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47 Butler HayekContribution

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    HAYEK HIS CONTRIBUTION TO THE POLITICAL AND ECONOMIC THINKING OF OUR TIME Dr Eamonn Butler Used here with permission of Maurice Temple Smith. This work may not be reproduced for further distribution without prior permission of the publisher.  First published in Great Britain in 1983 by Maurice Temple Smith Ltd Jubilee House, Chapel RoadHounslow, Middlesex, TW3 ITX© 1983 Eamonn ButlerThis edition is copyright under the Berne Convention. All rights are reserved.Apart from any fair dealing for the purpose of private study, research, criticismor review, as permitted under the Copyright Act 1956, no part of this publicationmay be reproduced, stored in a retrieval system, or transmitted, in any form or by any means whatsoever, without the prior permission of the copyright owner.Butler, EamonnHayek.1. Hayek, F.A.2. Economics—HistoryI. Title330.1HB103.H3ISBN 0–85117–233–4 (hardback); 0–85117–234–2 (paperback)Printed in Great Britain by Billing and Sons Ltd, Worcester  Used here with permission of Maurice Temple Smith. This work may not be reproduced for further distribution without prior permission of the publisher.  2 Contents Preface3 3 Introduction:  Hayek's life and work4 Chapter 1:  Understanding how society works13 Chapter 2:  The market process31 Chapter 3:  Hayek's critique of socialism49 Chapter 4:  The criticism of social justice64 Chapter 5:  The institutions of a liberal order78 Chapter 6:  The constitution of a liberal state89 Epilogue:  Sense and sorcery in the social sciences 97Notes 111Select bibliography 127Index 129  Used here with permission of Maurice Temple Smith. This work may not be reproduced for further distribution without prior permission of the publisher.  3 Preface At a recent meeting of the Carl Menger Society (a group devoted to theunderstanding of the ‘Austrian School’ of economics), the words of F.A. Hayekwere being discussed. As usual, the Alternative Bookshop had brought along awide selection of the works of Hayek and other members of the school. But asthe many people present who had no background in economics or politicalscience looked over the books, some were intimidated by the technical content of several of them, and the remainder had to ask where the general reader shouldstart. This incident made it clear to me that there was an urgent need for anintroduction to Hayek’s thought which covered his main arguments but whichcould be understood by the general reader or the student who did not have asocial sciences background.To summarise the often complex arguments of over 25 books in one volumemust require some oversimplification, and no doubt my friends in the academiccommunity will argue that I have distorted Hayek’s arguments in the process.But it is to me the discharge of an intellectual duty to present the essentials of Hayek’s thought without any resort to intimidating technical language, soenabling a much wider audience to understand his work instead of knowingonly his name.I would like to thank my friends at the Adam Smith Institute for their help andadvice on the manuscript: Dr Madsen Pirie and Mr Russell Walters. The Adam Smith Institute, London  Used here with permission of Maurice Temple Smith. This work may not be reproduced for further distribution without prior permission of the publisher.
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