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.