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About this book
Friedrich A. Hayek is regarded as one of the preeminent economic theorists of the twentieth century, as much for his work outside of economics as for his work within it. During a career spanning several decades, he made contributions in fields as diverse as psychology, political philosophy, the history of ideas, and the methodology of the social sciences. Bruce Caldwell—editor of The Collected Works of F. A. Hayek—understands Hayek's thought like few others, and with this book he offers us the first full intellectual biography of this pivotal social theorist.
Caldwell begins by providing the necessary background for understanding Hayek's thought, tracing the emergence, in fin-de-siècle Vienna, of the Austrian school of economics—a distinctive analysis forged in the midst of contending schools of thought. In the second part of the book, Caldwell follows the path by which Hayek, beginning from the standard Austrian assumptions, gradually developed his unique perspective on not only economics but a broad range of social phenomena. In the third part, Caldwell offers both an assessment of Hayek's arguments and, in an epilogue, an insightful estimation of how Hayek's insights can help us to clarify and reexamine changes in the field of economics during the twentieth century.
As Hayek's ideas matured, he became increasingly critical of developments within mainstream economics: his works grew increasingly contrarian and evolved in striking—and sometimes seemingly contradictory—ways. Caldwell is ideally suited to explain the complex evolution of Hayek's thought, and his analysis here is nothing short of brilliant, impressively situating Hayek in a broader intellectual context, unpacking the often difficult turns in his thinking, and showing how his economic ideas came to inform his ideas on the other social sciences.
Hayek's Challenge will be received as one of the most important works published on this thinker in recent decades.
Caldwell begins by providing the necessary background for understanding Hayek's thought, tracing the emergence, in fin-de-siècle Vienna, of the Austrian school of economics—a distinctive analysis forged in the midst of contending schools of thought. In the second part of the book, Caldwell follows the path by which Hayek, beginning from the standard Austrian assumptions, gradually developed his unique perspective on not only economics but a broad range of social phenomena. In the third part, Caldwell offers both an assessment of Hayek's arguments and, in an epilogue, an insightful estimation of how Hayek's insights can help us to clarify and reexamine changes in the field of economics during the twentieth century.
As Hayek's ideas matured, he became increasingly critical of developments within mainstream economics: his works grew increasingly contrarian and evolved in striking—and sometimes seemingly contradictory—ways. Caldwell is ideally suited to explain the complex evolution of Hayek's thought, and his analysis here is nothing short of brilliant, impressively situating Hayek in a broader intellectual context, unpacking the often difficult turns in his thinking, and showing how his economic ideas came to inform his ideas on the other social sciences.
Hayek's Challenge will be received as one of the most important works published on this thinker in recent decades.
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Yes, you can access Hayek's Challenge by Bruce Caldwell in PDF and/or ePUB format, as well as other popular books in Business & Business Biographies. We have over one million books available in our catalogue for you to explore.
Information
Publisher
University of Chicago PressYear
2008Print ISBN
9780226091938, 9780226091914eBook ISBN
9780226091921INDEX
abstraction, theoretical, 69, 75, 90
Abuse of Reason project, 181, 231, 232, 240, 241n, 253 – 60, 280, 284 – 85, 305, 319, 339, 426, 428
action. See human action
Althoff, Friedrich, 41n, 62, 79, 79n, 86
Althoff system, 62, 80, 86 – 87
analytic-synthetic distinction, 125, 195 – 96
Anschluss, 138, 139n. 6
anticipations. See expectations
apriorism: and analyticity, 125n. 20, 222 – 23; Hayek’s multiple uses of the term, 222 – 23; and Kant, 274n. 10; in Mises, 1 – 2, 112n, 124 – 26, 125n. 21, 129, 149, 190, 192 – 96, 200n, 220 – 23, 328 – 29, 409, 417, 419 – 21, 423; and Robbins, 191 – 96, 330 – 31, 382
assumptions: realism of, does not matter, 331; realisticness of, 336n; unrealistic, 333 – 36, 336n, 387
assumptions, fundamental. See postulates of economics
atomism, 70 – 71, 73
Austrian academic system. See higher education, Austrian
Austrian economics: and the German historical school, 46 – 48, 77 – 78, 127; history of, 4, 8, 17, 28 – 32, 80 – 81, 100 – 106, 126 – 30; and institutionalism, 77, 77n. 9, 348; literature on, 12; at New York University, 1; and other marginal-ist approaches, 31 – 32; recent contributions to, 228 – 29, 326 – 27, 326n
Austro-Marxism, 99, 104 – 7, 113, 128
automata: logic of, 278n. 15, 299, 362; theory of, 303
Bartley, W. W., III, 254n, 316 – 18, 317n. 33
Bauer, Otto, 104 – 7, 105n
behaviorism, 123, 143, 282n. 18, 436; criticized by Knight, 184n, 248; criticized by Robbins, 189; criticized in the “Scien-tism” essay, 247 – 50, 259, 284; criticized ...
Table of contents
- Cover
- Title Page
- Copyright
- Dedication
- Contents
- Acknowledgments
- Introduction
- I. The Austrian School and Its Opponents—Historicists, Socialists, and Positivists
- II. Hayek’s Journey
- III. Hayek’s Challenge
- Appendix A: A Translation of Schmoller’s Review of Menger’s Principles
- Appendix B: Continuity versus Change in Hayek’s Economics in the 1930s
- Appendix C: Hayek’s Transformation Redux
- Appendix D: The “Scientism” Essay as Rorschach Test
- Bibliography
- Index