© 2007

The Economics of Friedrich Hayek

  • Authors

Table of contents

  1. Front Matter
    Pages i-xii
  2. G. R. Steele
    Pages 1-26
  3. G. R. Steele
    Pages 27-42
  4. G. R. Steele
    Pages 43-60
  5. G. R. Steele
    Pages 61-77
  6. G. R. Steele
    Pages 78-103
  7. G. R. Steele
    Pages 104-124
  8. G. R. Steele
    Pages 125-133
  9. G. R. Steele
    Pages 134-150
  10. G. R. Steele
    Pages 151-175
  11. G. R. Steele
    Pages 176-189
  12. G. R. Steele
    Pages 190-200
  13. G. R. Steele
    Pages 201-208
  14. Back Matter
    Pages 209-234

About this book


In this updated and expanded edition, the author explores the broad features of Hayek's economic philosophy, shows the interrelationship between the liberal philosophy and economic advance, examines Hayek's approach to the problems of a money economy, and explains Hayek's aversion to all forms of centralized economic planning.


business cycle economics liberty monetary policy philosophy

About the authors

G.R. STEELE is Lecturer in Economics at Lancaster University Management School, UK.

Bibliographic information


'...a most exhaustive and thorough examination of Hayek's work which reads clearly and lucidly.' - Milton Friedman, Hoover Institution

'An admirable achievement' - Bruce J. Caldwell, Advances in Austrian Economics

'If one were to read only one book about Hayek, this should be it. Rather than criticising Hayek's work, Steele aims to present an account of Hayek's work that is both comprehensive and concise. In this aim the author succeeds most admirably.' - Karen I. Vaughn, Journal of Economic Literature

'His writing style is even, scholarly and readable, and his positive restatement of Hayekian thought gives us a well-balanced survey of this alternative intellectual agenda.' - Roger W. Garrison, Southern Economic Journal