All legislative Powers herein granted shall be vested in a Congress of the United States, which shall consist of a Senate and house of Representatives. Enter Nobel Prize—winning economist and political theorist F. Hayek, whose passionate warning against empowering states with greater economic control, The Road to Serfdom , became an overnight sensation last summer when it was endorsed by Glenn Beck.
The book has since sold over , copies. Here Hayek defends the principles of a free society, casting a skeptical eye on the growth of the welfare state and examining the challenges to freedom posed by an ever expanding government—as well as its corrosive effect on the creation, preservation, and utilization of knowledge.
In opposition to those who call for the state to play a greater role in society, Hayek puts forward a nuanced argument for prudence. Working after the war, Hayek's writing was very much against the tide of mainstream Keynesian economic thought. But in the s and s - the eras of Thatcherism and Reaganomics - he was championed as a prophet of neo-liberalism by those who were seeking to revolutionize the post-war social consensus.
The Constitution of Liberty is crucial reading for all those seeking to understand ideas that have become the orthodoxy in the age of the globalized economy. Get BOOK. Author : F. The Constitution of Liberty.
Originally published in , The Constitution of Liberty delineates and defends the principles of a free society and traces the origin, rise, and decline of the rule of law. Casting a skeptical eye on the growth of the welfare state, Hayek examines the challenges to freedom posed by an ever.
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