The Fatal Conceit: The Errors Of Socialism

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."

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aboutLiberty Portal

Liberty Portal is your gateway for free markets and free thinking. We aggregate open-sourced content to promote and popularize important people and lessons within the liberty movement.

Time to Smash the Neocons Once and For All

History and economics they didn't teach you

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Lloyd DeMause

The Origins of War in Child Abuse

Lloyd DeMause has made major contributions to the study of Psychohistory which is the study of the psychological motivations of historical events. Psychohistory seeks to understand the emotional origin of the social and political behavior of groups and nations, past and present. Its subject matter is childhood and the family (especially child abuse), and psychological studies of anthropology and ethnology. Audiobook read by Stefan Molyneux.

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Steven Levitt & Stephen Dubner

Freakonomics

Which is more dangerous, a gun or a swimming pool?

What do schoolteachers and sumo wrestlers have in common?

How much do parents really matter?

These may not sound like typical questions for an economist to ask. But Steven D. Levitt is not a typical economist. He studies the riddles of everyday life—from cheating and crime to parenting and sports—and reaches conclusions that turn conventional wisdom on its head.

Freakonomics is a groundbreaking collaboration between Levitt and Stephen J. Dubner, an award-winning author and journalist. They set out to explore the inner workings of a crack gang, the truth about real estate agents, the secrets of the Ku Klux Klan, and much more.

Through forceful storytelling and wry insight, they show that economics is, at root, the study of incentives—how people get what they want or need, especially when other people want or need the same thing.

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Stefan Molyneux

The Handbook of Human Ownership: A Manual for New Tax Farmers

Hey – seriously - congratulations on your new political post!

If you are reading this, it means that you have ascended to the highest levels of government, so it’s really, re-ally important that you don’t do or say anything stupid, and screw things up for the rest of us.

The first thing to remember is that you are a figurehead, about as relevant to the direction of the state as a hood ornament is to the direction of a car – but you are a very important distraction, the “smiling face” of the fist of power. So hold your nose, kiss the babies, and just think how good you would look on a stamp. A stamp, for mail… No, not email, mail. Never mind, we’ll explain later.

Now, before we go into your media responsibilities, you must understand the true history of political power, so you don’t accidentally act on the naïve idealism you are required to project to

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