Overview
- Makes extensive use of archival material to support arguments and debates
- Presents a comprehensive discussion of Hayek's influence and influences
- Explores the School of Chicago Economics
Part of the book series: Archival Insights into the Evolution of Economics (AIEE)
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About this book
The evidence suggests that Hayek’s fraudulent assertion was uncovered at the University of Chicago in the early 1930s – but not reported. The most likely explanation is self-censorship - for reasons of ideological correctness, fund raising and residual deference to the Second Estate. Four indirect tests suggest that ‘free’ market economists have - in other instances and presumably for fund-raising motives - suppressed embarrassing ‘knowledge’: which suggests that they were perfectly capable of suppressing ‘knowledge’ about Hayek’s non-prediction of the Great Depression.
With respect to the Nobel Prize and thus his ability to reach a wider audience, Hayek was fortune in having two loyal ‘intermediaries’: Lionel Robbins and Fritz Machlup who were – and probably felt themselves to be – ‘socially’ inferior to ‘von’ Hayek.
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Keywords
Table of contents (11 chapters)
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Hayek’s Luck
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The Chicago School of Economics
Editors and Affiliations
About the editor
Bibliographic Information
Book Title: Hayek: A Collaborative Biography
Book Subtitle: Part XV: The Chicago School of Economics, Hayek’s ‘luck’ and the 1974 Nobel Prize for Economic Science
Editors: Robert Leeson
Series Title: Archival Insights into the Evolution of Economics
DOI: https://doi.org/10.1007/978-3-319-95219-2
Publisher: Palgrave Macmillan Cham
eBook Packages: Economics and Finance, Economics and Finance (R0)
Copyright Information: The Editor(s) (if applicable) and The Author(s), under exclusive license to Springer Nature Switzerland AG 2018
Hardcover ISBN: 978-3-319-95218-5Published: 16 November 2018
Softcover ISBN: 978-3-030-40520-5Published: 20 February 2020
eBook ISBN: 978-3-319-95219-2Published: 02 November 2018
Series ISSN: 2662-6195
Series E-ISSN: 2662-6209
Edition Number: 1
Number of Pages: XV, 432
Topics: History of Economic Thought/Methodology, Economic Policy