"Guides are needed, and Bruce Caldwell's Hayek's Challenge is a welcome introduction."
— The Economist
"Caldwell's approach to the task of deconstructing Hayek's intellectual influence is an original one. . . . It is the intellectual voyage that interests Caldwell. . . . He charts his lengthy struggle with multiple equilibria and attempts to reconcile what have often seemed inconsistencies in his thinking. And, he shows how Hayek's interests, in later life, shifted away from pure economics and towards political theory and philosophy. . . . His exegesis of Hayek's main works is outstandingly lucid and may bring his ideas to the attention of a new generation of students. . . . Hayek's Challenge can be recommended to both the specialist and general reader."
— Howard Davies, Times Higher Education Supplement
"Bruce Caldwell's intellectual biography of the great Austrian is a wonderful work."
— Richard D. North, Independent
Named "Outstanding Academic Title" by Choice
"A carefully written, impeccably researched, and thoughtful book that is sure to become a standard in Hayek scholarship."
— Peter McNamara, Claremont Review of Books
"A finely nuanced addition to the literature of which [Caldwell] has such a fine command. The study represents a landmark in studies of Hayek and the development of Austrian economics for either of which it will long remain essential reading."
— D.E. Moggridge, EH.Net
"A significant contribution to philosophy and to economics. . . . Caldwell has wrestled with several complex themes in Hayek's philosophical writing and has provided us with an indispensable guide."
— Leonard P. Liggio, Journal of Markets and Morality
"A good place to start with if you want to understand or even emulate Hayek."
— Meghnad Desai, Business History
"Caldwell's pleasant and engaging book is an enduring contribution to Hayek scholarship.. It should be of interest outside the world of Hayek scholarship, too. Hayek has as good a claim as anyone to be the most important economist of the 20th century. . . . . Besides the excellent history of the early Austrian school, besides many particular insights and facts, the book has one great merit that more than suffices to make it a valuable contribution . . . its emphasis of the role of complex systems on Hayek's thought."
— Roger Koppl, Journal of Economic Behavior & Organization