F. A. Hayek: Economics, Political Economy and Social Philosophy
by Peter J. Boettke (Author)

About the Author
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.

About this book
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.

Brief contents
1 Clarifying Some Misconceptions About Hayek 1
2 Hayek: An Overview of His Life and Work 15
3 The Anatomy of an Economic Crisis: Money, Prices, and Economic Order 37
4 Hayek on Market Theory and the Price System 77
5 Hayek and Market Socialism 119
6 The False Promise of Socialism and The Road to Serfdom 141
7 A Genuine Institutional Economics 159
8 The Political Economy of a Free People 197
9 Hayek, Epistemics, Institutions, and Change 227
10 The Reconstruction of the Liberal Project 257
11 The Hayekian Legacy 283
Appendix A: Scholarly Impact of Hayek’s Work as Measured by Citations 297
Appendix B: Top 20 Articles of the First 100 Years of the American Economic Review 301
Appendix C: Hayek’s Intellectual Family Tree 303
Appendix D: Timeline of Hayek’s Professional Life 305
Author Index 309
Subject Index 315

Series: Great Thinkers in Economics
Length: 323 pages
Publisher: Palgrave Macmillan; 1st ed. 2018 edition (September 6, 2018)
Language: English
ISBN-10: 1137411597
ISBN-13: 978-1137411594