Happy Birthday, Salma.
Oh wait, wrong Hayek.
Posted on 05/08/2009 10:30:06 AM PDT by 1rudeboy
Friedrich August von Hayek was born on this date, 1899, in Vienna. Most readers of this blog know his work. If you are not so familiar, here are a couple of links to introduce one of the most -- if not the most -- important thinkers of the 20th century:
Biographical note by Garrison & Kirzner, in the New Palgrave.
Same, from History of Economic Thought.
Same, from the Concise Encyclopedia of Economics.
A nice short essay on Hayek's influence, by John Cassidy, for the Hoover Digest.
The prize lecture and banquet speech he gave in Stockholm in connection with his 1974 Nobel Prize can be read here.
If you could only read one of his articles, I'd recommend his influential 1945 AER piece, The Use of Knowledge in Society.
For much more on the man and his work, see the Mises Institute website, the Library of Economics and Liberty, and Greg Ransom's Hayek Scholars' Page.
More: Come to think of it, my own links page has a number of Hayek items in section III.E., and the Mises Blog offers up a nice list of Hayek quotes for the occasion. One of my favorites: "We must face the fact that the preservation of individual freedom is incompatible with a full satisfaction of our views of distributive justice."
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Which side did he support for during the Civil War? That’s all many seem to be concerned about.
Happy Birthday, Salma.
Oh wait, wrong Hayek.
I have it on good authority that Hayek sided with the Christian Social Party during the 1934 Civil War. ;)
I dunno, there's just something about this guy that makes me think of business cycles...
No “stimulus package” required!
I’m thinking commodity market, specifically dairy.
“The most important change which extensive government control produces is a psychological change, an alteration in the character of the people . . . even a strong tradition of political liberty is no safeguard if the danger is precisely that new institutions and policies will gradually undermine that spirit [of political liberty].”
I love FA...and I love Salma
This is not the right one.
I do love Salma but she is a bit commie-ish.
Love her even with the Frida uni-brow.
Ba-doom-boom
I don’t care what the title of this article might say, but that CANNOT ever be the wrong Hayek.
Makes me want to read “The Road to Serfdom” again.
F A Hayek Ping.
Is that the same as the Road to Serfdom in cartoon form? If not, I should post that one also.
The link I provided was to an FR thread I created, which links to the PDF file. The cartoon version is included in the PDF at the end - after the Reader's Digest Condensed version, which was the only book feature which the Digest ever lead the magazine with. Hayek himself voiced approval of the way the Digest had condensed Road to Serfdom. It was the condensed version which accounted for the majority of copies of the title ever printed, and which gave the book its cache'. From the link:The F A Hayek classic, The Road to Serfdom, was published in Britain in 1944 and in America (over some determined resistance) a little later.But in April 1945 it was not only condensed in the Readers' Digest, it was the first and still the only condensed book to be the first article in an issue of the Digest, rather than being in the back. Hayek was sailing to America for what he thought would be a modest book tour at the time the April 1945 edition hit the newsstands - and he arrived to learn that The Road to Serfdom was a sensation in America and he would be speaking to huge audiences.
The original uncondensed book has gone through multiple printings since then, at least as recently as a 50th anniversary printing in 1994. It has been printed in many languages, and was read sereptitiously behind the Iron Curtain.
Makes me want to read “The Road to Serfdom” again. Have at it:
The Road to Serfdom (Link to the Readers' Digest Condensed Version in PDF!)
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