In seinem berühmten Buch lieferte Adam Smith das erste geschlossene System der Volkswirtschaftslehre, auf das alle späteren Theoretiker Bezug nahmen. Smith ging davon aus, dass es im Menschen einen ursprünglich angelegten Ausgleich zwischen Selbstsucht und Nächstenliebe gibt und daß sich...

This paper evaluates the contribution of Risk, Uncertainty, and Profit to the development ofeconomic theory in the 20th century. Our argument in this paper is twofold. First, we contend thatthis book embodied what had been the common knowledge of early neoclassical economics priorto WWII....

This paper contextualizes the contribution of Risk, Uncertainty, and Profit to the development of economic theory in the 20th century. Our argument in this paper is twofold. First, we contend that this book embodied what had been the common knowledge of early neoclassical economics prior to...

Front Cover -- Revisiting Hayek's Political Economy -- Copyright Page -- Contents -- List of Contributors -- About the Contributors -- Introduction -- Notes -- References -- Hayek's Nobel -- Introduction -- Prelude -- The Nobel Prize Ceremony -- Hayek's Prize Lecture -- Battles of the Nobels --...