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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I discredited myself with most of my fellow economists by writing The Road to Serfdom, which is disliked so much .. most of the [economics] departments came to dislike me, so much so that I can feel it to the present day. — F. A. Hayek

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