F. A. Hayek belonged to the so-called Austrian School of Economics. This school can be understood as a school of economic thought or a branch of libertarian ideology inspired by Austrian economists. Here is some recommended reading for further exploration
The second part of the interviev by Josef Šíma (president of CEVRO Institute, Prague) with professor Peter Boettke on the importance of mainstream vs. mainline distinction in understanding economics, the power of ideas and education focusing on the link between philosophy, politics and economics, and the new master’s PPE program in Prague.
On the importance of mainstream vs. mainline distinction in understanding economics, the power of ideas and education focusing on the link between philosophy, politics and economics, and the new master’s PPE program in Prague with professor Peter Boettke talked Josef Šíma, president of CEVRO Institute, Prague.
On July 30, the British magazine “The New Statesman” published an article by the famous philosopher John Gray on the life, intellectual achievements, and mistakes of Friedrich Hayek. Gray’s piece examines the Austrian’s economic and political views. It is almost as if Gray puts Hayek on trial, the verdict of which has already been decided upon.
European ideal is not – to my mind – “being the first“ at any costs. Europe does not need to conquer anybody – these times are over and the fundamentally colonialist subconscious idea of Lisbon Strategy has faded into our Medieval past.
First of all, because the current economic crisis will end. Its end will come about most speedily and effectively when the countries and politicians limit their efforts to end it, and allow the natural economic cycle to take its course and produce effects.
Hayek proposes a simple solution to set us free from economic downturn – do not use the same recipes which caused the downturn.
It is good that an agreement concerning law regulating fiscal responsibilities is reached in our Parliament, involving whole political spectrum. It is great to put down the fire with common effort. It would be even better, however, if we agreed on reasons of this long fire of debt, who and how caused it. And one of the main reasons is the fact that politicans in many countries willingly listened to economic theories, whose implementation in…