Capitalism and the Historians.

HAYEK, F.A.

$450.00

Item Number: 133717

London: Routledge & Kegan Paul Limited, 1954.

First edition of this collection of essays. Octavo, original cloth. Near fine in a near fine dust jacket with a small stamp to the front panel. Includes essays by T.S. Ashton, Louis Hacker, F.A. Hayek, W.H. Hutt and Bertrand de Jouvenel. Uncommon in this condition.

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.