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F.A. Hayek: need Freeper advice on where to start

Posted on 07/24/2007 8:00:35 AM PDT by Bluegrass Federalist

I have been interested for some time in studying Hayek, but have never read any of his works, or any of the biographies. Milton Friedman's Free to Choose is a favorite, but have never read Hayek. Do any Freepers have advice on where to start to get a good picture of Hayek? The Road To Serfdom or The Constitution of Liberty look like good starts, but would I be better off with a biography or other compilation? Does anyone have any suggestions?

Mods, if this should be posted somewhere else, please feel free to move it or ask me to re-post. Thanks, all.


TOPICS: Business/Economy; Philosophy; Your Opinion/Questions
KEYWORDS: economics; hayek; liberty
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1 posted on 07/24/2007 8:00:38 AM PDT by Bluegrass Federalist
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To: Bluegrass Federalist

I’m reading the “Road to Serfdom” now. It’s excellent — wouldn’t be a bad place at all to start.


2 posted on 07/24/2007 8:04:06 AM PDT by BfloGuy (It is not from the benevolence of the butcher, the brewer, or the baker, that we can expect . . .)
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To: Bluegrass Federalist

Go to www.mises.org, There is a wealth of material there.

They have an excellent podcast, and in their Media area, they have free .mp3 files of seminars, some of which talk about Hayek.

Using their search for “Hayek”, there are 11,000 hits on their site:
http://www.googlesyndicatedsearch.com/u/Mises?hl=en&submit.x=0&submit.y=0&q=hayek


3 posted on 07/24/2007 8:06:28 AM PDT by theBuckwheat
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To: Bluegrass Federalist
I bought "The Road to Serfdom" and started to read it, but was disappointed in the most recent preface where Hayek expresses dismay at the fact that his work has been so enthusiastically embraced by US ignoramuses.

At that point I set it down.

4 posted on 07/24/2007 8:07:12 AM PDT by E. Pluribus Unum (Islam is a religion of peace, and Muslims reserve the right to kill anyone who says otherwise.)
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To: Bluegrass Federalist

Yes, “Road to Serfdom” is probably the place to start. “The Fatal Conceit” is the last thing he wrote and pretty much summerizes his mature thought.


5 posted on 07/24/2007 8:08:52 AM PDT by marko525 (Never tear down a fence until you know why it was put up in the first place.)
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To: Bluegrass Federalist
Definitely read the Road to Serfdom, however the video Commanding Heights, episode 1 gives a very good overview of Hayek and his influence on economic theory in the late 20th century. I require my online macroeconomics students watch this video as part of their class. Commanding Heights online
6 posted on 07/24/2007 8:14:42 AM PDT by The Great RJ ("Mir we bleiwen wat mir sin" or "We want to remain what we are." ..Luxembourg motto)
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To: The Great RJ

Bump for my second favorite economist.


7 posted on 07/24/2007 8:24:28 AM PDT by Uncle Miltie (Confidence in Congress has hit an all-time low of 14%)
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To: Bluegrass Federalist

I heard about Hayek on a history channel about Reagan and Thatcher. I read his book. I had to relearn the definition of “Liberal” and had trouble with translating his terms as terms have changed over the years. His concepts have not changed and are applicable today


8 posted on 07/24/2007 8:28:30 AM PDT by tobyone
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To: Bluegrass Federalist

http://cafehayek.typepad.com/hayek/


9 posted on 07/24/2007 8:45:54 AM PDT by george76 (Ward Churchill : Fake Indian, Fake Scholarship, and Fake Art)
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To: Bluegrass Federalist

“Road to Serfdom” is a great beginning to your walk to freedom.


10 posted on 07/24/2007 8:46:09 AM PDT by headsonpikes (Genocide is the highest sacrament of socialism.)
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To: Bluegrass Federalist; BfloGuy
I would second BLOGuy's suggestion. Also, The Fatal Conceit is brilliant.
11 posted on 07/24/2007 8:59:37 AM PDT by ModelBreaker
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To: Bluegrass Federalist
An outstanding series on DVD called "Commanding Heights; The Battle for the World Economy" is an excellent resource.

It pits Hayek and Keynes' ideas and history all the way up to current economic (2002 or so) issues. Outstanding as well is the explanation of how Reagan and Thatcher embraced Hayek's ideas and how they turned around their respective economies by doing so.

