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

Hayek, F. A.

ISBN 10: 0226320669 / ISBN 13: 9780226320663

Published by University of Chicago Press, 1991

About this Item

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Bibliographic Details

• Title: The Fatal Conceit: The Errors of Socialism (Volume 1) (The Collected Works of F. A. Hayek)
• Publisher: University of Chicago Press
• Publication Date: 1991
• Language: English
• ISBN 10: 0226320669
• ISBN 13: 9780226320663
• Binding: paperback
• Condition: Good

About this title

Synopsis

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."

About the Author

F. A. Hayek (1899–1992), recipient of the Presidential Medal of Freedom in 1991 and co-winner of the Nobel 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 Vienna, University of London, University of Chicago, and University of Freiburg.