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Hayek: His Contribution to the Political and Economic Thought of Our Time Multimedia CD – Audiobook, Unabridged

4.7 out of 5 stars 3 customer reviews

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About the Author

DR. EAMONN BUTLER is the director of the Influential UK think-tank, the Adam Smith Institute, where he has spent three decades privatizing state industries, reforming public administrations and instructing government leaders around the world on market economics. With degrees in Economics, Psychology and Philosophy from St Andrews University, Dr Butler is superbly qualified on the mechanics, mentality and morals of markets. His highly readable introductions to free-market thinkers including Adam Smith, Ludwig von Mises, and Nobel economists FA Hayek and Milton Friedman have won wide acclaim and been translated into many languages.
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Product Details

  • CD-ROM
  • Publisher: Blackstone Audio, Inc.; Unabridged edition (January 1, 2010)
  • Language: English
  • ISBN-10: 1441717617
  • ISBN-13: 978-1441717610
  • Product Dimensions: 5.8 x 0.6 x 7.4 inches
  • Shipping Weight: 3.2 ounces (View shipping rates and policies)
  • Average Customer Review: 4.7 out of 5 stars  See all reviews (3 customer reviews)
  • Amazon Best Sellers Rank: #6,636,106 in Books (See Top 100 in Books)

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By Jeffrey D. Salzer on February 2, 2005
Format: Paperback
Professor Butler's "Hayek" is an excellent introduction to the works and thought of F. A. Hayek. I am familiar with many of F. A. Hayek's works, and was very impressed with the way that Professor Butler was able to capture the essence of F. A. Hayek's thought in such a clear and concise manner. I strongly recommend "Hayek" to anyone seeking an introduction to F. A. Hayek, or to anyone already familiar with F. A. Hayek who is interested in a brief summary of his works and thought.
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By John on February 24, 2015
Format: Hardcover
Hayek truly is a genius, I enjoyed his book "Road to serfdom" and was glad to find this book in my library. Bulter introduced me to other aspects of Hayek's thought that I hadn't heard before.

One thing I found interesting was how Hayek mentions that somethings are natural while other things are the creation of man and how some consider that all institutions, being fashioned by man, can therefore be done away with or reshaped if one so pleases. Hayek points out though, that many institutions are not only man's creation by are also influenced by nature, concepts like private property and marriage likely were not consciously planned and established, but came about and eventually law and religion helped enforce the institutions that had proven so useful. The example was given of one finding the easiest way somewhere, and thus creating a trail for others to follow, sure the trail is the result of man, but the way was originally chosen because it was best way to get from point A to Z.
Hayek considers how during the days of tribalism, people knew each-other and submitted to the authority of the chef and how in this context, they enjoyed a sort of socialism, but as more and more people begin to trade with others and society grew and people begun to do business with people they didn't know, concepts like private property, money and fixed laws that apply to all equally were quite necessary in this new setting. Hayek thinks there is this deep desire though for many to return to the socialism, which really a longing to return to that tribalism of old, something that just can't be done in our global world. Socialism worked in the former context, but cannot work in our present context.
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Format: Paperback
Friedrich von Hayek, along with Ludwig von Mises, were among a number of Jewish-Austrian intellectuals to flee Vienna during the 1930s and the encroaching threat of Nazi Germany. This concise 170 paged book by Eamonn Butler, who was Director of the Adam Smith Institute in Britain, attempts to convey the essentials of Hayekian thought that grew out of the economic thought of over 25 books.

After a single paged preface and a 14 paged introduction "Hayek's life and work" are 6 chapters and an Epilogue: Chapter 1) Understanding how society works; Chapter 2) The market process; Chapter 3) Hayek's critique of socialism; Chapter 4) The criticism of social justice; Chapter 5) The institutions of a liberal order; Chaper 6) The constitution of a liberal state; Epilogue) Sense and sorcery in the social sciences. These chapters and epilogue are followed by notes, a select bibliography, and an index.

Some interesting tidbits are that "Hayek's 1941 work, "The Pure Theory of Capital", continues the same theme of looking under the surface of the averages and aggregates which economists like to talk about" and this same "theme was taken up again in "The Counter-Revolution of Science". Butler says that the "problem for any planner is that the 'facts' he must deal with are not concrete things, but are the relationships and behaviour [sic] of individuals themselves, something which nobody can predict in advance" (pp8-9). I suppose somebody forgot to pass Butler's insight along to the American advertising and marketing sector, because they spend 100 billion a year attempting to do what Butler maintains cannot be done - predict the behavior of consumers.
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