The Market and Other Orders

F. A. Hayek (1899-1992), recipient of the Presidential Medal of Freedom in 1991 and cowinner of the Nobel Memorial Prize in Economics in 1974, was a pioneer in monetary theory and a leading proponent of classical liberalism in the twentieth century. Bruce Caldwell is research professor of economics and the director of the Center for the History of Political Economy at Duke University. He is the author or editor of many books, including Hayek's Challenge: An Intellectual Biography of F. A. Hayek, also published by the University of Chicago Press.

Editorial Foreword



Introduction



THE MARKET AND OTHER ORDERS



Prologue: Kinds of Rationalism (1965)



Part I. The Early Ideas



One Economics and Knowledge (1937)



Two The Facts of the Social Sciences (1943)



Three The Use of Knowledge in Society (1945)



Four The Meaning of Competition (1948)



Part II. From Chicago to Freiburg: Further Development



Five The Political Ideal of the Rule of Law (1955)



Lecture I. Freedom and the Rule of Law: A Historical Survey



Lecture II. Liberalism and Administration: The Rechtsstaat



Lecture III. The Safeguards of Individual Liberty



Lecture IV. The Decline of the Rule of Law



Six Degrees of Explanation (1955)



Seven The Economy, Science and Politics (1963)



Eight Rules, Perception and Intelligibility (1962)



Part III. A General Theory of Orders, with Applications



Nine The Theory of Complex Phenomena (1964)



Ten Notes on the Evolution of Systems of Rules of Conduct (1967)



Eleven The Results of Human Action but Not of Human Design (1967)



Twelve Competition as a Discovery Procedure (1968)



Thirteen The Primacy of the Abstract (1969)



Appendix: The Primacy of Abstract-Discussion



Fourteen The Errors of Constructivism (1970)



Fifteen Nature vs. Nurture Once Again (1971)



Sixteen The Pretence of Knowledge (1975)



Appendix A New Look at Economic Theory-Four Lectures Given at the University of Virginia, 1961



Lecture I. The Object of Economic Theory



Lecture II. The Economic Calculus



Lecture III. Economics and Technology



Lecture IV. The Communication Function of the Market



Appendix B Economists and Philosophers-Walgreen Lecture, University of Chicago, 1963



Index