The Fatal Conceit: The Errors of Socialism

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University of Chicago Press, Aug 1, 1991 - Business & Economics - 180 pages
32 Reviews
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 Conceitis that it freshly shows why socialism must be refuted rather than merely dismissedthen 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."

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Review: The Fatal Conceit: The Errors of Socialism

User Review  - Joshua Nuckols - Goodreads

I agree with his premise about man's Fatal Conceit in attempting to order an economy -- men are too sinful -- too stupid to do it successfully. Hayek has a Fatal Flaw -- his evolutionary materialism ... Read full review

Review: The Fatal Conceit: The Errors of Socialism

User Review  - Ayase Yayoi - Goodreads

let me think it over Read full review

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About the author (1991)

F. A. Hayek (1899-1992), recipient of the Medal of Freedom in 1991 and co-winner of the Nobel Memorial Prize in Economics in 1974, was a pioneer in monetary theory and the principal proponent of libertarianism in the twentieth century. He taught at the University of London, the University of Chicago, and the University of Freiburg.