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2. A prologue. An economic theory of 1920th years: a sight from Vienna

This before not published text represents one of 5 lectures, Read by Hayek at the Chicago university in October, 1963 the Sponsor of it

Series of lectures there was Charles Uolgrina's fund (Charles O.Walgreen). It is necessary to note,

That Hayek intended to process the text of this lecture for the publication, but not

Smog of it make. Here it is reproduced in an original form. - it.


Though it seems to me that organizers of this lecture waited that I will be let in

Memoirs, till now I tried to avoid it. It is a dangerous habit, and

Not clearly, where to terminate, when you find out that for it audience parts

What the lecturer recollects, is things unknown and uninteresting. In the past I

Itself not very much loved this genre, and now even I regret that at my the first

Visiting of this country 40 years ago has not shown sufficient intelligence and

Has not listened to the old stock broker who wished to tell to me about crisis

1873. Though I also attended then to business cycles, it seemed to me boring To listen to it. Not so clearly, why you should appear more patient, Than I once as from a private experience I know that cost Only to begin, and it the every possible scraps of memoirs throwing light

Without delay on a vanity of the story-teller, than on the subjects representing general

Interest. On the other hand, as the researcher of history of economic thought I

Has spent many forces, trying to recreate intellectual atmosphere of the former

Discussions, dreaming thus of that participants of these discussions would keep

Certificates on the relations with contemporaries and that it was done in that

Age when such memoirs are still rather reliable. Now, standing

Before you with intention to execute just this problem, I well understand, why

- a part people avoid it: I am afraid that thus the person almost Inevitably it appears excessively egocentric and if to you will seem that I

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