Individualism and Economic Order

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University of Chicago Press, 1948 - Business & Economics - 271 pages
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In this collection of writings, Nobel laureate Friedrich A. Hayek discusses topics from moral philosophy and the methods of the social sciences to economic theory as different aspects of the same central issue: free markets versus socialist planned economies. First published in the 1930s and 40s, these essays continue to illuminate the problems faced by developing and formerly socialist countries.

F. A. Hayek, recipient of the Medal of Freedom in 1991 and winner of the Nobel Memorial Prize in Economics in 1974, taught at the University of Chicago, the University of London, and the University of Freiburg. Among his other works published by the University of Chicago Press is The Road to Serfdom, now available in a special fiftieth anniversary edition.
 

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Contents

TRUE AND FALSE
1
ECONOMICS AND KNOWLEDGE
33
THE FACTS OF THE SOCIAL SCIENCES
57
THE USE OF KNOWLEDGE IN SOCIETY
77
THE MEANING OF COMPETITION
92
FREE ENTERPRISE AND COMPETITIVE ORDER
107
THE NATURE AND HISTORY OF THE PROB LEM
119
THE STATE OF THE DEBATE 1935
148
THE COMPETITIVE SOLUTION
181
A COMMODITY RESERVE CURRENCY
209
THE RICARDO EFFECT
220
THE ECONOMIC CONDITIONS OF INTERSTATE FEDERALISM
255
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About the author (1948)

F. A. Hayek (1899 1992), recipient of the Presidential Medal of Freedom in 1991 and co-winner of the Nobel Memorial Prize in Economics in 1974, was a pioneer in monetary theory and a leading proponent of classical liberalism in the twentieth century. He taught at the University of London, the University of Chicago, and the University of Freiburg.

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