The Fatal Conceit:

Hayek gives the main arguments for the free-market case and presents his manifesto on the "errors of socialism." Hayek argues that socialism has, from its origins, been mistaken on factual, and even on logical, grounds and that its repeated failures in the many different practical applications of socialist ideas that this century has witnessed were the direct outcome of these errors. He labels as the "fatal conceit" the idea that "man is able to shape the world around him according to his wishes."

"The achievement of The Fatal Conceit is that it freshly shows why socialism must be refuted rather than merely dismissed—then refutes it again."—David R. Henderson, Fortune.

"Fascinating. . . . The energy and precision with which Mr. Hayek sweeps away his opposition is impressive."—Edward H. Crane, Wall Street Journal

F. A. Hayek is considered a pioneer in monetary theory, the preeminent proponent of the libertarian philosophy, and the ideological mentor of the Reagan and Thatcher "revolutions."

Ignorant people, please stay home on Election Day - Fox News


Fox News

Ignorant people, please stay home on Election Day
Fox News
As Friedrich Hayek pointed out in “The Fatal Conceit,” it's a problem that in our complex, extended economy, we rely on instincts developed during our ancestors' existence in small bands. In those old days, everyone knew everyone else, so affairs could ...

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Avett Brothers bassist Bob Crawford talks politics at The Basement in Nashville - Examiner.com


Avett Brothers bassist Bob Crawford talks politics at The Basement in Nashville
Examiner.com
In The Fatal Conceit, Hayek famously wrote, “The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design.” On foreign policy, Crawford tends to agree with libertarian-leaning Republican ...

Thoughts on Chris Preble's “A Libertarian Foreign Policy” - DeathRattleSports.com


Thoughts on Chris Preble's “A Libertarian Foreign Policy”
DeathRattleSports.com
He seemed on point in his analysis of military action as the greatest example of the fatal conceit. If we question the ability of the government to accurately and effectively do benign things like provide charity, it stands to reason that they would be ...

JOHN STOSSEL: On Election Day, the ignorant should stay home - Cherry Hill Courier Post


JOHN STOSSEL: On Election Day, the ignorant should stay home
Cherry Hill Courier Post
As Friedrich Hayek pointed out in “The Fatal Conceit,” it's a problem that in our complex, extended economy, we rely on instincts developed during our ancestors' existence in small bands. In those old days, everyone knew everyone else, so affairs could ...

and more »

COLUMN: Don't Trust Your Instincts - Gaston Gazette


COLUMN: Don't Trust Your Instincts
Gaston Gazette
As Friedrich Hayek pointed out in “The Fatal Conceit,” it's a problem that in our complex, extended economy, we rely on instincts developed during our ancestors' existence in small bands. In those old days, everyone knew everyone else, so affairs could ...

Steady As You Go - City Journal


Steady As You Go
City Journal
Its appeal, he writes, is largely driven by good intentions, an enduring political temptation Hayek called the Fatal Conceit. (Indeed, Greenspan abandoned the Taylor rule because he wanted to foster economic growth more quickly than “steady as you go” ...

The Basic Problem With the Fed - Wall Street Pit


The Basic Problem With the Fed
Wall Street Pit
Or as Friedrich Hayek called it, The Fatal Conceit. “The power and responsibilities of the Federal Reserve… are premised on the idea that somehow its managers know something that we do not,” writes Laissez-Faire Books executive editor Jeffrey Tucker.

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More Fiscal And Monetary Stimulus Means More 'Slo-flation' - Seeking Alpha


More Fiscal And Monetary Stimulus Means More 'Slo-flation'
Seeking Alpha
That would expose the fatal conceit of those, like him, who believe that nothing good can come if it does not originate in Washington. It's not enough to just lower the corporate tax rate to a more competitive level and eliminate loopholes and tax ...

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Why Libertarians Are Skeptics (But not all Skeptics Are Libertarians) - The National Interest Online (blog)


Why Libertarians Are Skeptics (But not all Skeptics Are Libertarians)
The National Interest Online (blog)
Libertarian skepticism of an activist foreign policy, particularly one that is prone to waging foreign wars, is also informed by FA Hayek's observations on the “fatal conceit;” the erroneous belief that “man is able to shape the world around him ...

Public Opinion Says A Conservative Message Wins In 2012 - Forbes


Public Opinion Says A Conservative Message Wins In 2012
Forbes
Hayek's insight, which he called the “fatal conceit,” is that even the best-intentioned politicians and bureaucrats do not remotely have the knowledge to manage the economy. History teaches us that interventions invariably fail and yield instead ...