Description
From the $700 billion bailout of the banking industry to president Barack Obama’s $787 billion stimulus package to the highly controversial passage of federal health-care reform, conservatives and concerned citizens alike have grown increasingly fearful of big government. Enter economist and political theorist F. A. Hayek. This book is a statement on the ideals of freedom and liberty, ideals that he believes have guided — and must continue to guide — the growth of Western civilization. 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 an argument for prudence. Guided by this quality, he demonstrates that a free market system in a democratic polity — under the rule of law and with strong constitutional protections of individual rights — represents the best chance for the continuing existence of liberty.
- Author: Friedrich August Hayek
- Publisher: Routledge
- Published: 2011
- Pages: 588
- ISBN-13: 9780415035309
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