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The book is divided into four parts. The first, "The Economist and His Dismal Task," presents some of Hayek's views on the the nature of the study of economics and in the social sciences generally. The second, "The Origins of Political Economy in Britain," presents essays on Francis Bacon, Dr. Bernard Mandeville, David Hume (who Hayek greatly admired), and Adam Smith. The third section, "English Monetary Policy and the Bullion Debate," consists of four previously unpublished chapters of a book Hayek started to write but never completed, plus essays on Richard Cantillon and Henry Thornton. The last section of the book, "Currents of Thought in the Ninteenth Century," comprises three short essays on Frederic Bastiat, Jules Dupuit, and Hermann Gossen, respectively.
This book does not cover the Austrian School (that comes in Volume 4 of the Collected Works), but it is a must read for any student who wants to study the great classical writers in political economy or F.A. Hayek's views of them.
The book is divided into four parts. The first, "The Economist and His Dismal Task," presents some of Hayek's views on the the nature of the study of economics and in the social sciences generally. The second, "The Origins of Political Economy in Britain," presents essays on Francis Bacon, Dr. Bernard Mandeville, David Hume (who Hayek greatly admired), and Adam Smith. The third section, "English Monetary Policy and the Bullion Debate," consists of four previously unpublished chapters of a book Hayek started to write but never completed, plus essays on Richard Cantillon and Henry Thornton. The last section of the book, "Currents of Thought in the Ninteenth Century," comprises three short essays on Frederic Bastiat, Jules Dupuit, and Hermann Gossen, respectively.
This book does not cover the Austrian School (that comes in Volume 4 of the Collected Works), but it is a must read for any student who wants to study the great classical writers in political economy or F.A. Hayek's views of them.
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