LEADER 04532nam 22004815 450 001 9910299631403321 005 20200703103456.0 010 $a3-319-95219-6 024 7 $a10.1007/978-3-319-95219-2 035 $a(CKB)4100000007110761 035 $a(MiAaPQ)EBC5596984 035 $a(DE-He213)978-3-319-95219-2 035 $a(EXLCZ)994100000007110761 100 $a20181102d2018 u| 0 101 0 $aeng 135 $aurcnu|||||||| 181 $ctxt$2rdacontent 182 $cc$2rdamedia 183 $acr$2rdacarrier 200 10$aHayek: A Collaborative Biography $ePart XV: The Chicago School of Economics, Hayek?s ?luck? and the 1974 Nobel Prize for Economic Science /$fedited by Robert Leeson 205 $a1st ed. 2018. 210 1$aCham :$cSpringer International Publishing :$cImprint: Palgrave Macmillan,$d2018. 215 $a1 online resource (440 pages) 225 1 $aArchival Insights into the Evolution of Economics,$x2662-6195 311 $a3-319-95218-8 320 $aIncludes bibliographical references and index. 327 $aPart I: Hayek's Luck -- 1. ?I have been lucky in this game.? -Robert Leeson -- 2. The Tobacco, Obesity and Fossil Fuel Lobby - ?As Happy as Hell.? -Robert Leeson -- 3. 1-15: Residual reverence towards the Second Estate. -Robert Leeson -- 4. 16-20: Loyal ?intermediaries.? -Robert Leeson -- 5. 21-24: ?I desire to preserve correct relations in public.? Robert Leeson -- 6. 25: Suppression, the dogs that didn?t bark, and the emerging Chicago School of Economics. -Robert Leeson -- 7. 31 Conclusions about Hayek?s Nineteen Thirty One ?Prediction.? -Robert Leeson -- Part II: Myrdal and Machlup -- 8. The Saving/Investment Explanation of Business Cycles in Hayek and Myrdal: Similarities and Differences. -Adrián de León Arias -- 9. Machlup and Hayek: Filation of Ideas and Ambition. Carol M. Connell -- Part III: The Chicago School of Economics -- 10. Friedman and Hayek?s Converging Ideas on Freedom and the State. Birsen Filip -- 11. Chicago Economics in the Making, 1926-1940: A Further Look at United States Interwar Pluralism. Luca Fiorito and Sebastiano Nerozzi. 330 $aOn 9 August 1974, Richard Nixon resigned to avoid impeachment; on 29 April 1975, the United States scuttled from their Embassy in Saigon - optics that were interpreted as defeats for the ?International Right?. Yet in 1975, Margaret Thatcher became leader of the Conservative Party; and in 1976 Ronald Reagan almost unseated a sitting Republican Party President. Pivotal to the ?turn to the Right? was Friedrich ?von? Hayek?s 1974 Nobel Prize for Economic Science - awarded for having used Austrian Business Cycle Theory to predict the Great Depression: ?For him it is not a matter of a simple defence of a liberal system of society as may sometimes appear from the popularized versions of his thinking.? The evidence suggests that Hayek?s fraudulent assertion was uncovered at the University of Chicago in the early 1930s ? but not reported. The most likely explanation is self-censorship - for reasons of ideological correctness, fund raising and residual deference to the Second Estate. Four indirect tests suggest that ?free? market economists have - in other instances and presumably for fund-raising motives - suppressed embarrassing ?knowledge?: which suggests that they were perfectly capable of suppressing ?knowledge? about Hayek?s non-prediction of the Great Depression. With respect to the Nobel Prize and thus his ability to reach a wider audience, Hayek was fortune in having two loyal ?intermediaries?: Lionel Robbins and Fritz Machlup who were ? and probably felt themselves to be ? ?socially? inferior to ?von? Hayek. . 410 0$aArchival Insights into the Evolution of Economics,$x2662-6195 606 $aEconomic history 606 $aEconomic policy 606 $aHistory of Economic Thought/Methodology$3https://scigraph.springernature.com/ontologies/product-market-codes/W28000 606 $aEconomic Policy$3https://scigraph.springernature.com/ontologies/product-market-codes/W34010 615 0$aEconomic history. 615 0$aEconomic policy. 615 14$aHistory of Economic Thought/Methodology. 615 24$aEconomic Policy. 676 $a330.157092 702 $aLeeson$b Robert$4edt$4http://id.loc.gov/vocabulary/relators/edt 906 $aBOOK 912 $a9910299631403321 996 $aHayek: A Collaborative Biography$92139636 997 $aUNINA