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This book is the seventh volume in this series which explores the life of Nobel Price-winning economist F.A. Hayek (1899-1992). The volume uses archival material, juxtaposed with Hayek’s published work to challenge the existing perceptions of his life and thought. It examines the methods by which Hayek interacted with – and schemed against – the knowledge communities that he encountered during his very long life.  Chapters explore the ‘rules of engagement’ that Hayek employed when interacting with fifth leading knowledge communities, including the Nobel Prize selection committee who were led to believe his claim about having predicted the Great Depression. It also explores his interactions with William Beveridge, the founder of the modern British Welfare State, A. C. Pigou, the founder of the market school, J. M. Keynes, Sir Arthur Lewis, and Anna Lerner.

Economics. --- Management science. --- Economics, general. --- Economists --- Economics --- History --- Hayek, Friedrich A. von --- Hai-yeh-kʻo, --- Hayek, Friedrich August von, --- Hayek, F. A. von --- Haiekʻŭ, Pʻŭridŭrihi A., --- Khaĭek, F. A., --- Hayek, Frederich August von, --- Von Hayek, Friedrich A. --- Hayeke, --- 哈耶克, F.A. 冯, --- 哈葉克, --- 海耶克, --- Economic theory --- Political economy --- Social sciences --- Economic man --- Quantitative business analysis --- Management --- Problem solving --- Operations research --- Statistical decision

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Funded by the tobacco and fossil fuel industries, the Mises- and Hayek-inspired ‘free’ market has adopted ‘The Slogan of Liberty’ - but should their faith-based assertions be accorded the same epistemological status as a science? If Austrian economics is a branch of divinely revealed ‘knowledge’ - as the epigone Godfather, Hans Sennholz, insists - what validity do its policy recommendations have? Should those who falsely claim to have PhDs be tax-funded as ‘Post-Doctoral Fellows’ and ‘Professors’? This volume examines the consequences of the ‘free’ market colonisation of economics – climate change, financial crises and the corruption of academic discourse.

Free enterprise. --- Hayek, Friedrich A. von --- Welfare economics. --- Economics. --- History of Economic Thought/Methodology. --- Social Choice/Welfare Economics/Public Choice. --- Free markets --- Laissez-faire --- Markets, Free --- Private enterprise --- Economic policy --- Hai-yeh-kʻo, --- Hayek, Friedrich August von, --- Hayek, F. A. von --- Haiekʻŭ, Pʻŭridŭrihi A., --- Khaĭek, F. A., --- Hayek, Frederich August von, --- Von Hayek, Friedrich A. --- Hayeke, --- 哈耶克, F.A. 冯, --- 哈葉克, --- 海耶克, --- Economic history. --- Social Choice/Welfare Economics/Public Choice/Political Economy. --- Economics --- Social policy --- Economic conditions --- History, Economic

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This latest volume in the Collaborative Biography of Hayek examines the interconnectedness between Hayek’s (1944) The Road to Serfdom and George Orwell’s Animal Farm (1945) and Nineteen Eighty-Four (1949); his relationship with Karl Popper and Karl Polanyi; and the work of Wilhelm von Humboldt. Mises had a ‘deep emotional attachment’ to the ‘free’ market and Hayek believed that ‘science’ was driven by shallow emotions. Hayek believed in ‘democracy as a system of peaceful change of government; but that’s all its whole advantage is, no other.’ He felt democracy simply made it possible to get rid of the government ‘we’ dislike. Hayek bemoaned the decay of superstition — the ‘supporting moral beliefs’ – that are required to maintain ‘our’ civilization. Yet his Road to Serfdom neglected ‘another road to serfdom’ – the possibility that there were multiple threats to individual freedom – not just State power. In contrast, many other scholars and public intellectual warned of the dangers of the concentration of power in institutions other than the State. Today those fears have materialized in the guise of wealthy mega-corporations and billionaires whose influence on government, on elections, on popular culture and on the dominant ideology, have been able to change the rules of the market in their favour – so that ‘we’ have now become trapped in a new kind of serfdom. With contributions from a range of highly regarded scholars, this volume continues the Biography’s rich exploration of Hayek’s work and beliefs.

Economists --- Economic history. --- Economic policy. --- History of Economic Thought/Methodology. --- Economic Policy. --- Economic nationalism --- Economic planning --- National planning --- State planning --- Economics --- Planning --- National security --- Social policy --- Economic conditions --- History, Economic

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Hayek claimed that he always made it his rule ‘not to be concerned with current politics, but to try to operate on public opinion.’ However, evidence suggests that he was a party political operative with ‘free’ market scholarship being the vehicle through which he sought – and achieved – party political influence. The ‘main purpose’ of his Mont Pelerin Society had ‘been wholly achieved’. Mises promoted ‘Fascists’ including Ludendorff and Hitler, and Hayekians promoted the Operation Condor military dictatorships and continue to maintain a ‘united front’ with ‘neo-Nazis.’ Hayek, who supported Pinochet’s torture-based regime and played a promotional role in ‘Dirty War’ Argentina, is presented as a saintly figure. These chapters place ‘free’ market promotion in the context of the post-1965 neo-Fascist ‘Strategy of Tension’, and examine Hayek’s role in the promotion of deflation that facilitated Hitler’s rise to power; his proposal to relocate Gibraltarians across the frontier into ‘Fascist’ Spain; the Austrian revival of the 1970s; the role of (what was presented as) ‘neutral academic data’ on behalf of the ‘International Right’ and their efforts to promote Franz Josef Strauss and Ronald Reagan and defend apartheid and the Shah of Iran.

Economists --- Hayek, Friedrich A. von --- Hai-yeh-kʻo, --- Hayek, Friedrich August von, --- Hayek, F. A. von --- Haiekʻŭ, Pʻŭridŭrihi A., --- Khaĭek, F. A., --- Hayek, Frederich August von, --- Von Hayek, Friedrich A. --- Hayeke, --- 哈耶克, F.A. 冯, --- 哈葉克, --- 海耶克, --- Economic history. --- Economic policy. --- Political science --- Economic History. --- History of Economic Thought/Methodology. --- Economic Policy. --- Political Philosophy. --- Philosophy. --- Political philosophy --- Economic nationalism --- Economic planning --- National planning --- State planning --- Economics --- Planning --- National security --- Social policy --- Economic conditions --- History, Economic --- Political philosophy.

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The concept of rational expectations has played a hugely important role in economics over the years. Dealing with the origins and development of modern approaches to expectations in micro and macroeconomics, this book makes use of primary sources and previously unpublished material from such figures as Hicks, Hawtrey and Hart. The accounts of the 'founding fathers' of the models themselves are also presented here for the first time. The authors trace the development of different approaches to expectations from the likes of Hayek, Morgenstern, and Coase right up to more modern theorists such

Rational expectations (Economic theory) --- Expectations, Rational (Economic theory) --- Economic forecasting --- Time and economic reactions --- Uncertainty