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