Hayek: A Collaborative Biography

Part XII: Liberalism in the Classical Tradition, Austrian versus British

  • Robert Leeson

Part of the Archival Insights into the Evolution of Economics book series (AIEE)

Table of contents

  1. Front Matter
    Pages i-xii
  2. Two Competing Neoclassical Traditions

  3. Seeing the Utopian ‘Theory of the Order as a Whole’ to ‘Make Politically Possible What Today may be Politically Impossible’

  4. Back Matter
    Pages 367-414

About this book


F.A. von Hayek (1899-1992) was a Nobel Prize winning economist, famous for promoting an Austrian version of classical liberalism. The multi-volume Hayek: A Collaborative Biography examines the evolution of his life and influence.

Two concepts of civilization revolve around power – should it be separated or concentrated?  Liberalism in the non-Austrian classical tradition remains fearful of power concentrated in the hands of government, labour unions or corporations; Red Terrorists sought to monopolize power to liquidate enemies and competitors as a prelude to utopia (the ‘withering away of the State’); and behind the ‘slogan of liberty,’ White Terror promoters (Mises and Hayek) sought to concentrate power in the hands of a ‘dictatorial democracy’ where henchmen would liquidate enemies, and – ‘guided’ by ‘utopia’ (the ‘spontaneous’ order) – follow orders from their social superiors. This volume, Part XII, examines the ‘free’ market Use of Knowledge in Society; examines the foundations of ‘free’ market educational credentials; and asks whether those funded by the tobacco industry and the carbon lobby should be accorded ‘independent policy expert’ status.  


Austrian School of Economics Classical liberalism Karl Popper Karl Polanyi Wilhelm von Humboldt Serfdom Austrian Business Cycle Theory Ordo-liberalism Free markets neoclassical economics fascism climate change aristocratic influence white supremacism Nobel Prize Hayek Mises Labour unions Red Terrorists Use of Knowledge in Society

Authors and affiliations

  • Robert Leeson
    • 1
  1. 1.Department of EconomicsStanford UniversityStanfordUSA

Bibliographic information

  • DOI
  • Copyright Information The Editor(s) (if applicable) and The Author(s) 2018
  • Publisher Name Palgrave Macmillan, Cham
  • eBook Packages Economics and Finance
  • Print ISBN 978-3-319-74508-4
  • Online ISBN 978-3-319-74509-1
  • Buy this book on publisher's site