Capitalism and Historians; Inscribed by Nobel Prize-winning economist F.A. Hayek

  • Capitalism and the Historians.

Capitalism and the Historians.

Item Number: 87433

Chicago: University of Chicago Press, 1963.

Early printing of this collection of essays. Octavo, original illustrated wrappers. Inscribed by F.A. Hayek on the front free endpaper, “To Mr. John Marks with best wishes F.A. Hayek 28.3.80.” In near fine condition. Includes essays by T.S. Ashton, Louis Hacker, F.A. Hayek, W.H. Hutt and Bertrand de Jouvenel.

The views generally held about the rise of the factory system in Britain derive from highly distorted accounts of the social consequences of that system—so say the distinguished economic historians whose papers make up this book. The authors offer documentary evidence to support their conclusion that under capitalism the workers, despite long hours and other hardships of factory life, were better off financially, had more opportunities, and led a better life than had been the case before the Industrial Revolution.