Hayek: A Collaborative Biography Part XII: Liberalism in the Classi

F.A. von Hayek (1899-1992) was a Nobel Prize winning economist, famous for promoting an Austrian version of classical liberalism. The multi-volume Hayek: A Collaborative Biography examines the evolution of his life and influence.Two concepts of civilizati

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HAYEK: A COLLABORATIVE BIOGRAPHY Part XII: Liberalism in the Classical Tradition, Austrian versus British

Robert Leeson

Archival Insights into the Evolution of Economics Series Editor Robert Leeson Stanford University Stanford, CA, USA

This series provides unique insights into economics by providing archival evidence into the evolution of the subject. Each volume provides biographical information about key economists associated with the development of a key school, an overview of key controversies and gives unique insights provided by archival sources. More information about this series at http://www.palgrave.com/gp/series/14777

Robert Leeson

Hayek: A Collaborative Biography Part XII: Liberalism in the Classical Tradition, Austrian versus British

Robert Leeson Department of Economics Stanford University Stanford, CA, USA and Notre Dame Australia University Fremantle, Australia

Archival Insights into the Evolution of Economics ISBN 978-3-319-74508-4 ISBN 978-3-319-74509-1  (eBook) https://doi.org/10.1007/978-3-319-74509-1 Library of Congress Control Number: 2018934642 © The Editor(s) (if applicable) and The Author(s) 2018 This work is subject to copyright. All rights are solely and exclusively licensed by the Publisher, whether the whole or part of the material is concerned, specifically the rights of translation, reprinting, reuse of illustrations, recitation, broadcasting, reproduction on microfilms or in any other physical way, and transmission or information storage and retrieval, electronic adaptation, computer software, or by similar or dissimilar methodology now known or hereafter developed. The use of general descriptive names, registered names, trademarks, service marks, etc. in this publication does not imply, even in the absence of a specific statement, that such names are exempt from the relevant protective laws and regulations and therefore free for general use. The publisher, the authors and the editors are safe to assume that the advice and information in this book are believed to be true and accurate at the date of publication. Neither the publisher nor the authors or the editors give a warranty, express or implied, with respect to the material contained herein or for any errors or omissions that may have been made. The publisher remains neutral with regard to jurisdictional claims in published maps and institutional affiliations. Printed on acid-free paper This Palgrave Macmillan imprint is published by the registered company Springer International Publishing AG part of Springer Nature The registered company address is: Gewerbestrasse 11, 6330 Cham, Switzerland

Contents

Part I  Two Competing Neoclassical Traditions 1 ‘Austrian Thought and Fascism’: ‘The Victory of Fascism in a Number of Countries Is Only an Episode in the Long Series of Struggles Over the Problem of Property’

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2 ‘Persuade the Intellectuals in the Hopes that Ultimately They Could Be Converted and Transmit My Ideas to the Public at Large’ 65 3 Hayek and Aristocratic Influence 103 4 Pigouvian Market Failure 155 Part I