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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, ...Show synopsisHayek 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."Hide synopsis
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Description:New. Adopting an economic and evolutionary approach throughout,...New. 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 t...
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Friedrich A Von Hayek, one of the two best-known Austrian economists on record, has written a masterpiece that all Americans should be required to read. Hayek addresses the age-old problems that socialism breeds and promulgates. According to Hayek the true costs of government socialistic programs are ...
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