ARTICLE: F.A. Hayek, “The Moral Imperative of the Market”

Here.

Introduction:

In 1936, the year in which (entirely coincidentally) John Maynard Keynes published The General Theory, I suddenly saw, as I prepared my presidential address to the London Economic Club, that my previous work in different branches of economics had a common root. This insight was that the price system was really an instrument . . . → Read More: ARTICLE: F.A. Hayek, “The Moral Imperative of the Market”

VIDEO — A TOUR OF HAYEK’S PERSONAL LIBRARY AT THE U. OF SALZBURG

An amazing collection of works. The collection does not include Hayek’s extensive library of books on monetary economics, which Hayek had sold in 1938.

And here is the pdf copy of Hayek’s very rare 1778 2nd edition of Adam Smith’s The Wealth of Nations, mentioned in the video — Volume 1 and Volume 2.

. . . → Read More: VIDEO — A TOUR OF HAYEK’S PERSONAL LIBRARY AT THE U. OF SALZBURG

TOM PALMER — INTERVIEW

Quotable:

Did anyone or any event especially influence your beliefs in life?

When I was young, I had the opportunity to attend a lecture given by [Friedrich August] von Hayek, the great Austrian economist whom I quite admired. And at the end of the lecture, someone asked a question. I’ll never forget von Hayek’s reply . . . → Read More: TOM PALMER — INTERVIEW

WHAT WAS HAYEK READING IN 1919-1920?

Here are some of the references from Hayeks 1920 “Sensory Order” paper titled “BEITRAEGE ZUR THEORIE DER ENTWICKLUNG DES BEWUSSTSEINS” and dated “September 1920″:

W. Jerusalem, Lehrbuck der Psychologie, 4.Aufl. Wien 1907.

M. Verworn, Die Entwicklung des menschlichen Geistes, 4.Aufl. Jena 1920.

B. v. Carneri, Empfindung und Bewusstsein, Bonn 1893.

F. Jodl, Psychologie, 3.Aufl. Stuttgart . . . → Read More: WHAT WAS HAYEK READING IN 1919-1920?

Notes on Hayek’s _The Constitution of Liberty_

2010 marks the 50th anniversary of the publication of Friedrich Hayek’s grand treatise on the political economy of liberalism — The Constitution of Liberty.

The book was written between 1955 and 1959, and then saw publication in America in February of the next year.  As Hayek explains in the UCLA Oral History interviews, “The Constitution . . . → Read More: Notes on Hayek’s _The Constitution of Liberty_

letter: F.A. Hayek to Joan Robinson, March 1941

A letter from Friedrich Hayek to Joan Robinson, dated March 10, 1941, quoted in Konstantinos Repapis’s paper “Hayek’s business cycle theory during the 1930’s: A critical account of its development:

“My present pre-occupation with what may seem altogether different problems [than technical issues of the business cycle] may suggest to you that I am running . . . → Read More: letter: F.A. Hayek to Joan Robinson, March 1941

wikipedia: “Friedrich Hayek” Entry, Section 3

Here is the 3rd section of the “Friedrich Hayek” entry at Wikipedia. Check it, add to it, correct it, or improve it as you consider appropriate:

Student and economist

At the University of Vienna, he earned doctorates in law and political science in 1921 and 1923 respectively, and he also studied philosophy, psychology and economics . . . → Read More: wikipedia: “Friedrich Hayek” Entry, Section 3

wiki: “Hayek” Entry at Wikipedia, section 2

Do you like section 2 of the “Friedrich Hayek” entry at Wikipedia? Is it good enough or do you have an idea to make it better? (Part of a continuing series):

Hayek was born in Vienna, then capital of the Austro-Hungarian Empire, the son of a doctor in the municipal health service. Hayek’s grandfathers were . . . → Read More: wiki: “Hayek” Entry at Wikipedia, section 2

david gordon: Friedrich Hayek Was My Teacher

David Gordon recalls Hayek in the classroom teaching the philosophy of social science to a room full of undergraduates at UCLA in 1969.  Read the whole thing, but here’s a teaser:

Hayek delivered his lectures seated at a desk. He never used notes, but his lectures could easily be printed verbatim. When a student asked . . . → Read More: david gordon: Friedrich Hayek Was My Teacher

balloons: Friedrich Hayek was Born May 8th, 1899

Friedrich Hayek with his younger brother in 1903

The picture comes from Richard Zundritsc’s blog “Hayek in Vienna”.

If you’d like to raise one tonight in honor of Friedrich Hayek, consider popping a Burgundy, the man’s beverage of choice.  In his later years he’s open a bottle at dinner with his wife — and . . . → Read More: balloons: Friedrich Hayek was Born May 8th, 1899

audio: Bruce Caldwell on Friedrich Hayek & 20th Century Economics

Here’s a great discussion on the economics of Friedrich Hayek (mp3) placed in the context of the history of economics and philosophy of science.  The speaker is Bruce Caldwell, author of Hayek’s Challenge.

interview: Hayek on Statistics & Macroeconomic Explanation

Below I’ve posted a conversation between Friedrich Hayek and Leo Rosen from 1978 in which Hayek presents some of his conclusions about the relationships between statistics, probability theory, and macroeconomic explanation.

Note well when reading the following that Friedrich Hayek’s first job as an economist had Hayek up to his eyeballs in the collection and . . . → Read More: interview: Hayek on Statistics & Macroeconomic Explanation

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Random Quote

The cause of unemployment is a deviation of prices and wages from their equilibrium position which would establish itself with a free market and stable money. — F. A. Hayek

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