If you are looking to acquaint yourself with F.A. Hayek's perspective on economic theory--beyond his business cycle and monetary studies of the interwar years--this is the best source. The collection appeared in 1947, before he moved on toward broader culturaland social investigations. It contains his most profound work on the liberal economic order, and his most penetrating reflections on economic phenomena:

• Individualism: True and False
• Economics and Knowledge
• The Facts of the Social Sciences
• The Use of Knowledge in Society
• The Meaning of Competition
• Free Enterprise and Competitive Order
• Socialist Calculation I: The Nature and History the Problem
• Socialist Calculation II: The State of the Debate
• Socialist Calculation III: The Competitive Solution
• A Commodity Reserve Currency
• The Ricardo Effect
• The Economic Conditions of Interstate Federalism

This is a real treasure, and the best evidence for why Hayek must be considered one of the great economists in history.

Publication Information

University of Chicago Press, 1958