Originally published in 1960, The Constitution of Liberty
delineates and defends the principles of a free society and traces
the origin, rise, and decline of the rule of law. Casting a
skeptical eye on the growth of the welfare state, Hayek examines
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 distinction to those who confidently
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 remain strikingly
vital half a century on. This definitive edition of The
Constitution of Liberty will give a new generation the opportunity
to learn from Hayek's enduring wisdom.
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