HAYEK, Friedrich August von (1899-1992) - photo 1
HAYEK, Friedrich August von (1899-1992) - photo 2

HAYEK, Friedrich August von (1899-1992)

Lot 216
14.12.2022 10:30UTC +00:00
Classic
Sold
£ 2 520
AuctioneerCHRISTIE'S
Event locationUnited Kingdom, London
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ID 870875
Lot 216 | HAYEK, Friedrich August von (1899-1992)
Estimate value
£ 2 000 – 3 000
HAYEK, Friedrich August von (1899-1992)

Freedom and the Economic System. Public Policy Pamphlet No. 29. Chicago: University of Chicago Press, 1939.

Extremely rare first edition of Hayek's first expression of how 'a system of “general and permanent” laws would help overcome uncertainty and thus provide a framework for individual initiative and action' (Ealy). This 1939 pamphlet outlines in detail Hayek's vision of what a legal system should entail. It develops a critique of central economic planning, which Hayek fine-tuned in his famous The Road to Serfdom which was published 5 years later. Thus, in this work Hayek lays the ground for his robust defence of market libertarianism and the system of private property. He later won the Nobel Prize for Economics in 1974. No copies can be traced as selling at auction in the past 50 years (ABPC/RBH). Steven D. Ealy, The Rule of Law in Hayek's The Road to Serfdom https://sites01.lsu.edu/faculty/voegelin/wp-content/uploads/sites/80/2015/09/Steve-Ealy.pdf



Octavo (194 x 134mm). Pp. iv 37 [1] (title and introduction leaf faintly creased and with some faint soiling at top corner, light crease at foot of gutter throughout, otherwise clean and fresh). Original orange printed wrappers, stapled (top corner chipped, fore-edge of front wrapper lightly creased with a couple of very minor nicks).





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Auction house category:Printed books
Address of auction CHRISTIE'S
8 King Street, St. James's
SW1Y 6QT London
United Kingdom
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10.12.2022 – 13.12.2022
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