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Full Description
In this collection of writings, Nobel laureate Friedrich A. Hayek discusses topics from moral philosophy and the methods of the social sciences to economic theory as different aspects of the same central issue: free markets versus socialist planned economics. First published in the 1930s and '40s, these essays continue to illuminate the problems faced by developing and formerly socialist countries.
Contents
I: Individualism: True and False II: Economics and Knowledge III: The Facts of the Social Sciences IV: The Use of Knowledge in Society V: The Meaning of Competition VI: "Free" Enterprise and Competitive Order VII: Socialist Calculation I: The Nature and History of the Problem VIII: Socialist Calculation II: The State of the Debate (1935) IX: Socialist Calculation III: The Competitive "Solution" X: A Commodity Reserve Currency XI: The Ricardo Effect XII: The Economic Conditions of Interstate Federalism