The Fatal Conceit: The Errors of Socialism
University of Chicago Press, Oct 4, 1991 - Business & Economics - 180 pages
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."
What people are saying - Write a review
Review: The Fatal Conceit: The Errors of SocialismUser Review - Michael Stumborg - Goodreads
If every high school student were required to read this book, socialism would gradually cease to exist in America for a lack of new adherents. Older American liberals can't give up the ghost. Even ... Read full review
Review: The Fatal Conceit: The Errors of SocialismUser Review - Sean Rosenthal - Goodreads
Interesting Quote: "To the naive mind that can conceive of order only as the product of deliberate arrangement, it may seem absurd that...order...can be achieved more effectively by decentralizing ... Read full review