The Fatal Conceit: The Errors of Socialism (Volume 1) (The Collected Works of F. A. Hayek)
A seminal critique of socialism's flawed assumptions and a defense of free-market principles.
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Print Length:
194 pages
Publication Date:
August 28, 1991
Other Titles By F. A. Hayek
Capital and Interest (Volume 11) (The Collected Works of F. A. Hayek)
Contra Keynes and Cambridge: Essays, Correspondence (The Collected Works of F. A. Hayek)
Socialism and War: Essays, Documents, Reviews (The Collected Works of F.A. Hayek)
Studies on the Abuse and Decline of Reason: Text and Documents (The Collected Works of F. A. Hayek)
The Fatal Conceit: The Errors of Socialism (Volume 1) (The Collected Works of F. A. Hayek)
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F. A. Hayek's "The Fatal Conceit" presents a rigorous critique of socialism, arguing that its foundational assumptions are flawed both factually and logically. Hayek contends that socialism's failures stem from the mistaken belief that humans can design and control complex social systems according to their wishes. The book offers a powerful defense of free-market principles and classical liberalism, emphasizing the limits of human knowledge and the dangers of centralized planning. It remains a seminal work in economic and political philosophy.
