Hayek vs Keynes in the London Times Oct. 19, 1932

UPDATE:  Mario Rizzo has posted a pdf image of newspaper clips from the London Times of both the Hayek letter and the Pigou/Keynes letter.

Hayek vs Keynes is the watchword of the economic debate of your time, the debate between Merkel and Obama, Europe and America, over the the soundness of a government-led Keynesian consumption . . . → Read More: Hayek vs Keynes in the London Times Oct. 19, 1932

A new audio edition of The Road to Serfdom releases tomorrow, July 1

A new audio edition of F. A. Hayek’s The Road to Serfdom read by William Hughes is due for release tomorrow, July 1.

Hayek — against a Fed created post-bust deflation

“The moment there is any sign that the total income stream may actually shrink [during a post-bust deflationary crash], I should certainly not only try everything in my power to prevent it from dwindling, but I should announce beforehand that I would do so in the event the problem arose.”

– F. A. Hayek, in . . . → Read More: Hayek — against a Fed created post-bust deflation

A new photo of F. A. Hayek

This must have been taken some time in the late 1980s.  By his expression perhaps after the fall of the Berlin Wall.  It’s the oldest picture of Hayek I’ve seen.

“Still as relevant today as it was in 1960″

The Constitution of Liberty at 50 — some thoughts from Peter Boettke.

Tom DiLorenzo & the Mises Institute offer an online course on Hayek’s The Road to Serfdom

The 5 week course begins Monday, July 5th.  You can read about the course and sign up here.

Professor DiLorenzo has penned a  brief introductory essay “Hayek’s Road to Serfdom, despotism then and now” explaining the significance of Hayek’s The Road to Serfdom and the purposes of his course.

Tom is an engaging speaker with . . . → Read More: Tom DiLorenzo & the Mises Institute offer an online course on Hayek’s The Road to Serfdom

New papers on Hayek

Papers from the 2010 History of Economics conference (pdf):

Stefan Kolev, “Hayek as an Ordo-Liberal”. Régis Servant, “The search for good social rules: object of science or of democratic choice? The case of Hayek as opposed to constitutional political economy”. Stéphane Longuet, “Hayek and monetary catallaxy”. David Andrews, “The Price Level in the Keynes-Hayek-Sraffa Exchange . . . → Read More: New papers on Hayek

Rick Santelli’s new clarion call — “Stop spending, stop spending, stop spending … go read some Austrian economists .. “

The man who launch the modern Tea Party movement is letting them have it again.

And the cross talk reply to Santelli? “I’m ready to talk about Fred Hayek, I’m ready to talk about John Haitt .. Salma Hayek .. there’s an economist we can all agree on.”

. . . → Read More: Rick Santelli’s new clarion call — “Stop spending, stop spending, stop spending … go read some Austrian economists .. “

What’s your favorite Hayek book?

Russ Roberts says his favorite is The Fatal Conceit.

Tom Peters is also a big fan of the book: “I am not one of those people who tends to read books multiple times. But [Hayek's] The Fatal Conceit I find I can read over. I’ve probably read it, literally cover to cover, word for word, . . . → Read More: What’s your favorite Hayek book?

Russ Roberts & Bryan Caplan discuss Hayek & Richter

The Road to Serfdom and Pictures of a Socialist Future are the topic of this morning’s EconTalk podcast.

#6 in America – The Road to Serfdom

According to USA Today, F. A. Hayek’s The Road to Serfdom was the #6 bestseller in America last week among all books sold.

Four timely ideas from Friedrich Hayek

Russ Roberts in the Wall Street Journal:

now that the [Keynes inspired] stimulus has barely dented the unemployment rate, and with government spending and deficits soaring, it’s natural to turn to Hayek. He championed four important ideas worth thinking about in these troubled times.

First, he and fellow Austrian School economists such as Ludwig Von . . . → Read More: Four timely ideas from Friedrich Hayek

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Random Quote

The question is whether it is better that the holder of coercive power should confine himself to creating conditions under which the knowledge and initiative of individuals are given the best scope so that they can plan most successfully; or whether a rational utilization of our resources requires central direction and organization of all our activities according to some consciously constructed ‘blueprint’. — F. A. Hayek

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