The Fortunes of Liberalism

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As Hayek reminds us, the cornerstone of modern economics -theory of value and price- 'represents a consistent continuation of the fundamental principles handed down by the Vienna school.'Here, in this modern collection of essays on the Australian school by one of its preeminent figures, is the genesis of this tradition and its place in intellectual history.Freedom, Hayek writes survives only when people chose to learn the lessons of economic and social theory.