ABSTRACT

Across seventeen volumes to date, the Collected Works of F. A. Hayek series has anthologized the diverse and prolific writings of the Austrian economist synonymous with classical liberalism. Essays on Liberalism and the Economy traces the author’s long and evolving writings on the cluster of beliefs he championed most: liberalism, its core tenets, and how its tradition represents the best hope for Western civilization. 

This deft selection includes some of Hayek’s most important and famous essays as well as unpublished and lesser-known works. It contains material from almost the entire span of Hayek’s career, the earliest from 1931 and the last from 1984. The works were written for a variety of purposes and audiences, and they include—along with conventional academic papers—encyclopedia entries, after-dinner addresses, a lecture for graduate students, a book review, newspaper articles, and letters to the editors of national newspapers. While many are available elsewhere, two have never appeared in print, and two others have not been published in English. 

The varied formats collected here are enriched by Hayek’s changing voice at different stages of his life. Some of the pieces resonate as high-minded and noble; others are less formal. Some see Hayek focus on expounding his own views; others are primarily critiques of the ideas of other prominent thinkers like John Maynard Keynes and John Kenneth Galbraith. All serve to distill important aspects of Hayek’s worldview.

chapter One|39 pages

Liberalism 1

chapter Three|19 pages

The Prospects of Freedom 1

chapter Four|7 pages

The Webbs and their Work 1

chapter Six|12 pages

‘Free’ Enterprise and competitive Order 1

chapter Eight|6 pages

The Meaning of Government Interference 1

chapter Nine|20 pages

The Economics of Development Charges 1

chapter Ten|14 pages

Effects of Rent Control 1

chapter Eleven|25 pages

Economics 1

chapter Thirteen|13 pages

The Dilemma of Specialisation 1

chapter Fourteen|10 pages

Full Employment, Planning and Inflation 1

chapter Sixteen|17 pages

Unions, Inflation, and Profits 1

chapter Seventeen|13 pages

The Corporation in a Democratic Society

In Whose Interest Ought It to and Will It Be Run? 1

chapter Eighteen|6 pages

The Non Sequitur of the ‘Dependence Effect’ 1

chapter Nineteen|12 pages

What is ‘Social’? What does it Mean? 1

chapter Twenty|9 pages

The Moral Element in Free Enterprise 1

chapter Twenty-One|20 pages

The Principles of a Liberal Social Order 1

chapter Twenty-Two|8 pages

The Constitution of a Liberal State 1

chapter Twenty-Three|28 pages

The Confusion of Language in Political Thought 1

chapter Twenty-Four|13 pages

Economic Freedom and Representative Government 1

chapter Twenty-Five|42 pages

The Campaign Against Keynesian Inflation 1

chapter Twenty-Six|18 pages

The New Confusion about ‘Planning’ 1

chapter Twenty-Seven|12 pages

The Atavism of Social Justice 1

chapter Twenty-Eight|13 pages

Whither Democracy? 1

chapter Twenty-Nine|18 pages

Socialism and Science 1

chapter Thirty|14 pages

Two Pages of Fiction

The Impossibility of Socialist Calculation 1

chapter Thirty-One|61 pages

Letters to the Times, 1931–1981