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The Constitution of Liberty: The Definitive Edition (The Collected Works of F. A. Hayek) Paperback – April 1, 2011
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About the Author
F. A. Hayek (1899–1992), recipient of the Presidential Medal of Freedom in 1991 and cowinner of the Nobel Memorial Prize in Economics in 1974, was a pioneer in monetary theory and a leading proponent of classical liberalism in the twentieth century. Ronald Hamowy is professor of history emeritus at the University of Alberta. He is the editor of The Encyclopedia of Libertarianism, among other books.
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Top Customer Reviews
Hayek's purpose in restating the principles of liberal society is to defend these principles against the opposing intellectual movement of collectivism. Western Civilization succeeded largely because of its individualism. Collectivism is undermining the basis of modern civilization in the West. Individualism is important because we each lack the knowledge needed to rationally direct the affairs of others. Some people believe that they can plan out society because they are `experts' or because they are educated. Hayek saw that nobody can posses the knowledge needed to design a rational order for society. As Hayek put it, "it is largely because civilization enables us constantly to profit from knowledge which we individually do not posses that men can pursue their individual ends more successfully than they could alone".
In writing this book, Hayek shifted his attention away from full-blown socialism and towards the modern welfare state. Hayek seems to have felt that the case for socialism had been sufficiently weakened so as to allow him to critique welfare states. Hayek accepted some types of government intervention that libertarians typically oppose. Rather than opposing each program point by point, Hayek sought out some `lynchpin issues' that would limit state growth.Read more ›
Hayek's states his theory in part I of this book, titled "The Value of Freedom". He seeks to explore the nature of the ideal of freedom (liberty) and to explain why this ideal is valuable and worth pursuing. He finds the nature of freedom in the absence of coercion on a person by another person or group. He argues that in giving the broadest scope of action to each individual, society will benefit in ways that cannot be forseen in advance or planned and each person will be allowed to develop his or her capacities. Hayek summarizes his views near the end of his book (p. 394):
" [T]he ultimate aim of freedom is the enlargement of those capacities in which man surpasses his ancestors and to which each generation must endeavor to add its share -- its share in the growth of knowledge and the gradual advance of moral and aesthetic beliefs, where no superior must be allowed to enforce one set of views of what is right or good and where only further experience can decide what should prevail."
The book focuses on issues of economic freedom and on the value of the competitive market. Hayek has been influenced by writers such as David Hume, Edmund Burke, and John Stuart Mill in "On Liberty.Read more ›
Although TCOL was published in 1960 (containing his wonderful essay at the end - Why I am not a Conservative), it is timeless in its reach. Not only does it help you understand the need for liberty, but you see its relevance today in almost every political argument we now have - and have ever had.
I recommend another book for libertarians or those interested in it which I think goes well with TCOL. Karl Popper's The Open Society and its Enemies shows how philosophers like Plato and Hegel gave sustenance to totalitarians and explains how trying to support an open society with historical (a broadly used term) authority is ultimately unworkable.Read more ›
Most Recent Customer Reviews
I downloaded the Kindle version. No typos and very readable.
The content is amazing. If you have any libertarian instincts , this will sharpen your thoughts tremendously. Read more
Hayek is one of the foremost leaders in economic thought in the 20th century. Ever wonder why he won a Nobel prize and J.M.Keynes did not. Read morePublished 4 months ago by Morgan Hughes
A very interesting read on the writings of FA Hayek. This man was a founding father of the movement we now call Libertarianism. Read morePublished 7 months ago by James Tolbert
Reading this should be a prerequisite to graduate from any institution of higher learning, but never will be. Read morePublished 10 months ago by David P. Fortin