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Friedrich Hayek: The ideas and influence of the libertarian economist (Harriman Economics Essentials) [Kindle Edition]

EAMONN BUTLER
5.0 out of 5 stars  See all reviews (1 customer review)

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Book Description

This book is an accessible exploration of the life and work of Friedrich Hayek: Nobel economist, social theorist, influential critic of socialism and the man who arguably changed the course of Western history thanks to his effect on both Margaret Thatcher and Ronald Reagan.

Friedrich Hayek was one of the leading economists of the 20th century and the leading contemporary critic of Keynes. He did pioneering work on monetary theory and trade cycles, but achieved international fame through his 1944 critique of totalitarian socialism, The Road to Serfdom.
He went on to map out the principles of a free society in a series of books including Law, Legislation and Liberty and became the leading proponent, along with Milton Friedman, of economic and political liberalism.

Setting him in context as well as incorporating criticism since his death 20 years ago, this book explores several major areas of Hayek’s thought and argument:

- why society is not something that can be rebuilt any way we want, but is the result of long-term cultural evolution, and what that means for political reform, morality and individual choice
- the kind of laws that true freedom relies upon, and how freedom and its benefits are threatened by political confusions
- how the market process really works: from maximising gains for everyone who participates, to competition as a discovery process
- where boom and bust cycles come from and how privatising currencies could be the startling solution
- how we actually interpret our world, and what this means for social sciences and politics
- why socialism was a mistake, capitalism isn't wasteful, and what economic organisation has to do with political destiny
- the impossibility of social justice but the genuine hope offered by true economic freedom
- what the real foundations of a free society look like.

A breath of intellectual fresh air, this concise guide to Friedrich Hayek is a must for any reader or student interested in one of the most vital minds of the 20th century.

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Review

"This book is very good - ideal as an easy to read introduction to Hayek's ideas and influence for somebody who has heard of him but hasn't actually engaged with him before. The style, as always with Eamonn, is very clear and straightforward. I like the structure as well, which has a natural flow of subject matter and argument to it."
--Dr Stephen Davies, Education Director, Institute of Economic Affairs

About the Author

Dr Eamonn Butler is director of the Adam Smith Institute, a London-based think tank dealing in market economic policy. He has an MA in Economics and Psychology from the University of St Andrews, and a PhD in Philosophy from St Andrews. Dr Butler's most recent books include The Best Book on the Market (Capstone, 2008), Milton Friedman (Harriman House, 2011), Adam Smith: A Primer (Institute of Economic Affairs, 2007) and Rotten State of Britain (Gibson Square, 2009). Earlier books include Ludwig von Mises: Fountainhead Of The Modern Microeconomics Revolution (Gower, 1988) and Forty Centuries of Wage and Price Controls (co-authored with Robert L. Schuettinger, Green Hill Publishers, 1979). With Dr Madsen Pirie, he is also author of a number of popular books on IQ published by Pan. Since 1979 he has co-authored and edited a number of publications on economic and policy issues for the Adam Smith Institute. Dr Butler writes regularly on economics for leading newspapers. In 2012 he received an Honorary D.Litt from Heriot-Watt University.

Product details

  • Format: Kindle Edition
  • File Size: 204 KB
  • Print Length: 162 pages
  • Page Numbers Source ISBN: 0857191756
  • Publisher: Harriman House; 1st edition (10 Sept. 2012)
  • Sold by: Amazon Media EU S.à r.l.
  • Language: English
  • ASIN: B0091QWRNM
  • Text-to-Speech: Enabled
  • X-Ray:
  • Word Wise: Not Enabled
  • Enhanced Typesetting: Not Enabled
  • Average Customer Review: 5.0 out of 5 stars  See all reviews (1 customer review)
  • Amazon Bestsellers Rank: #478,480 Paid in Kindle Store (See Top 100 Paid in Kindle Store)
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2 of 3 people found the following review helpful
Format:Paperback
Hayek and his ideas are still largely unknown even though they have been hugely influential in modern western economies. The average broadsheet reader could probably give a vague definition of Keynsian theory, "spend a bit more on public works when times are tough, build up a reserve when the economy is booming," but would not know where to start with Hayek. Well this is where to start. Whether you think he was right or wrong you should read it to get a broad background understanding. The only warning is that if you have a belief that he is wrong or irrelevant you might start thinking, and thinking that maybe he has the answer. But take the risk, it is an enjoyable read as well as being educational.
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Amazon.com: 5.0 out of 5 stars  1 review
5.0 out of 5 stars One of ASI / Eamonn Butler's useful overviews of Austrian Economics 21 July 2015
By Hunter Hastings - Published on Amazon.com
Format:Kindle Edition|Verified Purchase
Eamonn Butler and the Adam Smith Institute in the UK prepare and publish brief overviews of the work of Austrian Economics and its principal theorists including Mises and Hayek. They've done the same for Adam Smith (covering both Wealth of Nations and Theory of Moral Sentiments). Very useful, quick reads.
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