Karlheinz Muhr Library

The Complete “Austrian School of Economics” Collection


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The archive.

3,422 works, 150 years of economic thought. Each one summarized and searchable, with cited passages inside.

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265–276 of 281 matches · 3,422 works totalPage 23 of 24; every summary opens into its work.
  1. 1994
    Hayek on Hayek: An Autobiographical Dialogue

    Hayek on Hayek: An Autobiographical Dialogue

    Friedrich August von Hayek · 46 sections

    Eleven languages were spoken in the battle Hayek served in as the Habsburg empire collapsed, the scene, he later said, that first turned his mind toward the problems of political organization. Assembled from autobiographical notes and interviews and published here in its 1994 form, this dialogue follows him from imperial Vienna through Mises's private seminar and the marginal-utility tradition of Menger, to the London School of Economics and his long duel with Keynes, and on to Chicago, Freiburg, and the Nobel. He recalls The Road to Serfdom, his essay 'Economics and Knowledge' on the market as a coordinator of dispersed knowledge, and the psychology of The Sensory Order. Throughout, he casts economics not as a mechanics of equilibrium but as a theory of adaptation to the unknowable, and socialism's central error as the conceit of designing society.

    There are two alternative methods of ordering social affairs—competition and government direction. I am opposed to government direction, but I want to make competition work.

  2. 2006
    Contributions to a Theory of How Consciousness Develops

    Contributions to a Theory of How Consciousness Develops

    Friedrich August von Hayek · 9 sections · Translation of the 2006 original

    Does experience preserve sensations, or does it first make sensation possible? In this early manuscript essay, completed in September 1920 and presented in its 2017 English translation, Friedrich August von Hayek argues that sensory qualities emerge from relationships among neural impulses rather than belonging to impulses in isolation. His telephone-switchboard analogy gives the proposal a concrete shape: an incoming signal acquires significance through the connections it activates. Memory, on this account, is not merely a store of conscious impressions but a condition of their formation. Readers can trace how this developmental hypothesis explains both recognition and misperception, and confront its central epistemological tension: experience builds the framework governing later perception, yet that framework cannot be assumed to exhaust the world.

    The connections between the physiological elements are thus the primary phenomenon that creates the mental phenomena.

  3. 2017
    What Is Mind?

    What Is Mind?

    Friedrich August von Hayek · 3 sections · Translation of the 2017 original

    How can physical processes produce sensory experience—and why might the mind remain unable to explain itself completely? In this lecture, presented in its 2017 English translation, Hayek approaches the mind–body problem through classification rather than a search for mental substance. The contrast between a linear spectrum of wavelengths and the circular relationships of perceived colours makes his question concrete: why does perception organize events differently from physics? He sketches a nervous system in which sensations acquire their character through connections, not through isolated stimuli. Yet he argues that a classifier cannot exhaustively explain an apparatus as complex as itself. Readers can trace how this proposed limit on self-explanation leads Hayek to defend mental experience as an indispensable starting point for social inquiry, even within a naturalistic account of mind.

    At the same time that the system of sensory qualities disappears from physics, it becomes a problem in psychology.

  4. 2022
    The Meaning of Government Interference

    The Meaning of Government Interference

    Friedrich August von Hayek · 1 sections

    A free economy needs enforced laws: opposition to government “interference” cannot therefore mean opposition to all government action. In this essay, written in 1950 and first published as a collection component in 2022, Hayek locates the boundary in the form of power rather than its scale. General, prospective rules differ fundamentally, he argues, from officials’ discretionary decisions about who may produce, trade, or receive assistance. Licences and allocations test that distinction, while generally available subsidies complicate any blanket rejection of intervention. His further warning—that constantly adjusted taxes or subsidies can become instruments of close direction—makes stability as important as formal generality. Readers encounter a defence of economic freedom that leaves some policies open to judgement while refusing to let desirable ends excuse discriminatory means.

  5. 2022
    The Prospects of Freedom

    The Prospects of Freedom

    Friedrich August von Hayek · 4 sections

    Freedom can be endangered not only by its opponents but by defenders who stop rethinking its foundations. In this Stanford lecture of 1946, first published in 2022, Hayek asks how liberal ideas can regain political influence without becoming a fixed creed or a campaign for existing interests. His warning against comprehensive planning accompanies a constructive proposal: an international association of scholars committed to examining the institutions of a free society. Acton and Tocqueville supply a tradition for this undertaking, particularly their distrust of power even when democratically authorized. The lecture reveals Hayek’s view of intellectual renewal as practical work conducted across disciplines and national borders—and makes clear that he regards the loss of freedom as a danger to resist, not an inevitable historical destination.

    It is a great tradition which we want to continue by this means, not a fixed programme which we want to put over.

  6. —
    [Review of A History of the Liberal Party, by Henry Slesser]

    [Review of A History of the Liberal Party, by Henry Slesser]

    Friedrich August von Hayek · 1 sections

    A party’s history is not necessarily the history of its principles. This distinction frames Hayek’s 1944 review of Henry Slesser’s A History of the Liberal Party: he finds the early narrative dry and overcompressed, but values the later reflections of a Labour politician troubled by the loss of liberal individualism. Hayek’s selection of quotations brings Slesser’s uneasy sympathies into focus—admiration for radical reform alongside regret for peaceful commercial internationalism and concern about expanding state power. Particularly revealing is the attention to insurance legislation that empowered ministers while restricting parliamentary and judicial oversight. This brief review shows what Hayek finds worth preserving in an otherwise disappointing history: concrete questions about whether reforms pursued under liberal auspices can erode liberal safeguards.

