The Constitution of Liberty: Definitive Edition (F. A. Hayek's Collected Works Book 1)

Conservatives and concerned citizens have become increasingly apprehensive of big government, from the $700 billion bank bailout to President Barack Obama's $787 billion stimulus package to the controversial federal health-care reform. Nobel Prize-winning economist F. A. Hayek's warning against empowering states with greater economic control in his book The Road to Serfdom gained massive popularity when endorsed by Glenn Beck last summer, selling over 150,000 copies since then. The latest addition to the University of Chicago Press' series of edited editions of Hayek's works, The Constitution of Liberty, remains just as pertinent today as Serfdom. In this book, Hayek articulates his views on freedom and liberty, emphasizing their crucial role in the development of Western civilization. He defends the principles of a free society while critiquing the expansion of the welfare state and exploring the threats to freedom posed by a growing government and its negative impact on knowledge production and utilization. Contrary to those advocating for increased state intervention, Hayek presents a nuanced argument for caution, asserting that a free market system within a democratic state, governed by the rule of law and robust constitutional safeguards for individual rights, offers the best hope for the preservation of liberty. Balancing skepticism with optimism, Hayek's profound insights are more relevant and valuable than ever. This definitive edition of The Constitution of Liberty provides a new generation with the opportunity to benefit from his timeless wisdom.

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