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The Fatal Conceit: The Errors of Socialism MP3 CD – Audiobook, MP3 Audio, Unabridged
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From the Back Cover
Adopting an economic and evolutionary approach throughout, Hayak examines the nature, origin, selection and development of the differing moralities of socialism and the market order; he recounts the extraordinary powers that 'the extended order' of the market, as he calls it, bestows on mankind, constituting and enabling the development of civilization. --This text refers to the Audio CD edition.
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. He taught at the University of London, the University of Chicago, and the University of Freiburg. Among his other works published by the University of Chicago Press are The Constitution of Liberty and The Road to Serfdom.
Top customer reviews
The author charts the birth and subsequent advancement of our modern world not by careful central planning, but by an “evolutionary” process where people, ideas, customs, and traditions slowly worked themselves into the accepted fabric of our lives. The end result of this slow, gradual, process placed an emphasis on private property, which then ultimately led to our modern capitalistic system. Because our civilization was not planned, the socialists err in thinking they can improve upon what happened spontaneously, without realizing they are in fact a result of this spontaneous order.
Hayek loudly (and intelligently) argues against the socialist model and declares its proponents to either be malicious, deceptive, or self-serving, while in turn making the often-made mistake by libertarian, free-market economists of refusing to acknowledge that their theory on the proper functioning of civilization may not be infallible.
The Fatal Conceit uses a predominantly economic lens to view the world, but I found the chapters on the perversion of language and guardians of tradition particularly interesting.
The content is something that everyone should read/hear. It is, of course, painful to all elitists, leftists, and generally anybody who has a desire to run other people's lives and legally rob others of their earnings, but having lived in a socialist country for 30 years I can attest, from personal experience, that Hayek was right.