The Collected Works of F. A. Hayek

  • Business Cycles, Part I

    by F. A. Hayek

    In the years following its publication, F. A. Hayek’s pioneering work on business cycles was regarded as an important challenge to what later became known as Keynesian macroeconomics. Today, as debates rage on over the monetary origins of the current economic and financial crisis, economists are once again paying heed to Hayek’s thoughts on the repercussions of excessive central bank…

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  • Business Cycles, Part II

    by F. A. Hayek

    In the years following its publication, F. A. Hayek’s pioneering work on business cycles was regarded as an important challenge to what later became known as Keynesian macroeconomics. Today, as debates rage on over the monetary origins of the current economic and financial crisis, economists are once again paying heed to Hayek’s thoughts on the repercussions of excessive central bank…

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  • Capital and Interest

    by F. A. Hayek

    Produced throughout the first fifteen years of Hayek’s career, the writings collected in Capital and Interest see Hayek elaborate on and extend his landmark lectures that were published as Prices and Production and work toward the technically sophisticated line of thought seen in his later Pure Theory of Capital. Illuminating the development of Hayek’s detailed contributions to capital and interest theory, the collection also sheds…

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  • Contra Keynes and Cambridge

    by F. A. Hayek

    Contra Keynes and Cambridge is composed of three parts: Part I consists of two essays, the first being a recollection by Hayek of his time at the London School of Economics in the 1930s, followed by his contribution to an early debate about the paradox of saving; Part II reprints the full debates between Hayek and Keynes in Economica in…

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  • The Fortunes of Liberalism

    by F. A. Hayek

    In this collection of essays, some of which appear here in English for the first time, F. A. Hayek traces his intellectual roots to the Austrian School. The Fortunes of Liberalism: Essays on Austrian Economics and the Ideal of Freedom also links the Austrian School to the modern rebirth of classical liberal thought. F. A. Hayek (1899–1992), recipient of the…

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  • Good Money, Part I

    by F. A. Hayek

    Hayek’s deep interest in the concept of money and its role within the economy is developed in Good Money, Part I. Consisting of seven of Hayek’s most significant monetary writings from the 1920s, this collection focuses on his critique of the idea that price stabilization is consistent with the stabilization of foreign exchange. F. A. Hayek (1899–1992), recipient of the…

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  • Good Money, Part II

    by F. A. Hayek

    This complementary volume provides five additional essays to expand our understanding of Hayek’s ideas about money and monetary policy. Good Money, Part II: The Standard investigates the consequences of the “predicament of composition” which led to one of Hayek’s most controversial proposals: that governments should be denied a monopoly on the coining of money. F. A. Hayek (1899–1992), recipient of…

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  • Hayek on Hayek

    by F. A. Hayek

    This volume gives readers insight into F. A. Hayek’s life and ideas. This detailed chronology depicts Hayek’s early life and education, his intellectual progress, and the academic and public reception of his ideas through a series of oral history interviews. Hayek’s own autobiographical notes are included. F. A. Hayek (1899–1992), recipient of the Medal of Freedom in 1991 and co-winner…

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  • Hayek on Mill

    by F. A. Hayek

    Best known for reviving the tradition of classical liberalism, F. A. Hayek was also a prominent scholar of the philosopher John Stuart Mill. One of his greatest undertakings was a collection of Mill’s extensive correspondence with his longstanding friend and later companion and wife, Harriet Taylor-Mill. Hayek first published the Mill-Taylor correspondence in 1951, and his edition soon became required…

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  • The Pure Theory of Capital

    by F. A. Hayek

    First published in 1941, The Pure Theory of Capital has long been overlooked. This volume offers a detailed account of the equilibrium relationships between inputs and outputs in a time-filled economy. Hayek’s stated objective was to make capital theory—which had previously been devoted almost entirely to the explanation of interest rates—“useful for the analysis of the monetary phenomena of the…

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  • The Sensory Order and Other Writings on the Foundations of Theoretical Psychology

    by F. A. Hayek

    Hayek was one of the leading voices in economic and social theory; however, he also wrote on theoretical psychology. The Sensory Order, first published in 1952, sets forth his classic theory of mind in which he describes the mental mechanism that classifies perceptions that cannot be accounted for by physical laws. Although The Sensory Order was not widely engaged with by either psychologists…

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  • Socialism and War

    by F. A. Hayek

    In the essays in this volume Hayek contributed to economic knowledge in the context of socialism and war, while providing an intellectual defense of a free society. The connection between the two topics is illuminated through essays containing some of Hayek’s contributions to the socialist-calculation debate, writings pertaining to war, and the cult of scientific economic planning from the late…

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