Acknowledge Permission to Utilize Content From	8
	Preface	10
	Bibliography	21
	Contents	23
	List of Figures	25
	1: Clarifying Some Misconceptions About Hayek	26
	Bibliography	37
	2: Hayek: An Overview of His Life and Work	40
	Introduction	40
	Hayek Versus Keynes	45
	The Road to Serfdom	50
	Conclusion	54
	Epilogue: Hayek’s Century	56
	Bibliography	59
	3: The Anatomy of an Economic Crisis: Money, Prices, and Economic Order	62
	Introduction	62
	The Anatomy of the Global Financial Crisis	66
	Tacit Presuppositions and the Game of Political Economy	75
	Extraordinary Measures amid an Extraordinary Crisis	84
	Political Economy and the Counter-Factual	86
	Conclusion	90
	Epilogue: What Would Hayek Do?	92
	Bibliography	98
	4: Hayek on Market Theory and the Price System	102
	Introduction	102
	Hayek on Economics and Knowledge, and Appreciative Theory	106
	The Complacency of His Neoclassical Peers of the 1940s	113
	Mainstream Interpretations of Hayek	118
	Why the Mainstream Failed to Appropriate Hayek	129
	Conclusion	136
	Bibliography	139
	5: Hayek and Market Socialism	144
	Introduction	144
	Mises’s Challenge of Economic Calculation Under Socialism	146
	The Surprising Emergence of Neoclassical Socialism	149
	Market Socialism and Market Processes	153
	Hayek and the Political Economy of Liberalism and Socialism	158
	Conclusion	160
	Bibliography	162
	6: The False Promise of Socialism and The Road to Serfdom	165
	Introduction	165
	The Misesian Roots of Hayek’s Argument	168
	Hayek’s Journey from Technical Economist to Political Economist	171
	This Is Not a Slippery Slope	174
	Conclusion	178
	Bibliography	180
	7: A Genuine Institutional Economics	182
	Introduction	182
	From Smith to Menger to Mises: The Refinement of Invisible Hand Theorizing	186
	Mises, Hayek, and the Link Between the Early Austrian School and the Modern Austrian School	189
	Hayek, the Institutional Turn, and the Emergence of Law and Economics	192
	Hayek, Leoni, and Endogenous Rule Formation	196
	So What Is “Austrian” About a Hayekian Genuine Institutional Economics?	200
	The Spontaneous Order Approach	202
	Human Agency, Meaning, and Social Theory	205
	Hayek, Rationalism, and the Law of Association	208
	Conclusion	215
	Bibliography	215
	8: The Political Economy of a Free People	219
	Ideas, Institutions, Performance	219
	Institutional Problems Demand Institutional Solutions	233
	Conclusion	245
	Bibliography	246
	9: Hayek, Epistemics, Institutions, and Change	249
	Introduction	249
	Hayek’s Intellectual Journey	251
	Hayek and the Epistemic Turn in Economics	254
	Positive Economics Prior to Positivism	255
	Lange and Questions of Psychology	256
	Knowledge Assumptions in Economic Models	256
	Public Choice and the Epistemic Turn	261
	The Epistemic Limits of Democracy	268
	Conclusion	273
	Bibliography	274
	10: The Reconstruction of the Liberal Project	279
	Introduction	279
	Liberalism Is Liberal	285
	Populist Critique of the Establishment	291
	Cosmopolitanism as an Answer	294
	Conclusion	299
	Bibliography	301
	11: The Hayekian Legacy	304
	Introduction	304
	Tension 1: Technical Economists or Moral Philosopher	306
	Tension 2: Evolutionary Emergence or Design Principles of Institutional Architecture	307
	Tension 3: Moral Intuitions and Moral Demands	311
	Conclusion	313
	Bibliography	317
	Appendix A: Scholarly Impact of Hayek’s Work as Measured by Citations	318
	Appendix B: Top 20 Articles of the First 100 Years of the American Economic Review	321
	Appendix C: Hayek’s Intellectual Family Tree	323
	Appendix D: Timeline of Hayek’s Professional Life	325
	Author Index	329
	Subject Index	334