The pearlitic hardenability of a high-purity Fe-0.8 pct C alloy and zone-refined iron binary alloys containing Mn, Ni, Si, Mo, or Co was studied by means of hot-stage microscopy. The binary alloys were carburized in a gradient furnace to produce eutectoid compositions, thus eliminating proeutectoid phases. A special technique based on hot-stage microscopy was used to study the effect of cooling rate (10°F/min to 25,000°F/min) on the transformation of austenite and provided data for the construction of continuous cooling-transformation diagrams. From these diagrams critical cooling rates were obtained for hardenability calculations. It was found that molybdenum is the most effective element, followed by Si, Ni, Co, and Mn, in suppressing the pearlite transformation,i.e., in increasing the hardenability of the alloys studied. The alloying additions were grouped into two classes according to their effect on hardenability: α-stabilizers (Mo and Si) and γ-stabilizers (Ni, Co, Mn), with the α-stabilizers being the more effective in improving hardenability.