The Fatal Conceit: The Errors of Socialism

A critique of socialism by the Nobel Prize–winning economist: "The energy and precision with which Mr. Hayek sweeps away his opposition is impressive." —The Wall Street Journal

In this work, F.A. Hayek—a pioneer in monetary theory and proponent of libertarian philosophy—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 it...