Individualism and Economic Order - First Edition - Signed - Friedrich A. Hayek - Bauman Rare Books

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Individualism and Economic Order

Friedrich A. HAYEK

Item#: 114151 We're sorry, this item has been sold

Individualism and Economic Order

Individualism and Economic Order

Individualism and Economic Order

PRESENTATION COPY OF INDIVIDUALISM AND ECONOMIC ORDER, INSCRIBED BY FRIEDRICH HAYEK

HAYEK, Friedrich A. Individualism and Economic Order. Chicago: University of Chicago Press, (1948). Octavo, original blue cloth. Housed in a custom clamshell box.

First edition, presentation copy, of this collection of economics essays rejecting socialism in favor of true individualism, inscribed in German by Friedrich Hayek: "Herrn Kollegen Dr Richard Klar mit den herzlichsten Empfehlung [with the warmest recommendation] von F.A. Hayek. Chicago 3.II.54."

A collection of essays covering economic policy and theory, moral philosophy and the methods of the social sciences, all written from an individualist perspective. Co-winner of the 1974 Nobel Prize in Economics and a prominent member of the "Austrian School" of economic thought, Hayek went "beyond [Ludwig von] Mises in reformulating the notion of economic coordination as an information problem, competition acting essentially as a discovery process" (Blaug, 557). Hayek's main contributions as an economist have been his arguments about the benefits of free markets and the information provided by prices. These arguments lead to the conclusion that attempts to alter or control markets should be opposed because they inevitably limit individual freedom, reduce economic efficiency and lower living standards. Markets, for Hayek, were self-regulating devices that promote prosperity. Government policy and other attempts to hinder the workings of markets make us worse off economically and reduce individual liberty" (Pressman, 119). Without scarce dust jacket.

Interior fine, scattered hazing to cloth, light rubbing and toning to spine. A near-fine inscribed copy.

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Aquatint Copperplate process by which the plate is “bitten” by exposure to acid. By changing the areas of the plate that are exposed and the length of time the plate is submerged in the acid bath, the engraver can obtain fine and varying shades of gray that closely resemble watercolor washes. Although the name contains the word “tint”, this is a black-and-white printing process; aquatint plates can often be hand colored, however.
Armorial Used to describe a binding bearing the coat of arms of the original owner, or with bookplates incorporating the owner’s arms.
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Boards Hard front and rear covers of a bound book which are covered in cloth, leather or paper. “Original boards” refers to cardboard-like front and back boards, from about 1700 to 1840, used as temporary protection for books before their purchasers would have them bound. Of particular value to collectors as evidence of a very early form of the book.
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Calf Binding material made from cowhide—versatile, durable, usually tan or brown in color, of smooth texture with no or little apparent grain. Readily marbled (“tree calf”), mottled, diced, colored, polished, tooled in gilt or blind, even scented (known as “russia”). Reverse calf, with a distinctive suede-like texture, is occasionally used.
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