12 posted on 07/24/2007 9:06:32 AM PDT by Sam's Army
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To: Bluegrass Federalist
It came out in 1944 flying into the teeth of socialism, the dominant paradigm of the time.

Outstanding book.

The Road to Serfdom is a book written by Friedrich Hayek (recipient of the Nobel Prize in Economics in 1974) and originally published by Routledge Press in March 1944 in the UK and then by the University of Chicago in September 1944. In April, 1945, Reader's Digest published a slightly shortened version of the book (still in print from the Institute of Economic Affairs), which eventually reached more than 600,000 readers. Around 1950 a picture-book version was published in Look Magazine, later made into a pamphlet and distributed by General Motors. The book has been translated into approximately 20 languages and is dedicated to "The socialists of all parties". The introduction to the 50th anniversary edition is written by Milton Friedman (another recipient of the Nobel Prize in Economics (1976)). In 2007, the University of Chicago Press put out a "Definitive Edition". The Road to Serfdom is among the most influential and popular expositions of classical liberalism and libertarianism.

This single book has significantly shaped the political ideologies of Margaret Thatcher, Ronald Reagan and the concepts of 'Reagonomics' and 'Thatcherism'. It also lead to the revival of Neoclassical economics in the West and lessening the Keynesian influence.

13 posted on 07/24/2007 9:10:49 AM PDT by Donald Rumsfeld Fan (NY Times: "fake but accurate")
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To: Bluegrass Federalist

The End of History and the Last Man: by Francis Fukuyama

I keep this on my nightstand. It puts me right to sleep.


14 posted on 07/24/2007 9:18:49 AM PDT by tumblindice
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To: Bluegrass Federalist

Road to Serfdom is essential reading.


15 posted on 07/24/2007 9:20:56 AM PDT by Lonesome in Massachussets (I never consented to live in the Camp of the Saints.)
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To: Bluegrass Federalist

Another Hayek worth studying, IMO!


16 posted on 07/24/2007 9:21:59 AM PDT by DCPatriot ("It aint what you don't know that kills you. It's what you know that aint so" Theodore Sturgeon))
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To: DCPatriot

she was, till she got knocked up by some french dude :(


17 posted on 07/24/2007 9:27:12 AM PDT by isom35
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To: Bluegrass Federalist
The Road to Serfdom gave him some fame outside of economic circles and explained how the twentieth century totalitarian countries all had wrecked the world due to leftist "planners" and such was the fate for mixed socialism if we kept down that path. It is short and well worth the read.

I would, however, recommend The Constitution of Liberty which was written more for the British audience. It gives a much better view of his political thought.

A snip from chapter four:

CHAPTER FOUR

Sub-chapters 1 - 5
1. Though freedom is not a state of nature but an artifact of civilization, it did not arise from design. The institutions of freedom, like everything freedom has created, were not established because people foresaw the benefits they would bring. But, once its advantages were recognized, men began to perfect and extend the reign of freedom and, for that purpose, to inquire how a free society worked. This development of a theory of liberty took place mainly in the eighteenth century. It began in two countries, England and France. The first of these knew liberty; the second did not.

As a result, we have had to the present day two different traditions in the theory of liberty: one empirical and unsystematic, the other speculative and rationalistic –the first based on an interpretation of traditions and institutions which had spontaneously grown up and were but imperfectly understood, the second aiming at the construction of a utopia, which has often been tried but never successfully. Nevertheless, it has been the rationalistic, plausible, and apparently logical argument of the French tradition, with its flattering assumptions about the unlimited powers of human reason, that has progressively gained influence, while the less articulate and less explicit tradition of English freedom has been on the decline.

This distinction is obscured by the fact that what we have called the “French tradition” of liberty arose largely from an attempt to interpret British institutions and that the conceptions which other countries formed of British institutions were based mainly on their descriptions by French writers. The two traditions became finally confused when they merged in the liberal movement of the nineteenth century and when even leading British liberals drew as much on the French as on the British tradition. It was, in the end, the victory of the Benthamite Philosophical Radicals over the Whigs in England that concealed the fundamental difference which in more recent years has reappeared as the conflict between liberal democracy and “social” or totalitarian democracy.

