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The Fatal Conceit: The Errors of Socialism is a book written by the economist and political philosopher Friedrich Hayek and edited by the philosopher William Warren Bartley. The book was first published in 1988 by the University of Chicago Press .
- Friedrich Hayek
- 1988
Jan 1, 2001 · Hayek argues that socialism has, from its origins, been mistaken on factual, and even on logical, grounds and that its repeated failures in the many different practical applications of socialist ideas that this century has witnessed were the direct outcome of these errors.
- (2.3K)
- Paperback
- Introduction: Was Socialism A Mistake?
- Ch. 1: Between Instinct and Reason
- Ch. 2: The Origins of Liberty, Property and Justice
- Ch. 3: The Evolution of The Market: Trade and Civilisation
- Ch. 4: The Revolt of Instinct and Reason
- Ch. 5: The Fatal Conceit
- Ch. 6: The Mysterious World of Trade and Money
- Ch. 7: Our Poisoned Language
- Ch. 8: The Extended Order and Population Growth
- Ch. 9: Religion and The Guardians of Tradition
To understand our civilisation, one must appreciate that the extended order resulted not from human design or intention but spontaneously: it arose from unintentionally conforming to certain tradit...
It is no accident that many abstract rules, such as those treating individual responsibility and several property, are associated with economics. Economics has from its origins been concerned with...
If morals and tradition, rather than intelligence and calculating reason, lifted men above the savages, the distinctive foundations of modern civilisation were laid in antiquity in the region surro...
This 'chain reaction' sparked by new settlement and trade may be studied more closely. While some animals are adapted to particular and rather limited environmental 'niches' outside of which they c...
Indeed, by the nineteenth century, serious intellectual appreciation and discussion of the role of property in the development of civilisation would seem to have fallen under a kind of ban in many...
Hence I wish to concede forthwith that most tenets, institutions, and practices of traditional morality and of capitalism do not meet the requirements or criteria stated and are -from the perspecti...
There is an irony here: that precisely those who do not think of economic events in literally materialistic terms - that is, in terms of physical quantities of material substances - but are guided...
Language enables us not only to label objects given to our senses as distinct entities, but also to classify an infinite variety of combinations of distinguishing marks according to what we expect...
Envy and ignorance lead people to regard possessing more than one needs for current consumption as a matter for censure rather than merit.
see also "The Presumption of Reason" (1986) 1. The undoubted historical connection between religion and the values that have shaped and furthered our civilisation, such as the family and several property, does not of course mean that there is any intrinsic connection between religion as such and such values. Among the founders of religions over the...
While intended as a capstone work to summarize his lifelong contributions to the social sciences, this book takes a somewhat novel tack by examining the origin and nature of ethics. Like Marx, Hayek sees an inherent contradiction in Western capitalistic societies.
Hayek argues that socialism has, from its origins, been mistaken on factual, and even on logical, grounds and that its repeated failures in the many different practical applications of socialist ideas that this century has witnessed were the direct outcome of these errors.
Aug 28, 1991 · The “Fatal Conceit” is the ancient belief that reason, particularly the reasoning of powerful or educated elites, can manage and operate the human economy (and the creation of wealth and wellbeing) more efficiently and more effectively than the extended order will operate on its own.
Jul 15, 2011 · A critique of socialism by the Nobel Prize–winning economist: “The energy and precision with which Mr. Hayek sweeps away his opposition is impressive.” —The Wall Street Journal. In this work, F.A....
