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1) As discussed in Section II, Hayek was unclear whether his structure of production represents a yearly flow of goods or a distribution of wealth. Mises and Rothbard, like Hayek, seem to mean one and also the other. Skousen is at least consistent but, unfortunately, he is consistently wrong. He definitely...
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Friedrich von Hayek, the Austrian émigré and University of Chicago professor whose 1944 Road to Serfdom dared to suggest that state planning would produce not "freedom and prosperity" but "bondage and misery, " visited Pinochet’s Chile a number of times. He was...
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I would like to announce that I have just completed work on my most recent book: Striving and Attainment - A Theory of Social Interaction. I have posted it in Word document form on my web sites adamknott.com and praxeology.com In the book, I present the theory of ethics which I have been developing as...
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Greetings. A new audio essay is now available in The Rational Argumentator's Audio Section : http://progressofliberty.today.com/tra-audio/ “ Praxeology and Understanding: An Analysis of the Controversy in Austrian Economics ” by George A. Selgin; Read by G. Stolyarov II Special thanks...
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Road to Serfdom by Hayek
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I am considering a purchase, or at least a read, of Hayek`s works on the trade cycle. The three I am interested in are: The Pure Theory of Capital Prices and Production Monetary Theory and The Trade Cycle Can anyone provide some information on these books? Are they consistent with ABC theory, or do they...
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You're correct that Hayek shifted his stance on some issues when he wrote Law, Legislation, and Liberty . According to Jesús Huerta de Soto, one can see this change "by comparing Hayek's more Scottish-oriented Constitution of Liberty with his Mediterranean-oriented series, Law, Legislation...
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I would like to read anyone's opinion on Hayek's Constitution of Liberty . I am aware of Rothbard's critique in his Ethics of Liberty , but would like to find out what YOU think. What are its strenghts and weaknesses? Overall, how would you rank this book in terms of importance to the Austrian...
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My own introduction to Austrian economics came from Hayek's "The Road to Serfdom". MES is wonderfully lucid, and seems to stick to economics. HA, which I am currently reading, seems more philosoophical. But "The Road to Serfdom" seems to show how and why Austrian economics are...