NEW: “The Meaning of Competition” by F. A. Hayek

Now available on the internet — “The Meaning of Competition” by F. A. Hayek.

Let me suggest there’s hardly an economist alive who couldn’t improve his understanding of economics — and the market — with a fresh read of this paper.

“What Price a Planned Economy?” by F. A. Hayek

New to the Internet — “What Price a Planned Economy” by F. A. Hayek, originally published April, 1938 in the Contemporary Review of London.  Remarkably, many of the issues at hand are as fresh as today’s news columns:

in the direction of economic activity, say of transport, or industrial planning, the interests to be reconciled . . . → Read More: “What Price a Planned Economy?” by F. A. Hayek

article: F. A. Hayek, “Substitute for Foreign Aid”

Newly available on the Internet — “Substitute for Foreign Aid” by F. A. Hayek, publish in The Freeman April 6, 1953, pp. 482-484 (pdf).  Here is the article in full:

For the time being financing for rearmament has in a large measure taken the place of other forms of capital movement to Europe. But this . . . → Read More: article: F. A. Hayek, “Substitute for Foreign Aid”

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Random Quote

Socialists has always protested against ‘merely’ formal justice .. they have always objected to a law which had no views on how well off particular people ought to be. — F. A. Hayek

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