First Edition of Individualism and Economic Order; Signed by Nobel Prize-winning Economist F.A. Hayek

  • Individualism and Economic Order.

Individualism and Economic Order.

Item Number: 5542

London: Routledge & Kegan Paul, 1949.

First British edition of this collection of economics essays rejecting socialism in favor of true individualism. Octavo, original cloth. Boldly signed by F.A. Hayek on the title page. Near fine in a near fine dust jacket with a few small closed tears. Housed in a custom half morocco clamshell box. Rare and desirable signed.

Individualism and Economic Order is a collection of essays originally published between the 1930s and 1940s, discussing topics ranging from moral philosophy to the methods of the social sciences and economic theory to contrast free markets with planned economies. Included is the classic article, "The Use of Knowledge in Society" which caused a sensation among economists, setting off a train of work in the economics of information and other areas, including the work of a number of future Nobel Prize winners, as noted by Nobel winner Leonid Hurwicz. UCLA economist Armen Alchian remembers the excitement of reading Hayek's essay and stopping fellow economists in the hallway to ask if they had read Hayek's essay. In 2011 "The Use of Knowledge in Society" was selected as one of the top 20 articles published in the American Economic Review during its first 100 years.