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The Fortunes of Liberalism: Essays on Austrian Economics and the Ideal of Freedom (Collected Works of F. A. Hayek)

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Publisher Comments:

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) was awarded the Nobel Memorial Prize in Economic Sciences in 1974 and the Medal of Freedom in 1991 and was one of the leading Austrian economists and political philosophers of the twentieth century.

Peter G. Klein is Associate Professor in the Division of Applied Social Sciences at the University of Missouri and Associate Director of the Contracting and Organizations Research Institute. He is also Adjunct Professor at the Olin School of Business.

Table of Contents

Editorial Foreword  ix

Introduction  1

PART I.  THE AUSTRIAN SCHOOL OF ECONOMICS

Prologue          The Economics of the 1920s as Seen from Vienna  19

                           Addenda:  John Bates Clark (1847–1938)  38

                                            Wesley Clair Mitchell (1874–1948)  40

One                  The Austrian School of Economics  42

                          Addendum:  In Britain and the United States  53

Two                  Carl Menger (1840–1921)  61

                          Addendum:  The Place of Menger’s Grundsätze

                              in the History of Economic Thought  96

Three               Friedrich von Wieser (1851–1926)  108

Four                 Ludwig von Mises (1881–1973)  126

Five                  Joseph Schumpeter (1883–1950)  160

Six                    Ewald Schams (1899–1955) and Richard von Strigl (1891–1942)  166

                         Addendum:  Strigl’s Theory of Wages  170

Seven             Ernst Mach (1838–1916) and the Social Sciences in Vienna  172

Coda               Remembering My Cousin Ludwig Wittgenstein (1889–1951)  176

PART II.  THE FORTUNES OF LIBERALISM

Prologue         The Rediscovery of Freedom:  Personal Recollections  185 

                           Addenda:  Tribute to Röpke  195

                                               Röpke’s Theory of Capital Formation  198

                                               Hallowell on the Decline of Liberalism as an Ideology  199

Eight                Historians and the Future of Europe  201

Nine                 The Actonian Revival:  On Lord Acton (1834–1902)  216

Ten                   Is There a German Nation?  219

 Eleven             A Plan for the Future of Germany  223

                           Addendum:  The Future of Austria  234

Twelve            Opening Address to a Conference at Mont Pèlerin  237

Thirteen           The Tragedy of Organised Humanity:  de Jouvenel on Power  249

Fourteen         Bruno Leoni (1913–1967) and Leonard Read (1898–1983)  253

Editor’s Acknowledgements  263

Chronological List of Contents  265

Index  269

Product Details

ISBN:
9780865977419
Author:
Hayek, Friedrich A. Von
Publisher:
Liberty Fund
Editor:
Klein, Peter G.
Author:
Hayek, F. A.
Subject:
Careers
Subject:
Economics - Theory
Subject:
Liberalism
Subject:
Social sciences
Subject:
Careers - General
Subject:
Economics
Subject:
Economics - General
Edition Description:
New Edition
Series:
Collected Works of F. A. Hayek
Publication Date:
20081231
Binding:
TRADE PAPER
Grade Level:
from 12
Language:
English
Illustrations:
Y
Pages:
296
Dimensions:
9 x 6 in
Age Level:
from 18 to 100

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