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Hayek: A Collaborative Biography: Part XV: The Chicago School of Economics, Hayek's 'Luck' and the 1974 Nobel Prize for Economic Science

Hayek: A Collaborative Biography: Part XV: The Chicago School of Economics, Hayek's 'Luck' and the 1974 Nobel Prize for Economic Science

Hardcover

Series: Archival Insights Into the Evolution of Economics

PhilosophyEconomicsGeneral Political Science

ISBN10: 3319952188
ISBN13: 9783319952185
Publisher: Palgrave MacMillan
Published: Nov 16 2018
Pages: 432
Weight: 1.51
Height: 1.00 Width: 5.83 Depth: 8.27
Language: English
On 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.'

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Leeson, Robert

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Philosophy