I, Pencil

The Story of I, Pencil The activities for Economics in One Day are developed around the themes of Leonard E. Read’s classic essay, ‘‘I, Pencil.’’ ARTICLE: I, Pencil: My Family Tree – Leonard Reed (FEE.org) [http://at.fee.org/1yAq6Jf] ‘‘Not a single person in the...

Individualism: True and False | F. A. Hayek

Du dix-huitième siècle et de la révolution, comme d’une source commune, étaient sortis deux fleuves: le premier conduisait les hommes aux institutions libres, tandis que le second les menait au pouvoir absolu. —Alexis de Tocqueville. 1 TO ADVOCATE any clear-cut...

A Hayekian Case for Free Markets and a Basic Income

Introduction If Friedrich Hayek is not in our discussions on how best to govern a community, he should be. Not only because his most popular book, The Road to Serfdom, was used by Reagan and Thacher to run a country (their own admission), but because he has a lot of...

F. A. Hayek – The Use of Knowledge in Society

The Use of Knowledge in Society AER, 1945 author-label – Hayek, Friedrich A. (1899-1992) First Pub. Date. Sep. 1945 Publisher/Edition – American Economic Review. XXXV, No. 4. pp. 519-30. American Economic Association Pub. Date 1945 I What is the problem we...