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020 _a9781349681754
082 _a320.512092
_bBOE
100 _aBoettke, Peter J.
_914415
245 _aF. A. Hayek:
_beconomics, political economy and social philosophy
260 _bPalgrave Macmillan
_aLondon
_c2019
300 _axxvii, 323 p.
365 _aEURO
_b29.99
490 _aGreat Thinkers in Economics (GTE)
520 _aThis book explores the life and work of Austrian-British economist, political economist, and social philosopher, Friedrich Hayek. Set within a context of the recent financial crisis, alongside the renewed interest in Hayek and the Hayek-Keynes debate, the book introduces the main themes of Hayek’s thought. These include the division of knowledge, the importance of rules, the problems with planning and economic management, and the role of constitutional constraints in enabling the emergence of unplanned order in the market by limiting the perverse incentives and distortions in information often associated with political discretion. Key to understanding Hayek's development as a thinker is his emphasis on the knowledge problem that economic decision makers face and how alternative institutional arrangements either hinder or assist them in overcoming that epistemic dilemma. Hayek saw order emerging from individual action and responsibility under the appropriate institutional order that itself emerges from actors discovering new and better ways to coordinate their behavior. This book will be of interest to all those keen to gain a deeper understanding of this great 20th century thinker in economics. (https://link.springer.com/book/10.1057/978-1-137-41160-0#about-this-book)
650 _aPolitical and social views
_913343
650 _aEconomics
_913542
650 _aPolitical science
_916114
942 _cBK
_2ddc
999 _c6162
_d6162