Description
Friedrich Hayek was one of the leading economists of the 20th century and the leading contemporary critic of Keynes. He did pioneering work on monetary theory and trade cycles, but achieved international fame through his 1944 critique of totalitarian socialism, The Road to Serfdom.
He went on to map out the principles of a free society in a series of books including Law, Legislation and Liberty and became the leading proponent, along with Milton Friedman, of economic and political liberalism.
Setting him in context as well as incorporating criticism since his death 20 years ago, this book explores several major areas of Hayek''s thought and argument:
- why society is not something that can be rebuilt any way we want, but is the result of long-term cultural evolution, and what that means for political reform, morality and individual choice
- the kind of laws that true freedom relies upon, and how freedom and its benefits are threatened by political confusions
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