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F. A. Hayek

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Friedrich Hayek  (1899 – 1992) was an economist and philosopher, author of seminal works that changed intellectual history, who won the Nobel Memorial Prize in Economic Sciences for his pioneering work in the theory of money and economic fluctuations and penetrating analysis of the interdependence of economic, social and institutional phenomena. He taught in Vienna, London, and Chicago. 

F. A. Hayek's Articles

The Meaning of Competition

The solution of the economic problem of society is in this respect always a voyage of exploration into the unknown, an attempt to discover new ways of doing things better than they have been done before. This must always remain so as long as there are any economic problems to be solved at all, because all economic problems are created by unforeseen changes which require adaptation.

 

- October 25, 2016

F.A. Hayek on FEE and Leonard Read

If at any point in the past man had mapped out his future on the basis of the then-existing knowledge and then followed this plan, we would not be where we are.

- February 11, 2016

Why I Am Not a Conservative

Conservatism proper is a legitimate, probably necessary, and certainly widespread attitude of opposition to drastic change.

- January 27, 2016

Why the Worst Get on Top

There are strong reasons for believing that what to us appear the worst features of the existing totalitarian systems are not accidental byproducts, but phenomena which totalitarianism is certain sooner or later to produce.

- December 16, 2015

The Essence of the Road to Serfdom (in Cartoons!)

In 1944, F.A. Hayek’s Road to Serfdom rocked the English-speaking world. The book argued that there can be no political or civil liberty without economic liberty. Every step away from economic liberty takes us closer to authoritarian control over the whole of society. With central control come corruption, servitude, and relative impoverishment.

- August 07, 2015

The Road to Serfdom: Condensed Edition

The more the state ‘plans’ the more difficult planning becomes for the individual.

- July 30, 2015

Denationalization of Money

What we now need is a free-money movement comparable to the free trade movement of the nineteenth century.

- January 07, 2015

Hayek's Free Market Money

Handing to private industry the task of issuing money could remedy our monetary troubles.

- October 10, 2014

Intellectuals and Socialism

It wasn't the workers and peasants who gave the world the total state. 

- January 19, 2010

The Use of Knowledge in Society

Hayek points out that sensibly allocating scarce resources requires knowledge dispersed among many people, with no individual or group of experts capable of acquiring it all.

- May 01, 1996

The Pretense of Knowledge

Hayek's most compelling statement about the difference between data and knowledge. 

- December 11, 1974

The Moral Element in Free Enterprise

Economic freedom is an indispensable condition of all other freedom.

- July 01, 1962

The Case for Freedom

If we knew precisely what authentic freedom would bring us, the case for it would be undermined. 

- October 01, 1960

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