Economics as a Coordination Problem: The Contributions of Friedrich A. Hayek

A full-length assessment of the contributions to economics of Friedrich Hayek (Nobel Prize 1974). Hayek is unique for a number of reasons: because of his emphasis on the function of institutions in coordinating the various plans of individuals in the market; his attack on the expansionary policies of central banks which discoordinate the patterns of business investment and produce depressions; and his view about the possibility of rational economic calculation under socialism.

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Citation

Economics as a Coordination Problem: The Contributions of Friedrich A. Hayek, Foreword by F.A. Hayek (Kansas City: Sheed Andrews and McMeel, 1977).

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