This difference was better understood a hundred years ago than it is today. In the year of the European revolutions in which the two traditions merged, the contract between “Anglican” and “Gallican” liberty was still clearly described by an eminent German-American political philosopher. “Gallican Liberty,” wrote Francis Lieber in 1848, “is sought in the government, and according to an Anglican point of view, it is looked for in the wrong place, where it cannot be found. Necessary consequences of the Gallican view are, that the French look for the highest degree of political civilization in organization, that is, in the highest degree of interference by public power. The question whether this interference be despotism or liberty is decided solely by the fact who interferes, and for the benefit of which class the interference takes place, while according to the Anglican view this interference would always be either absolutism or aristocracy, and the present dictatorship of the ouvriers would appear to us an uncompromising aristocracy of the ouvriers.”

Since this was written, the French tradition has everywhere progressively displaced the English. To disentangle the two traditions it is necessary to look at the relatively pure forms in which they appeared in the eighteenth century. What we have called the “British Tradition” was made explicit mainly by a group of Scottish moral philosophers led by David Hume, Adam Smith and Adam Ferguson, seconded by their English contemporaries Josiah Tucker, Edmund Burke and William Paley, and drawing largely on a tradition rooted in the jurisprudent of the common law. Opposed to them was the tradition of the French Enlightenment, deeply imbued with Cartesian rationalism: the Encyclopedists and Rousseau, the Physiocrats and Condorcet, are their best know representatives. Of course, the division does not fully coincide with national boundries. Frenchmen, like Montesquieu and, later, Benjamin Constant and, above all, Alexis de Tocqueville are probably nearer to what we have called the “British” than to the “French” tradition. And in Thomas Hobbes, Britian as provided at least on e of the founders of rationalist tradition, not to speak of a whole generation of enthusiasts for the French Revolution, like Godwin, Priestly, Price, and Paine, who (like Jefferson after his stay in France) belong entirely to it.

2. Though these two groups are now commonly lumped together as ancestors of modern liberalism, there is hardly a greater contrast imaginable than that between their respective conceptions of the evolution and functioning of a social order and the role played in it by liberty. The difference is directly traceable to the predominance of an essentially empiricist view of the world in England and a rationalist approach in France. The main contrast in the practical conclusions to which these approaches led has recently been put, as follows: “One finds the essence of freedom in spontaneity and the absence of coercion, the other believes it to be realized only in the pursuit and attainment of an absolute collective purpose”, and “one stands for organic, slow, half-conscious growth, the other for doctrinaire deliberativeness; one for trail and error procedure, the other for an enforced solely valid pattern.” It is the second view, as J. L. Talmon has shown in an important book from which this description is taken, that has become the origin of totalitarian democracy.

The sweeping success of the political doctrines that stem from the French tradition is probably due to their great appeal to human pride and ambition. But we must not forget that the political conclusions of the two schools derive from the different conceptions of how society works. In this respect, the British philosophers laid the foundations of a profound and essentially valid theory, while the rationalist school was simply and completely wrong.

Those British philosophers have given us an interpretation of the growth of civilization that is still the indispensable foundation of the argument for liberty. They find the origin of institutions, not in contrivance or design, but in the survival of the successful. Their view is expressed in terms of “how nations stumble upon establishments which are indeed the result of human action but not the execution of human design.” It stresses that what we call political order is much less the product of our ordering intelligence than is commonly imagined. As their immediate successors saw it, what Adam Smith and his contemporaries did was “to resolve almost all that has been ascribed to positive institution into the spontaneous and irresistible development of certain obvious principles—and to show how little contrivance or political wisdom the most complicated and apparently artificial schemes of policy might have been erected.”

This “anti-rationalistic insight into historical happenings that Adam Smith shares with Hume, Adam Ferguson, and others” enabled them for the first time to comprehend how institutions and morals, language and law, have evolved by a process of cumulative growth and that it is only with and within this framework that human reason has grown and can successfully operate. Their argument is directed throughout against the Cartesian conception of an independently and antecedently existing human reason that invented these institutions and against the conception that civil society formed by some wise original legislator or an original “social contract.” The latter idea of intelligent men coming together for deliberation about how to make the world anew is perhaps the most characteristic outcome of thos design theories. It found its perfect expression when the leading theorist of the French Revolution, Abbe Sieyes, exhorted the revolutionary assembly “to act like men just emerging from the state of nature and coming together for the purpose of signing a social contract.”

