Capitalism and the Historians

Front Cover
The views generally held about the rise of the factory system in Britain derive from highly distorted accounts of the social consequences of that system—so say the distinguished economic historians whose papers make up this book. The authors offer documentary evidence to support their conclusion that under capitalism the workers, despite long hours and other hardships of factory life, were better off financially, had more opportunities, and led a better life than had been the case before the Industrial Revolution.
 

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Contents

History and Politics F A Hayek
3
PART I
31
The Anticapitalist Bias of American Historians
62
The Treatment of Capitalism by Continental
91
PART II
123
The Factory System of the Early Nineteenth Cen
156
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About the author (1954)

F. A. Hayek (1899-1992), recipient of the 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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