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The Rising Tide: Neoliberal Ideas in the Postwar Period

Daniel Stedman Jones

in Masters of the Universe: Hayek, Friedman, and the Birth of Neoliberal Politics

Published in print:
2014
Published Online:
October 2017
ISBN:
9780691161013
eISBN:
9781400851836
Item type:
chapter
Publisher:
Princeton University Press
DOI:
10.23943/princeton/9780691161013.003.0004
Subject:
History, American History: 20th Century

This chapter talks about how a distinct neoliberal worldview was built on the foundations of the critique of New Deal liberalism and social democracy synthesized in the writings of Ludwig von Mises, ... More


Positivism and Socialism

Bruce Caldwell

in Hayek's Challenge: An Intellectual Biography of F.A. Hayek

Published in print:
2003
Published Online:
February 2013
ISBN:
9780226091914
eISBN:
9780226091921
Item type:
chapter
Publisher:
University of Chicago Press
DOI:
10.7208/chicago/9780226091921.003.0006
Subject:
Economics and Finance, Economic History

In 1903, Carl Menger stepped down from his chair at the University of Vienna, succeeded by Friedrich von Wieser. The next year, Eugen Böhm-Bawerk concluded his third stint as minister of finance, and ... More


Hayek in Vienna

Bruce Caldwell

in Hayek's Challenge: An Intellectual Biography of F.A. Hayek

Published in print:
2003
Published Online:
February 2013
ISBN:
9780226091914
eISBN:
9780226091921
Item type:
chapter
Publisher:
University of Chicago Press
DOI:
10.7208/chicago/9780226091921.003.0007
Subject:
Economics and Finance, Economic History

This chapter describes Friedrich August von Hayek's family and early history; his student days; Friedrich von Wieser's influence on Hayek; and the relationship between Hayek and Ludwig von Mises.


Socialism, Capitalism, and the State

Geoffrey M. Hodgson

in Conceptualizing Capitalism: Institutions, Evolution, Future

Published in print:
2015
Published Online:
January 2016
ISBN:
9780226168005
eISBN:
9780226168142
Item type:
chapter
Publisher:
University of Chicago Press
DOI:
10.7208/chicago/9780226168142.003.0012
Subject:
Economics and Finance, Economic Systems

This chapter turns to the question of socialism, noting the origins of the term in the 1830s. Until the 1940s, socialism meant the abolition of private property. One of the first economists to ... More


Ordinal Utility: Pareto and the Austrians, 1900–1915

Ivan Moscati

in Measuring Utility: From the Marginal Revolution to Behavioral Economics

Published in print:
2018
Published Online:
December 2018
ISBN:
9780199372768
eISBN:
9780199372805
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/oso/9780199372768.003.0006
Subject:
Economics and Finance, Microeconomics

Chapter 5 deals with the ordinal revolution in utility analysis inaugurated by Vilfredo Pareto around 1900. The fundamental notion of Pareto’s analysis was that of preference, and he conceived of ... More


The Road to Evolution

Naomi Beck

in Hayek and the Evolution of Capitalism

Published in print:
2018
Published Online:
January 2019
ISBN:
9780226556000
eISBN:
9780226556147
Item type:
chapter
Publisher:
University of Chicago Press
DOI:
10.7208/chicago/9780226556147.003.0002
Subject:
History, History of Science, Technology, and Medicine

The first chapter traces the origins of Hayek’s interest in the natural sciences and in questions of epistemology, dating back to his formative years. The presumed transformation that took place in ... More


Let’s Be Pluralist on Entrepreneurship

Francis Green

in Knowledge and Coordination: A Liberal Interpretation

Published in print:
2014
Published Online:
April 2015
ISBN:
9780199355327
eISBN:
9780190261313
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:osobl/9780199355327.003.0009
Subject:
Economics and Finance, History of Economic Thought

This chapter discusses how several interpretations of entrepreneurship associated with Joseph Schumpeter, Frank Knight, Ludwig von Mises, Israel Kirzner, Arjo Klamer, and Deirdre McCloskey all relate ... More


Where Keynes Went Wrong

Hunter Lewis

in The Intellectual Origins of the Global Financial Crisis

Published in print:
2012
Published Online:
January 2013
ISBN:
9780823249602
eISBN:
9780823250752
Item type:
chapter
Publisher:
Fordham University Press
DOI:
10.5422/fordham/9780823249602.003.0012
Subject:
Philosophy, Political Philosophy

Part historical narrative and part a critique Keynesianism, this chapter argues that the bi-partisan consensus on Keynsian responses to the financial crisis is mistaken. Hunter Lewis illuminates some ... More


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