  7. —
    [Review of An Abstract of a Treatise of Human Nature, 1740]

    [Review of An Abstract of a Treatise of Human Nature, 1740]

    Friedrich August von Hayek · 1 sections

    An anonymous attempt to promote Hume’s poorly received Treatise also generated a mistaken story about the young Adam Smith. In this brief 1938 review, Hayek endorses Keynes and Sraffa’s attribution of the 1740 Abstract to Hume himself: the pamphlet anticipates revisions published later in the Treatise. He then draws out a biographical consequence. The “Mr. Smith” in Hume’s correspondence appears to have been a Dublin bookseller, not the seventeen-year-old philosopher. Hayek’s concise assessment shows how textual chronology and a corrected identification undermine supposed evidence of an early meeting between Hume and Adam Smith.

  8. —
    [Review of Bibliography of the Collection of Books and Tracts on Commerce, Currency and Poor Law (1557 to 1763)]

    [Review of Bibliography of the Collection of Books and Tracts on Commerce, Currency and Poor Law (1557 to 1763)]

    Friedrich August von Hayek · 2 sections

    A catalogue of books owned is not the same evidence as a list of titles encountered. This distinction anchors Hayek’s 1938 review of William A. Shaw’s edition of Joseph Massie’s bibliography of early economic writing. An omitted manuscript note records the sale of most of Massie’s collection in 1760, undermining Shaw’s account of its continued ownership. Hayek welcomes the printed volume but tests its usefulness against the manuscript: missing subject headings, cross-references and author identifications preserve knowledge that abbreviated titles alone cannot supply. This brief review shows Hayek at work as a exacting bibliographical critic, explaining concretely why a convenient printed checklist may remain an unreliable substitute for its source.

  9. —
    [Review of Bibliography of the Published Writings of John Stuart Mill]

    [Review of Bibliography of the Published Writings of John Stuart Mill]

    Friedrich August von Hayek · 2 sections

    Faithfully printing a manuscript is not the same as making a usable bibliography. In this 1945 review of MacMinn, Hainds, and McCrimmon’s edition of John Stuart Mill’s hand-list, Hayek tests editorial fidelity against the needs of researchers: missing writings, misplaced dates, and an absent index all obstruct access. He also supplies repairs, drawing on earlier notes and surviving pamphlets to identify elusive publications. His concern extends beyond accurate titles: an annotation of Mill’s review of Thornton overlooks what Hayek identifies as its retraction of the wage-fund theory. This brief review shows Hayek at work as a bibliographical investigator, appreciative of newly accessible evidence yet attentive to the practical details that allow readers to trace changes in Mill’s thought.

  10. —
    [Review of La Revue Economique et Sociale: Revue Mensuelle d’Etudes et d’Information Economiques]

    [Review of La Revue Economique et Sociale: Revue Mensuelle d’Etudes et d’Information Economiques]

    Friedrich August von Hayek · 1 sections

    A monthly devoted solely to economics, launched in wartime Algiers, earns Hayek’s encouragement in this brief 1944 review. Reading the first, third, and fourth issues of La Revue Economique et Sociale, he notes a revealing contrast: a journal apparently intended for reconstruction and Allied information exchange devotes much of its space to broader questions about the state, liberalism, monopoly, and capitalism. His praise concerns the courage and resources needed to sustain such a forum, rather than agreement with its contributors’ doctrines. The review offers a compact glimpse of Hayek as a supporter of economic discussion across borders, attentive both to intellectual scope and to the practical conditions of publication.

  11. —
    [Review of La tradition littéraire des idéologues, by Émile Cailliet]

    [Review of La tradition littéraire des idéologues, by Émile Cailliet]

    Friedrich August von Hayek · 1 sections

    In this brief review of Émile Cailliet’s La tradition littéraire des idéologues, Hayek finds material for an economic history the book itself does not attempt: the transmission of Condillac’s subjective approach to value through the French idéologues and their circle. His praise comes with a pointed reservation. Does treating these thinkers as precursors of Comtean positivism obscure the moderation that distinguished them from their supposed successors? Hayek credits Cailliet’s philosophical contextualization while questioning a genealogy that gives provocative naturalistic statements more weight than intellectual restraint. The review offers a compact glimpse of Hayek as a reader of intellectual history, attentive both to neglected contributions to utility theory and to the distortions of interpreting thinkers chiefly through what followed them.

  12. —
    [Review of The Decline of Liberalism as an Ideology, by John H. Hallowell]

    [Review of The Decline of Liberalism as an Ideology, by John H. Hallowell]

    Friedrich August von Hayek · 1 sections

    A law enacted by proper constitutional procedures is not necessarily a general rule applying to unknown people and unforeseen circumstances. This distinction gives Hayek’s brief 1944 review of John H. Hallowell’s study its interest beyond the verdict on the book. Hallowell addresses liberalism’s decline in German politico-legal thought; Hayek questions whether his historical evidence and legal vocabulary can explain it. He accepts the importance of studying the transformation of the Rechtsstaat but criticizes reliance on secondary sources and ambiguities in “positivism” and “formal” law. The review offers a concentrated encounter with Hayek’s standards for intellectual history—and with the difference between lawful enactment and the character of the rules enacted.

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