The Evolutionary Invisible Hand. The Problem of Rational Decision-Making and Social Ordering over Time is a book by the director of the F. A. Hayek Foundation, Matúš Pošvanc. The book has been published by one of the world’s leading publishing houses Palgrave Macmillan. The book is already available in an electronic version and from May 2021 it will be available in a printed version.
The book discusses several interesting questions from a theoretical perspective, like a question, why the entrepreneurs are successful in satisfying our needs, why some manage to predict the needs of people better than others, or by…
If you’ve never paid taxes before, it will happen to you one day. You may have heard Benjamin Franklin’s famous quote: “In this world, nothing can be said to be certain, except death and taxes.” He meant that we will always die and pay taxes. How does classical liberalism view taxes?
The Alphabet of Classical Liberalism was a successful small book focused on describing the basic principles of classical liberalism. It was first published by the F. A. Hayek Foundation Bratislava, Slovakia in 2001.
Now it comes in the form of animated videos prepared with the support of the Friedrich…
To run out of oil means the end of transportation. The trucks that supply the cities would stop, and the cars and buses that take us to work would be useless. Without oil, most businesses and services in the developed world would stop immediately. Is disaster really approaching with oil depletion? Do not worry. It is not.
The Alphabet of Classical Liberalism was a successful small book focused on describing the basic principles of classical liberalism. It was first published by the F. A. Hayek Foundation Bratislava, Slovakia in 2001.
Migrants are threatening us! Europe will lose its identity! Migrants set fire to the streets! Let’s not let them in! We don’t need them! Yes. Migration evokes emotions. It has its risks. but it also has benefits. What are the views of classical liberals on migration?
The Alphabet of Classical Liberalism was a successful small book focused on describing the basic principles of classical liberalism. It was first published by the F. A. Hayek Foundation Bratislava, Slovakia in 2001.
Now it comes in the form of animated videos prepared with the support of the Friedrich Naumann Foundation for Freedom.
The…
Communism advocates the social ownership of everything, productive assets, and all economic resources. The goal of communism is to achieve the ideals of equality, justice, and solidarity. Does that sound good to you? It does to many people. Unfortunately, it doesn’t work and can never work. And it doesn’t matter how hard we try. The question is, why?
The Alphabet of Classical Liberalism was a successful small book focused on describing the basic principles of classical liberalism. It was first published by the F. A. Hayek Foundation Bratislava, Slovakia in 2001.
Bureaucrats. Receipts, Statements. Forms. Paperwork. More Forms. Rubber Stamps. It has no end!? It can only be stopped!!
The Alphabet of Classical Liberalism was a successful small book focused on describing the basic principles of classical liberalism. It was first published by the F. A. Hayek Foundation Bratislava, Slovakia in 2001.
Now it comes in the form of animated videos prepared with the support of the Friedrich Naumann Foundation for Freedom.
The video introduces Adam (the namesake of the famous Adam Smith), a classical liberal and his worldview dealing with many of current problems.
Adam presents the problem of bureaucracy…
Karl fights for socialism, Che holds a red flag and he’s saying something about communism, and Adolfo is not ashamed and even supports fascism. There are “Isms” everywhere. However, one of them is quite nice — as it deals with personal freedom.
The Alphabet of Classical Liberalism was a successful small book focused on describing the basic principles of classical liberalism. It was first published by the F. A. Hayek Foundation Bratislava, Slovakia in 2001.
Now it comes in the form of animated videos prepared with the support of the Friedrich Naumann Foundation for Freedom.
The video introduces Adam (the…
Working article/paper.
Abstract
Paper explains why Cantillon effects aren´t natural market economic phenomena. If Cantillon effects exist, the price theory based on the theory of subjective value is not generally valid. The general application of the Law of diminishing marginal utility would be problematic as well. Cantillon effects are not applicable also to money. Concerning money, it will be shown that it is not possible to use Cantillon effects without presuming objective value character of money.
However, discursus about Cantillon effects enable us to see present time insufficient explanation of the applicability of the Law of diminishing marginal utility to…
Text was prepared by Tomáš Krištofóry.
Documentary film and educational links: At some point, Hayek moved from pure economics to a broader understanding of economics within the social sciences. Hayek is known to many people thanks to his bestseller “The Road to Serfdom”. This is a critique of social planning and unintentional impacts of management of society. Within the social standards, Hayek distinguishes between Nomos (social, not necessarily written, spontaneous rules) and Thesis (written rules).
He is also well known for his works such as “Law, Legislation and Liberty”, “Fatal Conceit” or “Counter-revolution of Science”. …
Text was prepared by Tomáš Krištofóry.
The documentary film and educational links: Hayek was awarded the Nobel Prize in Economics in 1974. He contributed, among other things, to the theory of prices, business cycle and money for which he won the prize. However, several critics call him a non-economist or repeater of L. von Mises’s theories. He has long been in dispute with J. M. Keynes. Hayek understands competition as a process of continually discovering new profitable opportunities by entrepreneurs in the market and considers entrepreneurial discovery an important part of the market process.
What does Hayek base on the…
