Other chapters deal with Georg Wilhelm Friedrich Hegel, Friedrich Hayek
, Aristotle, Dante Alighieri, and Marcel Proust.
The protagonists of Slobodian's story are the Austrians Friedrich Hayek
and Ludwig von Mises, and German Wilhelm Ropke.
, Nobel Prize laureate in Economics in 1974, said in his book 'The Road to Serfdom,' [quoting Benjamin Franklin], 'Those who are willing to give up essential liberties against a false sense of security and ephemeral deserve neither liberty nor safety.' 'The system of private property is the most important guarantee of freedom.'
Obviously, there are exceptions: Adam Smith, David Ricardo, Karl Marx, Ludwig von Mises, Friedrich Hayek
. But a history of economic ideas must embrace all these themes and analyze them in detail, not only from a historical, chronological perspective, but also from the perspective of their actual content, of the validity of the arguments put forward by various authors.
Erwin Dekker has written a wonderful book examining key figures in the tradition of Austrian economics--Ludwig von Mises, Joseph Schumpeter, Friedrich Hayek
, as well as close allies such as Karl Popper--in order to situate them within the context of fin de siecle Vienna from which they sprang and to highlight the many intriguing connections between their economic thought and other areas of inquiry.
As someone who studies the Austrian school of economic theory quite often as a Libertarian anarcho-capitalist, I could say that fellow scholars (living and dead) like Milton and Thomas Friedman, Thomas Sowell, Steven Horowitz, Ludwig von Mises, Friedrich Hayek
, Jean-Baptiste Say and my personal favorite, Murray Rothbard, would agree that governmental mandates to increase wages is a bad idea.
, socialism's greatest critic, showed that giving that authority to government is a recipe for disaster.
You book-reading types know that I'm getting "spontaneous order" from Friedrich Hayek
and borrowing my title here from his essay "Why I Am Not a Conservative," reprinted at the end of The Constitution of Liberty (1960).
counts even more than Mises as a supporter of this line of thought, and many contemporary neoliberals have been influenced by him.
Pinker puts this most eloquently by quoting Friedrich Hayek
in saying: "If old truths are to retain their hold on men's minds, they must be restated in the language and concepts of successive generations."
But behind the more sordid motives lay Friedrich Hayek
's dream of a free market in money.
The international dimension of Friedrich Hayek
's work is often overlooked, because he himself was divided about it even in The Road to Serfdom.