Hayek: A Collaborative Biography: Part 1 Influences, from Mises to Bartley

250 Pages·2013·2.937 MB·English

by  Robert Leeson (eds.)

Hayek: A Collaborative Biography
Archival Insights into the Evolution of Economics Series
This series provides a systematic archival examination of the process by which
economics is constructed and disseminated. All the major schools of economics
will be subject to critical scrutiny; a concluding volume will attempt to synthe-
sise the insights into a unifying general theory of knowledge construction and
influence.
Series Editor: Robert Leeson
Titles include:
Robert Leeson (editor)
THE KEYNESIAN TRADITION
Robert Leeson (editor)
THE ANTI-KEYNESIAN TRADITION
Robert Leeson (editor)
AMERICAN POWER AND POLICY
Roger Frantz and Robert Leeson (editors)
HAYEK AND BEHAVIORAL ECONOMICS
Robert Leeson (editor)
HAYEK: A COLLABORATIVE BIOGRAPHY PART 1
Forthcoming titles:
Robert Leeson (editor)
HAYEK: A COLLABORATIVE BIOGRAPHY PART 2
Robert Leeson (editor)
HAYEK AND THE AUSTRIAN SCHOOL
Archival Insights into the Evolution of Economics
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Hayek: A Collaborative
Biography
Part 1 Influences, from Mises to Bartley
Edited by
Robert Leeson
Visiting Professor of Economics, Stanford University
Selection and editorial matter © Robert Leeson 2013
Chapters © their individual authors
Softcover reprint of the hardcover 1st edition 2013 978-0-230-30112-2
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Contents
List of Figures vii
Notes on Contributors viii
1 Introduction 1
Robert Leeson
2 The Genesis and Reception of T he Road to Serfdom 4 3
Melissa Lane
3 Hayek in Citations and the Nobel Memorial Prize 61
Gabriel S ö derberg, Avner Offer and Samuel Bjork
4 The 1974 Hayek–Myrdal Nobel Prize 71
David Laidler
5 The Hayek Literature: Nicholas Wapshott’s K eynes
Hayek : The Clash That Defined Modern Economics 74
Selwyn Cornish
6 Hayek and Mises 80
Douglas French
7 Hayek in Freiburg 93
Viktor J. Vanberg
8 Eucken, Hayek and T he Road to S erfdom 123
Nils Goldschmidt and Jan-Otmar Hesse
9 Hayek’s Official Biographer: The Lost Insights
of William Warren Bartley III 147
Robert Leeson
10 Hayek, Bartley and Popper: Justificationism and
the Abuse of Reason 213
Rafe Champion
v
vi Contents
11 A n Interview with Stephen Kresge 2 26
Steven Dimmick, Stephen Kresge and Robert Leeson
12 Bill Bartley: Biographer Extraordinary 234
Werner Erhard
Index 237
List of Figures
3.1 Bass innovation diffusion curves of citations: the example
of Paul Samuelson 63
3.2 Average citation trajectory of 57 Nobel Prize winners,
centered on their prize year 64
3.3 Average JSTOR Citation Scores Indices for Hayek’s
major works, 1969–1973 67
3.4 Hayek and Myrdal Arrow citation scores, 1930–2005 6 7
3.5 Arrow citation scores and Bass diffusion curves for Hayek,
before and after the Nobel Prize 6 8
vii
Notes on Contributors
Samuel Bjork is a graduate student at Oxford University.
Rafe Champion is an independent scholar.
Selwyn C ornish i s Adjunct Associate Professor of Economics, Australian
National University and Official Historian of the Reserve Bank of
Australia.
Steven Dimmick is an independent scholar and retired bank regulator.
Werner Erhard is the founder of Erhard Seminar Training.
Douglas French is Director of the Ludwig von Mises Institute.
Nils Goldschmidt is Professor of Social Policy, Department of Applied
Social Sciences, Munich University of Applied Sciences and Affiliated
Fellow at the Walter Eucken Institute, Freiburg.
Jan-Otmar Hesse is Professor of Economic History, Department of
History, University of Bielefeld.
Stephen Kresge was the second General Editor of T he Collected Works
of F.A. Hayek.
David L aidler i s Emeritus Professor of Economics, University of Western
Ontario.
Melissa Lane is Professor of Politics, Princeton University and Director
of the Program in Values and Public Life, University Center for Human
Values, Princeton University.
Robert L eeson is Visiting Professor of Economics at Stanford University,
Visiting Scholar at Hoover Institution and Adjunct Professor at the
University of Notre Dame Australia.
Avner Offer is Chichele Professor Emeritus of Economic History,
University of Oxford and Emeritus Fellow of All Souls College, Oxford
University.
Gabriel S ö derberg is a PhD candidate at Uppsala University.
Viktor J. Vanberg is Senior Research Associate, Walter Eucken Institut
and Professor Emeritus of Economics, University of Freiburg .
viii
1
Introduction
Robert L eeson
Austrians and World History
Friedrich August Hayek (8 May 1899–23 March 1992) was born towards
the end of what came to be regarded as the pre-deluge (World War I)
golden age, and died just after the end of the Cold War (World War III) .
Cold War victory was expected to lead to an era of triumphant democracy,
The End of H istory and the Last M an (Fukuyama, 1 992 ). Instead, capitalist
democracies have faced intensified threats from theocratic-sponsored
terrorism and plutocratic-sponsored financial crises.1
Had Hayek been largely an anonymous person, his interaction with
the transformations of his era would still be worthy of social history
attention: the increasing power of socialist and communist parties and
the rise of the Welfare State; the final demise of the remnants of the
Ancien R é gime Empires (and the Habsburg Empire in particular); World
War I and its repercussions; the inter-war dislocations that elevated a
fellow Austrian into a Fü h rer and the resulting reunification of Germans
( Anschluss ) and World War II; the Cold War; the libertarian revolt against
collectivist trends; the deregulation movement and the decline of trade
union power; the Thatcher–Reagan counter-revolutions; the collapse of
Communism; and the rise of a new threat – revived fundamentalist reli-
gions. Hayek’s life was shaped by nine of these ten forces: the average
educated person reader has the ‘knowledge’ that he – more than any
other individual – influenced five of them.
Yet little is currently known about the precise nature of his involve-
ment in these forces. Hayek’s public pronouncements – T he Road to
Serfdom (1944), for example – have been pored over by scholars and
disciples; but so far there has been little or no attempt to c onnect Hayek’s
life to the sentiments he expressed. These chapters of collaborative
1