Description: Hayek: A Collaborative Biography by Robert Leeson On 9 August 1974, Richard Nixon resigned to avoid impeachment; on 29 April 1975, the United States scuttled from their Embassy in Saigon - optics that were interpreted as defeats for the International Right. Yet in 1975, Margaret Thatcher became leader of the Conservative Party; and in 1976 Ronald Reagan almost unseated a sitting Republican Party President. Pivotal to the turn to the Right was Friedrich von Hayeks 1974 Nobel Prize for Economic Science - awarded for having used Austrian Business Cycle Theory to predict the Great Depression: For him it is not a matter of a simple defence of a liberal system of society as may sometimes appear from the popularized versions of his thinking.The evidence suggests that Hayeks 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 Hayeks 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. FORMAT Paperback LANGUAGE English CONDITION Brand New Back Cover On 9 August 1974, Richard Nixon resigned to avoid impeachment; on 29 April 1975, the United States scuttled from their Embassy in Saigon - optics that were interpreted as defeats for the International Right. Yet in 1975, Margaret Thatcher became leader of the Conservative Party; and in 1976 Ronald Reagan almost unseated a sitting Republican Party President. Pivotal to the turn to the Right was Friedrich von Hayeks 1974 Nobel Prize for Economic Science - awarded for having used Austrian Business Cycle Theory to predict the Great Depression: For him it is not a matter of a simple defence of a liberal system of society as may sometimes appear from the popularized versions of his thinking. The evidence suggests that Hayeks 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 Hayeks 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. Author Biography Robert Leeson has been Visiting Professor of Economics at Stanford University, USA since 2005, National Fellow and Visiting Scholar at the Hoover Institution since 1995 and Adjunct Professor at Notre Dame Australia University since 2008. He has published numerous articles in journals including The Economic Journal and Economics and History of Political Economy. In addition to writing and editing twenty books, he is the co-editor (with Charles Palm) of The Collected Writings of Milton Friedman. He has held further visiting positions at Cambridge University, the University of California, Berkeley, the University of California, Santa Cruz, Santa Clara University and the University of Western Ontario. Table of Contents Part I: Hayeks Luck.- 1. I have been lucky in this game. -Robert Leeson.- 2. The Tobacco, Obesity and Fossil Fuel Lobby - As Happy as Hell. -Robert Leeson.- 3. 1-15: Residual reverence towards the Second Estate. -Robert Leeson.- 4. 16-20: Loyal intermediaries. -Robert Leeson.- 5. 21-24: I desire to preserve correct relations in public. Robert Leeson.- 6. 25: Suppression, the dogs that didnt bark, and the emerging Chicago School of Economics. -Robert Leeson.- 7. 31 Conclusions about Hayeks Nineteen Thirty One Prediction. -Robert Leeson.- Part II: Myrdal and Machlup.- 8. The Saving/Investment Explanation of Business Cycles in Hayek and Myrdal: Similarities and Differences. -Adrián de León Arias.- 9. Machlup and Hayek: Filation of Ideas and Ambition. Carol M. Connell.- Part III: The Chicago School of Economics.- 10. Friedman and Hayeks Converging Ideas on Freedom and the State. Birsen Filip.- 11. Chicago Economics in the Making, 1926-1940: A Further Look at United States Interwar Pluralism. Luca Fiorito and Sebastiano Nerozzi. Feature Makes extensive use of archival material to support arguments and debates Presents a comprehensive discussion of Hayeks influence and influences Explores the School of Chicago Economics Details ISBN3030405206 Pages 432 ISBN-10 3030405206 ISBN-13 9783030405205 Short Title Hayek: a Collaborative Biography Language English Format Paperback Edition 1st Imprint Springer Nature Switzerland AG Place of Publication Cham Country of Publication Switzerland Illustrations XV, 432 p. Year 2020 Publication Date 2020-02-20 UK Release Date 2020-02-20 Author Robert Leeson Publisher Springer Nature Switzerland AG Edition Description 1st ed. 2018 Subtitle Part XV: The Chicago School of Economics, Hayeks luck and the 1974 Nobel Prize for Economic Science Alternative 9783319952185 Edited by Robert Leeson DEWEY 330 Audience Professional & Vocational We've got this At The Nile, if you're looking for it, we've got it. With fast shipping, low prices, friendly service and well over a million items - you're bound to find what you want, at a price you'll love! TheNile_Item_ID:126866670;
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ISBN-13: 9783030405205
Book Title: Hayek: A Collaborative Biography
Number of Pages: 432 Pages
Language: English
Publication Name: Hayek: A Collaborative Biography: Part XV: The Chicago School of Economics, Hayek's 'luck' and the 1974 Nobel Prize for Economic Science
Publisher: Springer Nature Switzerland Ag
Publication Year: 2019
Subject: Economics
Item Height: 235 mm
Type: Textbook
Author: Robert Leeson
Item Width: 155 mm
Format: Paperback
