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A critical review of the free-market liberalism ideas of economist Friedrich A. von Hayek (d. 1992), who espoused a free-market economy (as opposed to central planning), limited government, & deregulation. Von Hayek had a great influence on the thinking of British Prime Minister Margaret Thatcher & US President Ronald Reagan & their supporters during the 1970s & 1980s. Discussed here are von Hayek's antisocialist views & the personal & social background & political philosophies on which his outlook was based. It is suggested that his scholarly skepticism was directed exclusively toward arguments that opposed his own, & that he was really a clever dogmatist who rejected all ideas contradictory to his. J. W. Stanton

Abstract: Der Band enthält eine Würdigung der Arbeiten des Nobelpreisträgers für Wirtschafswissenschaften, Friedrich August Hayek, durch eine Sammlung von veröffentlichten Aufsätzen des Herausgebers, namentlich Anmerkungen zu Hayeks wissenschaftlichen Arbeiten sowie zu Streits Übersetzungen von Hayeks Monografien in englischer Sprache. Manfred E. Streit war einer der Nachfolger auf dem Lehrstuhl Hayeks an der Universität Freiburg und hat sich über Jahrzehnte mit Hayeks Werk beschäftigt. 2001 wurde ihm die Hayek-Medaille für seine Weiterentwicklung Hayekscher Ansätze in den Rechts- und Staatswissenschaften durch die Friedrich A. von Hayek-Gesellschaft verliehen. Streit ist Mitherausgeber von Hayeks gesammelten Schriften in deutscher Sprache. Ferner enthält der Band Aufsätze von Streit, zu denen er sich durch Hayeks Arbeiten angeregt sah

The article reflects on Hayek's expositions concerning the nature of rules. It shows that his conception of rules is extremely wide, and that the bond between rules and regularities is too tight. Subsequently an alternative - narrower - delineation of the concept of rule is proposed. In the last part of the paper Hayek's too narrow a conception of normative rules is subjected to criticism and a broader conception is proposed.

This article offers a revisionist account of certain episodes in the development of F. A. Hayek's thought. It offers a new reading of his 1937 paper, "Economics and Knowledge," that draws on unpublished lecture notes in which he articulated more fully the distinctions he made in the paper between a "pure logic of choice," or the economic calculus, and an "empirical element," which he would later call the competitive market order. Next, the essay shows that Hayek continued to try to develop his ideas about the role of the economic calculus through the 1950s and early 1960s, an effort that has been missed because it never led to any published work. Finally, the article examines Hayek's attempt to articulate a theory of the market process, one that would be at the same level of generality as the economic calculus, in lectures he gave at the University of Virginia. He never developed a full-fledged formal theory, but his failed efforts still bore fruit in leading him to his contributions on spontaneous orders and the (verbal) theory of complex phenomena. This work anticipated contributions by others who were more technically trained.

This book explores the life and work of Austrian-British economist, political economist, and social philosopher, Friedrich Hayek. Set within a context of the recent financial crisis, alongside the renewed interest in Hayek and the Hayek-Keynes debate, the book introduces the main themes of Hayek's thought. These include the division of knowledge, the importance of rules, the problems with planning and economic management, and the role of constitutional constraints in enabling the emergence of unplanned order in the market by limiting the perverse incentives and distortions in information often associated with political discretion. Key to understanding Hayek's development as a thinker is his emphasis on the knowledge problem that economic decision makers face and how alternative institutional arrangements either hinder or assist them in overcoming that epistemic dilemma. Hayek saw order emerging from individual action and responsibility under the appropriate institutional order that itself emerges from actors discovering new and better ways to coordinate their behavior. This book will be of interest to all those keen to gain a deeper understanding of this great 20th century thinker in economics. Peter Boettke is University Professor of Economics and Philosophy, Director of the F. A. Hayek Program for Advanced Study in Philosophy, Politics, and Economics, at George Mason University, USA.