The Hayek Collection

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Among the great prophets of today's economic troubles was Friedrich A. Hayek, the great colleague of Mises's who explained the business cycle to the English-speaking world, contributed mightily to economic theory, revised the history of the industrial revolution, and provided a devastating case against central planning. He went on to win the Nobel Prize for his work.

His best works are available now in the Mises store in a single collection at the discounted price of $130.

In print for the first time in decades are Hayek's great works on money and the business cycle: Prices and Production and Other Works. It's not only Bernanke who needs to absorb the lessons of this book, but the entire establishment of economic journalists. He shows how central banking is the source of our troubles, not the solution.

Central banking is a species of social management that came to take over the social sciences with the advent of positivism, which Hayek critiqued in his wonderful book The Counter-Revolution of Science. Meanwhile his classic book The Road to Serfdom warns of the consequences to human liberty that stems from the urge to stimulate the economy and plan society.

Some of his most outstanding articles of economic theory are found in Individualism and Economic Order. The biggest myths about the history of the free market are debunked in Capitalism and the Historians. Finally, Hayek writes candidly about his own life and opinions on modern problem in Hayek on Hayek.

All six works come in The Hayek Collection.