[Excerpted from The Road to Serfdom ] No doubt an American or English “fascist” system would greatly differ from the Italian or German models; no doubt, if the transition were effected without violence, we might expect to get a better type of leader. Yet this does not mean that our fascist system would in the end prove very different or much less
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
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
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
A lecture delivered at the Gold and Monetary Conference, New Orleans, La., November 10, 1977, by F.A. Hayek on more efficient monetary systems. Volume 3, Number 1 (1979) Hayek, F.A. “Toward a Free Market Monetary System.” Journal of Libertarian Studies 3, No.1 (1979):
This essay originally appeared in the Zeitschrift für Nationalökonomie, Bd. I, Heft III, 1929, under the title “Gibt es einen Widersinn des Sparens?” The first English translation appeared in Economica, May, 1931. Introduction The assertion that saving renders the purchasing power of the consumer insufficient to take up the volume of current
[This introduction to two essays by Murray N. Rothbard — “The Mantle of Science” and “ Praxeology as the Method of the Social Sciences “ — was published in a 1979 edition published by the Cato Institute.] All in all, I am not fully convinced that the great flood of discussion on problems of scientific method that has appeared during the last few
Introduction by Joseph T. Salerno Friedrich A. Hayek was only thirty-two years old when he published this two-part article in Economica , at the time, the world’s leading English-language economics journal. The article is a review essay of John Maynard Keynes’s two-volume book, A Treatise on Money , published the previous year. Keynes, a
[This article first appeared in The Review of Economic Statistics , November, 1937.] The purpose of this article is to state a proposition which underlies the modern “monetary over-investment theories” of the trade cycle in a form in which, as far as I know, it has never before been expressed but which seems to make this particular proposition so
What is the Mises Institute?
The Mises Institute is a non-profit organization that exists to promote teaching and research in the Austrian School of economics, individual freedom, honest history, and international peace, in the tradition of Ludwig von Mises and Murray N. Rothbard.
Non-political, non-partisan, and non-PC, we advocate a radical shift in the intellectual climate, away from statism and toward a private property order. We believe that our foundational ideas are of permanent value, and oppose all efforts at compromise, sellout, and amalgamation of these ideas with fashionable political, cultural, and social doctrines inimical to their spirit.