This collection of lectures by the Nobel Laureate in Economics, F.A. Hayek, forms a unique sourcebook of his famous thinking on a crucial question: Was Socialism a Mistake?

Hayek’s central theme is that human beings never consciously planned society - it grew and evolved over the millennia. His argument is that it is the height of folly to suppose that we have the knowledge and expertise to cast aside our laws and institutions in an attempt to produce a better society.

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