book: “Studies on the Abuse and Decline of Reason”


“The Austrian economist Friedrich A. Hayek came to the London School of Economics as a visiting professor in fall of 1931, and secured a permanent position as the Tooke Chair of Economic Science and Statistics the following year. From late 1933 onwards, he toiled fitfully over a big book on capital theory, an endeavour . . . → Read More: book: “Studies on the Abuse and Decline of Reason”

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Friedrich Hayek was arguably the greatest social scientist of the twentieth century. By the time of his death, his fundamental way of thought had supplanted the system of John Maynard Keynes — his chief intellectual rival of the century — in the battle since the 1930s for the minds of economists and the policies of governments. — Julian Simon

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