- Hardcover: 280 pages
- Publisher: Palgrave Macmillan (Aug 1993)
- Language English
- ISBN-10: 0333573986
- ISBN-13: 978-0333573983
- Average Customer Review: 1.0 out of 5 stars See all reviews (1 customer review)
- See Complete Table of Contents
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Review
'...a most exhaustive and thorough examination of Hayek's work which reads clearly and lucidly.' - Milton Friedman, Hoover Institution
'An admirable achievement' - Bruce J. Caldwell, Advances in Austrian Economics
'If one were to read only one book about Hayek, this should be it. Rather than criticising Hayek's work, Steele aims to present an account of Hayek's work that is both comprehensive and concise. In this aim the author succeeds most admirably.' - Karen I. Vaughn, Journal of Economic Literature
'His writing style is even, scholarly and readable, and his positive restatement of Hayekian thought gives us a well-balanced survey of this alternative intellectual agenda.' - Roger W. Garrison, Southern Economic Journal
--This text refers to an alternate Hardcover edition.
'An admirable achievement' - Bruce J. Caldwell, Advances in Austrian Economics
'If one were to read only one book about Hayek, this should be it. Rather than criticising Hayek's work, Steele aims to present an account of Hayek's work that is both comprehensive and concise. In this aim the author succeeds most admirably.' - Karen I. Vaughn, Journal of Economic Literature
'His writing style is even, scholarly and readable, and his positive restatement of Hayekian thought gives us a well-balanced survey of this alternative intellectual agenda.' - Roger W. Garrison, Southern Economic Journal
--This text refers to an alternate Hardcover edition.
Product Description
By his intellectual contributions in economics, epistemology, ethics, law, philosophy, politic and psychology, Friederich Hayek has come closest to a unified theory of human action. The central theme is of a natural and spontaneous evolution - founded upon essentially competitive processes, the cultural selection of systems an rules brings order to human affairs. While this book is both comprehensive and concise, Hayek's economics cannot be discussed in isolation. So the author attempts to present an economist's understanding of that which any economist ought to know, or, in Hayek's own terms, "nobody can be a great economist who is only an economist". The book is a comprehensive account of Frederich Hayek's intellectual achievements. The book explores the broad features of Hayek's economic philosophy, shows the interrelationship between the liberal philosophy and economic advance, examines Hayek's approach to the problems of a money economy, and explains Hayek's aversion to all forms of centralized economic planning. G.R. Steele is the author of "Monetarism and the Demise of Keynesian Economics".
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Most Helpful Customer Reviews
3 of 3 people found the following review helpful
Format:Hardcover
From amongst a number of books on Hayek, I purchased this, most expensive one. However, I was deeply disappointed when I started reading it. The author covers a number of areas of Hayek's work away from economics, having taken the view that the only way to understand Hayek's economics is to understand some of his other work. The exposition is hard to follow. You really need to sit and read, and re-read chapters in order to understand what the author is saying. There is also very little criticism of Hayek's work, so that for someone who is not an economics expert, a lot of what is written needs to be taken as authority. If you want an easier read, and something that is balanced you might want to pick up The Cambridge Companion to Hayek, a cheaper book, which is also easier to read and gives a more balanced view. However, it also covers a lot of stuff other than the economics.
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