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Great Economists, The
book

Great Economists, The

by Phil Thornton
June 2014
Beginner content levelBeginner
264 pages
4h 53m
English
FT Publishing International
Content preview from Great Economists, The

Chapter 6

Friedrich Hayek – the archetypal libertarian

‘The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design.’

F.A. Hayek, The Fatal Conceit, 1988

It was an intellectual battle that has reverberated through economics, politics and philosophy – and even rap music – right through to the present day. Even as Keynes was busy in Cambridge formulating his General Theory, his ideas were being challenged by an Austrian economist who had moved to London, would later take British citizenship and ultimately earn the Nobel Prize for his thinking that ran wholly contrary to that of his adversary.

The philosophy Hayek set out sought to repudiate the principles not just of Keynesianism ...

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Publisher Resources

ISBN: 9781292009414