Edward Chancellor | The New York Review of Books

The Naturalist

In a new biography, Friedrich Hayek emerges as a paradoxical figure: a passionate liberal whose most enthusiastic supporters have been conservative.

Hayek: A Life, 1899–1950

by Bruce Caldwell and Hansjoerg Klausinger

Liberalism’s Last Man: Hayek in the Age of Political Capitalism

by Vikash Yadav

December 7, 2023 issue

Waiting to Deflate

Two recent books try to explain the seemingly irrational behavior behind speculative bubbles, from the tulip craze of the 1600s to Bitcoin today.

The Delusions of Crowds: Why People Go Mad in Groups

by William J. Bernstein

Boom and Bust: A Global History of Financial Bubbles

by William Quinn and John D. Turner

August 19, 2021 issue

The Long Shadow of the Austrian School

The Marginal Revolutionaries: How Austrian Economists Fought the War of Ideas

by Janek Wasserman

May 14, 2020 issue

The Man Who Invented Money

John Law: A Scottish Adventurer of the Eighteenth Century

by James Buchan

April 18, 2019 issue