Economics as a Coordination Problem: The Contributions of Friedrich A. Hayek

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An first full-length assessment of the contributions to economics of Friedrich Hayek (Nobel Prize 1974). Hayek is unique, he argues, for a number of reasons: because of his emphasis on the function of institution s in coordinating the various plans of individuals in the market; his attack on the expansionary policies of central banks which discoordinate the patterns of business investment and produce depressions; and his view about the possibility of rational economic calculation under socialism.

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Economics as a Coordination Problem: The Contributions of Friedrich A. Hayek, Foreword by F.A. Hayek (Kansas City: Sheed Andrews and McMeel, 1977).

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This work is copyrighted by the Institute for Humane Studies, George Mason University, Fairfax, Virginia, and is put online with their permission.

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This material is provided on this disk to further the educational goals of Liberty Fund, Inc. Unless otherwise stated in the Copyright Information section above, this material may be used freely for educational and academic purposes. It may not be used in any way for profit.

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