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Hayek on ‘Meet the Press’
Media Asset
Author: Friedrich A. Hayek
Online Publish Date:
Friedrich Hayek, as a guest on ‘Meet the Press,’ June 22, 1975. Special thanks to Bob Roddis for providing this audio recording. [20:15]
The Meaning of Competition
Media Asset
Author: Friedrich A. Hayek
Online Publish Date:
Category: Interventionism, Monopoly and Competition, Free Markets
Competition is a process of the formation of opinion: by spreading information, it creates that unity and coherence of the economic system which we presuppose when we think of it as one market. Excerpted from Individualism and Economic Order (1948), this essay reproduces the substance of the Stafford Little Lecture delivered at Princeton
On Being an Economist
Mises Wire
Author: Friedrich A. Hayek
Online Publish Date:
Category: Philosophy and Methodology, Education
It is reported of the greatest economist whom I have personally known that he used to say that if he had seven sons they should all study economics. If this was meant to suggest the magnitude of the task economists have to solve, this heroic resolution cannot be highly enough commended. If it was meant to suggest that the study of economics is a
Richard Cantillon: An Introduction
Journal of Libertarian Studies
Author: Friedrich A. Hayek Michael O' Suilleabhain
Online Publish Date:
Category: Capital and Interest Theory, Other Schools of Thought, Philosophy and Methodology
Volume 7, Number 2 (1985) Introduction and textual comments by Friedrich A. Hayek, translated by Micheál Ó Súilleabháin, Department of Economics of University College, Cork, written for Hella Hayek’s 1931 German translation of Richard Cantillon’s Essai . , All page numbers cited in this text for Cantillon’s Essai sur la nature du commerce en
Competition as a Discovery Procedure
Quarterly Journal of Austrian Economics
Author: Friedrich A. Hayek
Online Publish Date:
Category: Monopoly and Competition
Quarterly Journal of Austrian Economics, Volume 5, No. 3 (Fall 2002) [ This is a translation from German of F.A. Hayek’s “Der Wettbewerb als Entdeckungsverfahren,” a 1968 lecture sponsored by the Institut für Weltwirtschaft at the University of Kiel. Translated by Marcellus S. Snow. ] I. It would not be easy to defend macroeconomists against the