NOSTRADAMUS: LIFE MAGAZINE ON LIBERALISM IN 1945

In 1945 LIFE magazine peers into the future:

“Why did the liberal philosophy which once supported [the forward looking] state of mind deteriorate?  First, because it could not reconcile its humanitarian beliefs with its laissez-faire economics.  After it abandoned laissez-faire it could not logically decide where, short of socialism, to stop.  To define the stopping . . . → Read More: NOSTRADAMUS: LIFE MAGAZINE ON LIBERALISM IN 1945

HAYEK ECON BOOKS FREE FOR DOWNLOAD FROM GOOGLE

F. A. Hayek’s most important books in economics are free for download from Google in both a Google web edition and in PDF format, including Individualism and Economic Order, The Pure Theory of Capital, Choice in Currency, A Tiger by the Tail, and Prices and Production, including Monetary Theory and the Trade Cycle, among other . . . → Read More: HAYEK ECON BOOKS FREE FOR DOWNLOAD FROM GOOGLE

THE HAYEK TWITTER GAME

The game: take a sentence or two of Hayek’s clause and qualification ridden Germanic prose, and turn it into a 144 character twitter.

Example. Here’s a brief passage from Hayek 1976 essay “Socialism and Science” posted a few days ago in the comments by Richard Ebeling:

“A society in which everyone is organized as a . . . → Read More: THE HAYEK TWITTER GAME

MANDELBOX VIDEO — INFINITE COMPLEXITY VISUALIZED

Here.

VIDEO — STEPHEN MARGLIN & WILL WILKINSON DISCUSS HAYEK

Here’s the core of Stephen Marglin’s “Two Cheers for Hayek” argument, justaposing the claims of market coordinated local knowledge against the claims of community.  In sum, “we have enough, let’s slow down”:

QUOTE OF THE DAY — CREDIT CYCLES & FINANCIAL CYCLES

For half a century, we monetary economists have focused overwhelmingly on the inflation/disinflation cycle.   If we said monetary policy was too easy at some point, we were thinking of the dangers of inflation.  If recessions resulted from monetary tightening, the motive was disinflation.    I believe the result of the global financial crisis will be a . . . → Read More: QUOTE OF THE DAY — CREDIT CYCLES & FINANCIAL CYCLES

PAUL KRUGMAN, YOUR INCOMPETENCE IS SHOWING

Paul Krugman proudly tells us he can’t bring himself to learn any economics produced before he was a graduate student and written in plain English — and he’s constantly proving the case with crashingly ignorant discussion of economic history and the history of economic thought.  Krugman has combined his patent ignorance in these two fields . . . → Read More: PAUL KRUGMAN, YOUR INCOMPETENCE IS SHOWING

TAKING HAYEK SERIOUSLY IS FUNDED BY YOU AND ME

Taking Hayek Seriously is not funded by George Soros, or by the Koch brothers, or by American taxpayers. It’s funded by me — and by readers like you — who purchase products via the Amazon links on the Taking Hayek Seriously web site. If you’d like to lend a hand and help support THS, consider . . . → Read More: TAKING HAYEK SERIOUSLY IS FUNDED BY YOU AND ME

AUDIO — HAYEK & THE CURRENT CRISIS

Economist John Cochran explains the significance of Hayek’s macroeconomics for understanding the boom of the ’00s’ and ongoing bust of the ’10s.

IHS CONFERENCE ON HAYEK & KEYNES

April 15-17, Arlington, VA.

VIDEO — HAYEK SPEAKING ON “EVOLUTION AND SPONTANEOUS ORDER”

Hayek speaking in 1983 at the 33rd Meeting of Nobel Laureates at Lindau. The video contains many excellent photos of Hayek participating at these meetings over the years.

Hayek happily reports on his sense of the vindication of long held views from his recent reading of Ernst Mayr’s landmark work The Growth of Biological . . . → Read More: VIDEO — HAYEK SPEAKING ON “EVOLUTION AND SPONTANEOUS ORDER”

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

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Random Quote

It is the disciple of the market which forces us .. to be responsible for the means we use in the pursuit of our ends. — F. A. Hayek

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