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14 of 20 people found the following review helpful
5.0 out of 5 stars This book is a must for all lovers of freedom, 29 Aug. 1999
By A Customer
This review is from: The Fatal Conceit: The Errors of Socialism (The Collected Works of F. A. Hayek) (Paperback)
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.
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Showing 1-3 of 3 posts in this discussion
Initial post: 11 Apr 2009 08:22:52 BDT
V. Cole says:
in 2009(10 years later)i wonder if the author or anyone else will offer a revision in the light of our global economic plight.

In reply to an earlier post on 22 Jun 2010 09:59:43 BDT
BillUK says:
On the contrary, I am more convinced than ever that the big, interventionist state leads to perdition. If the US government had not encouraged/arm-twisted banks into making subprime mortgage loans and instead properly supervised, for example, the rating agencies, we would have had a downturn but not the tsunami that in fact occurred. The problems we see in Greece, Italy and even here in the UK simply stem from governments overborrowing to try to fulfill promises they never should have made in the first place. That voters elect them on the basis of those promises is one of the enduring problems with democracy.

In reply to an earlier post on 23 Jul 2013 15:29:58 BDT
Meeky Too says:
If only it were that simple.
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