"In an age when many on the right are worried that the Obama administration's reform of health care is leading us toward socialism, Hayek's warnings from the mid-twentieth century about society's slide toward despotism, and his principled defense of a minimal state, have found strong political resonance. . . . The notes [to this edition] make clear the extraordinary breadth and depth of Hayek’s erudition and his ability to wander far beyond economics into history, philosophy, biology, and other fields."
(Francis Fukuyama New York Times Book Review
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.