Trend of Economic Thinking: Essays on Political Economists and Economic History (Collected Works of F. A. Hayek) - Softcover

F A Hayek

Softcover

ISBN 10: 0865977429 ISBN 13: 9780865977426

Publisher: Liberty Fund Inc. (US), 2009

Synopsis

The Iron Curtain has been cast aside. The Berlin Wall has fallen. Germany is reunited. And F. A. Hayek's forceful predictions of the inevitable failure of socialism and central economic planning are now rendered irrefutable. Yet Hayek still rightfully cautions us to heed his arguments, warning that "in economics you can never establish a truth once and for all but have always to convince every generation anew."

"The Trend of Economic Thinking" captures Hayek's views on political economists and economic history--on Mandeville, Hume, Cantillon, Adam Smith, and Henry Thornton. Framed by insightful editorial notes, fifteen newly collected essays--including five previously unpublished pieces and two others never before available in English--provide a fascinating introduction to the historical context of political economy and the evolution of monetary practices. In a highlight of the collection, "On Being an Economist, " Hayek reflects on the influence of economists, the time required for new ideas to take hold, the best way to educate economic theorists, and the need to follow one's own interests, often in opposition to fashionable beliefs. As always, the words of this outspoken scholar are sure to provoke debate.

About this title

Review:

F. A. Hayek, awarded the Nobel Memorial Prize in Economic Sciences in 1974, was a pioneer in monetary theory and one of the principal proponents of the libertarian philosophy. This collection of 15 of his essays captures Hayek's views on political economy and economic history expressed in the writings of Mandeville, Hume, Cantillon, Adam Smith, and Henry Thornton. The essays, supplemented by editorial notes, provide an introduction to the historical context of political economy in Britain and the evolution of monetary practices. Five of the essays had never been published, and two others had never been available in English, when the first printing of the book was published in 1991.

Reference & Research Book News
May 2009

Economic thinking, just like any other school of thought, has had its own evolution over the years. The Trend of Economic Thinking: Essays on Political Economists and Economic History is a collection of essays from renown economic scientist F. A. Hayek chronicling the ideas of one of the best economic minds of the twentieth century. His essays discuss the past history of economics from the times of Adam Smith, to his own contemporary times where capitalism and communism were at each other's throats at every front. A must read for any economics student or simply one who wants a better grasp of how money works in the world, The Trend of Economic Thinking is a fine choice in any regard.

Midwest Book Review
May 2009

About the Author:

F. A. Hayek (1899-1992), recipient of the Medal of Freedom in 1991 and co-winner of the Nobel Memorial Prize in Economics in 1974, was a pioneer in monetary theory and a leading proponent of classical liberalism in the twentieth century. He taught at the University of London, the University of Chicago, and the University of Freiburg."

About this edition

• Publisher: Liberty Fund Inc. (US)
• Publication date: 2009
• ISBN 10: 0865977429
• ISBN 13: 9780865977426
• Binding: Paperback
• Number of pages: 388
• Editor: F A Hayek, W Bartley, S Kresge