The Constitution of Liberty
Crucial reading for those seeking to understand ideas that have become the orthodoxy in the age of the globalized economy.
“Friedrich August Hayek (1899–1992) was an economist and philosopher best known for his defense of classical liberalism. In 1974, Hayek shared the Nobel Memorial Prize in Economic Sciences for his “”pioneering work in the theory of money and economic fluctuations and … penetrating analysis of the interdependence of economic, social and institutional phenomena.””
Hayek’s account of how changing prices communicate information, enabling individuals to coordinate their plans, is widely regarded as an important achievement in economics. He also contributed to the fields of systems thinking, jurisprudence, neuroscience and the history of ideas. “