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The Fatal Conceit: The Errors of Socialism (The Collected Works of F. A. Hayek, Vol. 1)

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9780226320687: The Fatal Conceit: The Errors of Socialism (The Collected Works of F. A. Hayek, Vol. 1)
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Hayek gives the main arguments for the free-market case and presents his manifesto on the "errors of socialism." Hayek argues that socialism has, from its origins, been mistaken on factual, and even on logical, grounds and that its repeated failures in the many different practical applications of socialist ideas that this century has witnessed were the direct outcome of these errors. He labels as the "fatal conceit" the idea that "man is able to shape the world around him according to his wishes."

"The achievement of The Fatal Conceit is that it freshly shows why socialism must be refuted rather than merely dismissed—then refutes it again."—David R. Henderson, Fortune.

"Fascinating. . . . The energy and precision with which Mr. Hayek sweeps away his opposition is impressive."—Edward H. Crane, Wall Street Journal

F. A. Hayek is considered a pioneer in monetary theory, the preeminent proponent of the libertarian philosophy, and the ideological mentor of the Reagan and Thatcher "revolutions."

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From the Back Cover:

Adopting an economic and evolutionary approach throughout, Hayak examines the nature, origin, selection and development of the differing moralities of socialism and the market order; he recounts the extraordinary powers that 'the extended order' of the market, as he calls it, bestows on mankind, constituting and enabling the development of civilization.

About the Author:

F. A. Hayek (1899-1992), recipient of the Medal of Freedom in 1991 and co-winner of the Nobel Memorial Prize in Economics in 1974, was a pioneer in monetary theory and a leading proponent of classical liberalism  in the twentieth century. He taught at the University of London, the University of Chicago, and the University of Freiburg.

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Other Popular Editions of the Same Title

9780226320663: The Fatal Conceit: The Errors of Socialism (Volume 1) (The Collected Works of F. A. Hayek)

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ISBN 10: 0226320669 ISBN 13: 9780226320663
Publisher: University of Chicago Press, 1991
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9781138418943: The Fatal Conceit: The Errors of Socialism

Routledge, 2017
Hardcover

9780415041874: The Fatal Conceit: The Errors of Socialism (The Collected Works of F.A. Hayek)

Routledge, 1990
Softcover

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