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The Constitution of Liberty

Editor

Listed:
  • Hamowy, Ronald

Author

Listed:
  • Hayek, F. A.

Abstract

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 Nobel Prize–winning economist and political theorist F. A. Hayek, whose passionate warning against empowering states with greater economic control, The Road to Serfdom , became an overnight sensation last summer when it was endorsed by Glenn Beck. The book has since sold over 150,000 copies. The latest entry in the University of Chicago Press’s series of newly edited editions of Hayek’s works, The Constitution of Liberty is, like Serfdom , just as relevant to our present moment. The book is considered Hayek’s classic 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 a nuanced argument for prudence. Guided by this quality, he elegantly 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. Striking a balance between skepticism and hope, Hayek’s profound insights are timelier and more welcome than ever before. This definitive edition of The Constitution of Liberty will give a new generation the opportunity to learn from his enduring wisdom.

Suggested Citation

  • Hayek, F. A., 2011. "The Constitution of Liberty," University of Chicago Press Economics Books, University of Chicago Press, number 9780226315379 edited by Hamowy, Ronald, Febrero.
  • Handle: RePEc:ucp:bkecon:9780226315379
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    Citations

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    Cited by:

    1. Barry Eichengreen & David Leblang, 2008. "Democracy And Globalization," Economics and Politics, Wiley Blackwell, vol. 20(3), pages 289-334, November.
    2. Arthur Grimes, 1998. "Liberalisation of financial markets in New Zealand," Reserve Bank of New Zealand Bulletin, Reserve Bank of New Zealand, vol. 61, December.
    3. Hugo Faria & Hugo Montesinos, 2009. "Does economic freedom cause prosperity? An IV approach," Public Choice, Springer, vol. 141(1), pages 103-127, October.
    4. Niclas Berggren, 2006. "Legal positivism and property rights: a critique of Hayek and Peczenik," Constitutional Political Economy, Springer, vol. 17(3), pages 217-235, September.
    5. Deepak Lal, 1993. "Does Openness Matter? How to Appraise the Evidence," UCLA Economics Working Papers 690, UCLA Department of Economics.
    6. Boettke, Peter, 2010. "What happened to "efficient markets?"," MPRA Paper 33600, University Library of Munich, Germany.
    7. Alexander Salter, 2015. "Calhoun’s concurrent majority as a generality norm," Constitutional Political Economy, Springer, vol. 26(3), pages 375-390, September.
    8. Ken Binmore, "undated". "A Utilitarian Theory of Political Legitimacy," ELSE working papers 031, ESRC Centre on Economics Learning and Social Evolution.
    9. Deepak Lal, 1991. "Why Growth Rates Differ: The Political Economy of Social Capability in 21 Developing Countries," UCLA Economics Working Papers 642, UCLA Department of Economics.
    10. Steve Fleetwood, 2007. "Austrian economics and the analysis of labor markets," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 20(4), pages 247-267, December.
    11. Niclas Berggren, 2009. "Choosing one’s own informal institutions: on Hayek’s critique of Keynes’s immoralism," Constitutional Political Economy, Springer, vol. 20(2), pages 139-159, June.
    12. G. R. Steele, 2005. "Psychology, social evolution and liberalism: a Hayekian trinity," Review of Political Economy, Taylor & Francis Journals, vol. 17(4), pages 571-586.
    13. Philippe Aghion & Alberto Alesina & Francesco Trebbi, 2005. "Choosing Electoral rules: Theory and Evidence from US Cities," Harvard Institute of Economic Research Working Papers 2065, Harvard - Institute of Economic Research.
    14. Paz Estrella Tolentino, 2000. "The Conduct of Industrial Policy in an Integrated Europe," International Review of Applied Economics, Taylor & Francis Journals, vol. 14(3), pages 391-401.
    15. Adam Gifford, 2002. "The Evolution of the Social Contract," Constitutional Political Economy, Springer, vol. 13(4), pages 361-379, December.
    16. Jens Sörensen & Erik J. Olsson, 2020. "Shadow Management: Neoliberalism and the Erosion of Democratic Legitimacy through Ombudsmen with Case Studies from Swedish Higher Education," Societies, MDPI, Open Access Journal, vol. 10(2), pages 1-13, March.
    17. Emily Chamlee-Wright & Justus Myers, 2008. "Discovery and social learning in non-priced environments: An Austrian view of social network theory," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 21(2), pages 151-166, September.
    18. Martin Leschke, 2000. "Constitutional Choice and Prosperity: A Factor Analysis," Constitutional Political Economy, Springer, vol. 11(3), pages 265-279, September.
    19. Vipin Veetil, 2011. "Conceptions of rationality in law and economics," European Journal of Law and Economics, Springer, vol. 31(2), pages 199-228, April.
    20. Horst Feldmann, 2009. "The quality of the legal system and labor market performance around the world," European Journal of Law and Economics, Springer, vol. 28(1), pages 39-65, August.

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