Changes

[[Image:Hayek.jpg|right|frame]]

[[Image:Hayek.jpg|right|frame]]

'''Friedrich August Von Hayek''' (1899-1992) was an [[Austria|Austrian]] [[Nobel Prize]]-winning [[economist]] and one of the most prominent members of the [[Austrian School of Economics]], a [[libertarian]] economic theory.  Hayek emphasized our limited knowledge of the markets (and other subjects), and thus our need for the price mechanism to communicate essential information about supply and demand.  His theories are that  no centralized planner or government can manage the [[economy]] and that the [[free market]] is the most efficient known allocator of resources.

'''Friedrich August Von Hayek''' (1899–1992) was an [[Austria]]n [[Nobel Prize]]-winning [[economist]] and one of the most prominent members of the [[Austrian School of Economics]], a [[libertarian]] economic theory.  Hayek emphasized our limited knowledge of the markets (and other subjects), and thus our need for the price mechanism to communicate essential information about supply and demand.  His theories are that  no centralized planner or government can manage the [[economy]] and that the [[free market]] is the most efficient known allocator of resources.

Although Hayek was a self-proclaimed [[agnostic]]—which helps explain why was allowed to win a [[Nobel Prize]]—analysis has shown that "his treatment of individual liberty was more consistent

Although Hayek was a self-proclaimed [[agnostic]]—which helps explain why was allowed to win a [[Nobel Prize]]—analysis has shown that "his treatment of individual liberty was more consistent

===''The Constitution of Liberty''===

===''The Constitution of Liberty''===

In the 1950's and now domiciled in the United States, Hayek perceived the need for a more systematic popular treatment of the case for liberal democracy than the arguments he had advanced in ''Serfdom''; the result was 1960's magisterial three-part ''The Constitution of Liberty''.  Although this new work, weighing-in at 350 pages plus extensive endnotes, could not hope to equal the success of his earlier book, nevertheless Hayek's ''Constitution'' had huge influence (especially in the UK, somewhat ironically) becoming, along with [[Karl Popper]]'s ''The Open Society and its Enemies'', a founding text of Thatcherism.  "This is what we believe," affirmed a stern-faced [[Margaret Thatcher]] at a 1975 opposition meeting, according to John Ranelagh - holding up her copy just long enough for the attendees to read the title before banging it down emphatically onto the table.

In the 1950s and now domiciled in the United States, Hayek perceived the need for a more systematic popular treatment of the case for liberal democracy than the arguments he had advanced in ''Serfdom''; the result was 1960's magisterial three-part ''The Constitution of Liberty''.  Although this new work, weighing-in at 350 pages plus extensive endnotes, could not hope to equal the success of his earlier book, nevertheless Hayek's ''Constitution'' had huge influence (especially in the UK, somewhat ironically) becoming, along with [[Karl Popper]]'s ''The Open Society and its Enemies'', a founding text of Thatcherism.  "This is what we believe," affirmed a stern-faced [[Margaret Thatcher]] at a 1975 opposition meeting, according to John Ranelagh - holding up her copy just long enough for the attendees to read the title before banging it down emphatically onto the table.

===Criticism of Social Justice, Mill===

===Criticism of Social Justice, Mill===

*  Gamble, Andrew. (1996) ''The Iron Cage of Liberty'', an analysis of Hayek's ideas

*  Gamble, Andrew. (1996) ''The Iron Cage of Liberty'', an analysis of Hayek's ideas

* Gray, John, 1998. ''Hayek on Liberty''.

* Gray, John, 1998. ''Hayek on Liberty''.

* Horwitz, Steven. "Friedrich Hayek, Austrian Economist." ''Journal of the History of Economic Thought'' 2005 27(1): 71-85. Issn: 1042-7716 Fulltext: in Swetswise, Ingenta and Ebsco

* Horwitz, Steven. "Friedrich Hayek, Austrian Economist." ''Journal of the History of Economic Thought'' 2005 27(1): 71–85. Issn: 1042-7716 Fulltext: in Swetswise, Ingenta and Ebsco

* Kasper, Sherryl, 2002, ''The Revival of Laissez-Faire in American Macroeconomic Theory: A Case Study of Its Pioneers''. Chpt. 4.

* Kasper, Sherryl, 2002, ''The Revival of Laissez-Faire in American Macroeconomic Theory: A Case Study of Its Pioneers''. Chpt. 4.

* Kley, Roland, 1994. ''Hayek's Social and Political Thought''. Oxford Univ. Press.

* Kley, Roland, 1994. ''Hayek's Social and Political Thought''. Oxford Univ. Press.

* Samuelson, Richard A. "Reaction to the Road to Serfdom." ''Modern Age'' 1999 41(4): 309-317. [http://209.85.173.132/search?q=cache:K5DRrwv_AQEJ:www.firstprinciplesjournal.com/articles.aspx%3Farticle%3D746%26theme%3Dfrmar%26loc%3Db+Samuelson,+Richard+A.+%22Reaction+to+the+Road+to&hl=en&ct=clnk&cd=2&gl=us&client=firefox-a Fulltext online]

* Samuelson, Richard A. "Reaction to the Road to Serfdom." ''Modern Age'' 1999 41(4): 309–317. [http://209.85.173.132/search?q=cache:K5DRrwv_AQEJ:www.firstprinciplesjournal.com/articles.aspx%3Farticle%3D746%26theme%3Dfrmar%26loc%3Db+Samuelson,+Richard+A.+%22Reaction+to+the+Road+to&hl=en&ct=clnk&cd=2&gl=us&client=firefox-a Fulltext online]

* Vernon, Richard. "The 'Great Society' and the 'Open Society': Liberalism in Hayek and Popper." ''Canadian Journal of Political Science'' 1976 9(2): 261-276. Issn: 0008-4239 Fulltext: in Jstor

* Vernon, Richard. "The 'Great Society' and the 'Open Society': Liberalism in Hayek and Popper." ''Canadian Journal of Political Science'' 1976 9(2): 261–276. Issn: 0008-4239 Fulltext: in Jstor

===Primary sources===

===Primary sources===

* Hayek, Friedrich. ''Hayek on Hayek: an autobiographical dialogue, ed. S. Kresge and L. Wenar (1994)

* Hayek, Friedrich. ''Hayek on Hayek: an autobiographical dialogue, ed. S. Kresge and L. Wenar (1994)