If you are looking to acquaint yourself with F.A. Hayek's perspective on economic theory--beyond his business cycle and monetary studies of the interwar years--this is the best source. The collection appeared in 1947, before he moved on toward broader culturaland social investigations. It contains his most profound work on the liberal economic order, and his most penetrating reflections on economic phenomena:
This is a real treasure, and the best evidence for why Hayek must be considered one of the great economists in history.
Perhaps Hayek's best work. I was particularly impressed with chapters 1-6 and found in them a thorough destruction of positivism along with explanations of knowledge that have changed my world view. As usual, the condition of the book itself was top-notch as I have come to expect from the Mises Institute. This is a must read for any Austrian enthusiast or simply anyone interested in the fields of Philosophy, politics, and economics.
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