The ancients understood the conditions of liberty better than that. Cicero quotes Cato as saying that the Roman constitution was superior to that of other states because it “was based upon the genius, not of one man, but of many: it was founded, not in one generation, but in a long period of several centuries and many ages of men. For, said he, there never has lived a man possessed of so great a genius that nothing could escape him, nor could the combined powers of all men living at one time possibly make all the necessary provisions for the future without the aid of actual experience and the test of time.” Neither republican Rome not Athens – the tow free nations of the ancient world—could thus serve as and example for rationalists. For Descartes, the fountainhead of the rationalist tradition, it was indeed Sparta that provided the model; for her greatness “was due not the pre-eminence of each of its laws in particular…but to the circumstance that, originated by a single individual, they all tended to the same end.” And it was Sparta which became the ideal of liberty for Rousseau as well as for Robespierre and Saint-Just and for most of the later advocates of “social” or totalitarian democracy.

Like the ancient, the modern British conception of liberty grew against the background of a comprehension, first achieved by the lawyers, of how institutions had developed. “There are many things specifically in laws and governments,” wrote Chief Justice Hale in the seventeenth century in a critique of Hobbes, “that mediately, remotely and consequentially are reasonable to be approved, though the reason of the party does not presently or immediately and distinctly see its reasonableness…Long experience makes more discoveries touching conveniences or inconveniences of laws than is possible for the wisest council of men at first to foresee. And that those amendments and supplements that through the various experiences of wise and knowing men have been applied to any law must needs be better suited to the convenience of laws, than the best invention of the most pregnant wits not aided by such a series and tract of experience…This add to the difficulty of the present fathoming of the reason of laws, which, though it commonly be called the mistress of fools, yet certainly it is the wisest expedient among mankind, and discovers those defects and supplies which no wit of man could either at once foresee or aptly remedy…It is not necessary that the reasons of the institution should be evident unto us. It is sufficient that they are instituted laws that give a certainty to us, and it is reasonable to observe them though the particular reason of the institution appear not.”

3. From these conceptions gradually grew a body of social theory that showed how, in the relations among men, complex and orderly and, in a very definite sense, purposive institutions might grow up which owed little to design, which were not invented but arose from the separate action of many men who did nto know what they were doing. This demonstration that something greater than man’s individual mind may grow from men’s fumbling efforts represented in some ways an even greater challenge to all design theories than even the later theory of biological evolution. For the first time it was shown that an evident order which was not the product of designing human intelligence, but that there was a third possibility—the emergence of order as the result of adaptive evolution.

Since the emphasis we shall have to place on the role that selection plays in this process of social evolution today is likely to create the impression that we are borrowing the idea from biology, it is worth stressing that it was from the theories of social evolution that Darwin and his contemporaries derived the suggestion for their theories. Indeed, one of those Scottish philosophers who first developed these ideas anticipated Darwin even in the biological field, and later application of these conceptions by the various “historical schools” in law and language rendered the idea that similarity of structure might be accounted for by a common origin a common place in the study of social phenomena long before it was applied to biology. It is unfortunate that at a later date the social sciences, instead of building on these beginnings in their own field, re-imported some of these ideas from biology and with them brought in such conceptions as “natural selection,” “struggle for existence,” and “survival of the fittest,’ which are not appropriate in their field; for in social evolution, the decisive factor is not the selection of the physical and inherited properties of the individuals but the selection by imitation of successful institutions and habits. Though this operates also through the success of individuals and groups, what emerges is not an inheritable attribute of individuals, but ideas and skills – in short, the whole cultural inheritance which is passed on by learning and imitation.

An interesting story is during the rebirth of the Conservative Party in Britain that eventually gave the Premiership to Thatcher, all the party faithful were debating internally one night as to what their program and platform should be. Various members offered this and that, and eventually Maggie got impatient.

She stood up and walked to the podium. She slammed a book down on the podium and demanded, "this is what we believe."

That book she slammed down was The Constitution of Liberty".

18 posted on 07/24/2007 9:49:20 AM PDT by KC Burke (Men of intemperate minds can never be free...their passions forge their fetters.)
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To: KC Burke

Thanks for keying that in, KC. You’ll have it all online eventually!


19 posted on 07/25/2007 6:23:51 PM PDT by cornelis
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To: KC Burke
one empirical and unsystematic, the other speculative and rationalistic

Worth a day's thought and more.

20 posted on 07/25/2007 6:25:40 PM PDT by cornelis
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