The Constitution of Liberty: Difference between revisions
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The author makes the point that no single human is able to conceive of the wisdom contained in the present social institutions and encoded in market prices which are the product of a [[free market]]. | The author makes the point that no single human is able to conceive of the wisdom contained in the present social institutions and encoded in market prices which are the product of a [[free market]]. | ||
[[Category:Writings of Friedrich Hayek]] | [[Category:Writings of Friedrich Hayek|Constitution]] | ||
Revision as of 16:25, 3 April 2011
The Constitution of Liberty is a book by F.A. Hayek first published in 1960. Hayek proposes in the book a modern foundation of liberty not based on emotional justification, for in his words the unconvinced of liberty will not be convinced and already convinced do not need to read the book, but rather on a more utilitarian base.
The author makes the point that no single human is able to conceive of the wisdom contained in the present social institutions and encoded in market prices which are the product of a free market.