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The Constitution of Liberty
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In this classic work Hayek restates the ideals of freedom that he believes have guided, and must continue to guide, the growth of Western civilization. Hayek's book, first published in 1960, urges us to clarify our beliefs in today's struggle of political ideologies. "The Constitution of Liberty" is a thorough exposition of a social philosophy which ranges from ethics and anthropology through jurisprudence and the history of ideas to the economics of the modern welfare state. First, the author analyzes the ethical foundations of a free society in which liberty is not merely a value but the very source and condition of all moral values. Next, he examines the institutions that Western societies have developed to secure individual liberty. In the final section, the author discusses the relations between a free-enterprise system and a socialist one, givng a full account of the goals and methods of the present-day welfare state. Hayek ultimately tests the principles of freedom by applying them to contemporary economic and social issues.
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F. A. Hayek (1899-1992), recipient of the Medal of Freedom in 1991 and co-winner of the Nobel Memorial Prize in Economics in 1974, was a pioneer in monetary theoryand a leading proponent of classical liberalism in the twentieth century. He taught at the University of London, the University of Chicago, and the University of Freiburg."

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