Bruce Caldwell

Hansjoerg Klausinger

The definitive account of the distinguished economist's formative years. Few twentieth-century figures have been lionized and vilified in such equal measure as Friedrich Hayek--economist, social theorist, leader of the Austrian school of economics, and champion of classical liberalism. Hayek's erudite arguments in support of individualism and the market economy have attracted a devout following, including many at the levers of power in business and government. Critics, meanwhile, cast Hayek as the intellectual forefather of "neoliberalism" and of all the evils they associate with that pernicious doctrine. In Hayek: A Life, historians of economics Bruce Caldwell and Hansjörg Klausinger draw on never-before-seen archival and family material to produce an authoritative account of the influential economist's first five decades. This includes portrayals of his early career in Vienna; his relationships in London and Cambridge; his family disputes; and definitive accounts of the creation of The Road to Serfdom and of the founding meeting of the Mont Pèlerin Society. A landmark work of history and biography, Hayek: A Life is a major contribution both to our cultural accounting of a towering figure and to intellectual history itself.

A Life, 1899-1950

Hayek

Friedrich A. von Hayek

Market and Other Orders

The Road to Serfdom, F. A. Hayek’s 1944 warning against the dangers of government control, continues to influence politics more than seventy years after it was turned down by three American publishers and finally published by the University of Chicago Press. A classic work in political philosophy, intellectual and cultural history, and economics, the definitive edition of The Road to Serfdom included this essay as its Introduction. Here, acclaimed Hayek biographer and general editor of the Collected Works of F. A. Hayek series, Bruce Caldwell explains how Hayek came to write and publish the book, assesses misunderstandings of Hayek’s thought, and suggests how Hayek’s fears of Socialism lead him to abandon the larger scholarly project he had planned in 1940 to focus instead on a briefer, more popular and political tract—one that has influenced political and economic discourse ever since.

A Brief Introduction

Hayek's The Road to Serfdom

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Friedrich A. Hayek is regarded as one of the preeminent economic theorists of the twentieth century, as much for his work outside of economics as for his work within it. During a career spanning several decades, he made contributions in fields as diverse as psychology, political philosophy, the history of ideas, and the methodology of the social sciences. Bruce Caldwell—editor of The Collected Works of F. A. Hayek—understands Hayek's thought like few others, and with this book he offers us the first full intellectual biography of this pivotal social theorist. Caldwell begins by providing the necessary background for understanding Hayek's thought, tracing the emergence, in fin-de-siècle Vienna, of the Austrian school of economics—a distinctive analysis forged in the midst of contending schools of thought. In the second part of the book, Caldwell follows the path by which Hayek, beginning from the standard Austrian assumptions, gradually developed his unique perspective on not only economics but a broad range of social phenomena. In the third part, Caldwell offers both an assessment of Hayek's arguments and, in an epilogue, an insightful estimation of how Hayek's insights can help us to clarify and reexamine changes in the field of economics during the twentieth century. As Hayek's ideas matured, he became increasingly critical of developments within mainstream economics: his works grew increasingly contrarian and evolved in striking—and sometimes seemingly contradictory—ways. Caldwell is ideally suited to explain the complex evolution of Hayek's thought, and his analysis here is nothing short of brilliant, impressively situating Hayek in a broader intellectual context, unpacking the often difficult turns in his thinking, and showing how his economic ideas came to inform his ideas on the other social sciences. Hayek's Challenge will be received as one of the most important works published on this thinker in recent decades.

An Intellectual Biography of F.A. Hayek

Hayek's Challenge

This volume draws on Hayek's shorter articles for weeklies, and his reviews, as well as academic papers and articles. It also includes a substantial introduction, providing full background and outlining the significance of this period for Hayek's intellectual development. The material is divided into three sections: *Hayek's contributions to the famous market socialism debate *Hayek's responses to the onset of war, including his response to Keynes' How to Pay for the War *his papers on the relationship between economic planning and freedom

Essays, Documents, Reviews

Socialism and War

Since its publication in 1982, Beyond Positivism has become established as one of the definitive statements on economic methodology. The book’s rejection of positivism and its advocacy of pluralism were to have a profound influence in the flowering of work methodology that has taken place in economics in the decade since its publication. This edition contains a new preface outlining the major developments in the area since the book’s first appearance. The book provides the first comprehensive treatment of twentieth century philosophy of science which emphasizes the issues relevant to economics. It proceeds to demonstrate this relevance by reviewing some of the key debates in the area. Having concluded that positivism has to be rejected, the author examines possible alternative bases for economic methodology. Arguing that there is no best method, he advocates methodological pluralism.

Bruce Caldwell

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