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Hayek, F. A. (April 1945). "The Road to Serfdom: A Condensation from the book by Friedrich A. Hayek". The Reader's Digest: 2 - 20 – via Internet Archive. The condensed version of The Road to Serfdom by F. A. Hayek as it appeared in the April 1945 edition of Reader's Digest (PDF). London: Institute of Economic Affairs. 1999. ISBN 0 255 36530 6.
In Chapter 14, Hayek explores the legitimate role of government and the problems posed by government provision of services. In Chapter 15, Hayek discusses the competitive market process, the policy needed for it, and the dangers of relying on ideas of 'perfect competition'. Chapter 16 briefly sums up Hayek's general argument in the book so far. [1]
Friedrich August von Hayek CH FBA (/ ˈ h aɪ ə k / HY-ək, German: [ˈfʁiːdʁɪç ˈʔaʊɡʊst fɔn ˈhaɪɛk] ⓘ; 8 May 1899 – 23 March 1992), often referred to by his initials F. A. Hayek, was an Austrian-born British academic who contributed to political economy, political philosophy and intellectual history.
But Hayek warns against excessive control and the potential stifling of spontaneous forces essential for societal advancement. In a free society the advancement of the wealthy can benefit the rest, by making new innovations and standards of living. [4] Hayek contrasts two appraches on liberty and reason; rationalistic and evolutionary.
Individualism and Economic Order is a book written by Friedrich Hayek. [1] [2] [3] It is a collection of essays originally published in the 1930s and 1940s, discussing topics ranging from moral philosophy to the methods of the social sciences and economic theory to contrast free markets with planned economies. [4]
Hayek notes that modern civilization and all its customs and traditions naturally led to the current order and are needed for its continuance. It follows therefore, he asserts, that fundamental changes to the system—-made in an attempt to control it—-are impossible or unsustainable in modern civilization, and so are doomed to fail.
The Hayek Lecture is hosted annually by the Institute of Economic Affairs in memory of Nobel Prize-winning economist Friedrich Hayek. The first Annual Hayek Memorial Lecture was delivered by Jeffrey Sachs of Harvard University in June 1992. The lecture has been delivered by speakers ranging from academics to religious leaders, from politicians ...
Hayek, Friedrich (2010). Studies on the Abuse and Decline of Reason: Text and Documents, edited by Bruce Caldwell (University of Chicago Press) (essays in opposition to positivism.) ISBN 978-0-226-32109-7. OCLC 406946021; The Constitution of Liberty: The Definitive Edition (2011). Ronald Hamowy, ed., v. 17, The Collected Works of F A. Hayek.