15 of 21 people found the following review helpful
on 29 August 1999
For those who wonder why the promised utopia of state intervention never seems to work out as planned, this book provides the answer. Hayek addresses a much ignored theme, namely how institutions like money, markets and trade developed spontaneously and flourished because they were superior to any alternatives, not because they were consciously designed. He makes a powerful argument for tampering with these at our peril, and does so in a style that is not beyond the scope of a reader not familiar with economic theory. This book would represent excellent value were it ten times the actual price.