Tuesday, November 10, 2020

Review of Law, Legislation and Liberty, Vol 3: The Political Order of a Free People by Friedrich A. Hayek

This review is written by Eugene Kernes

Book can be found in:
Genre = Law

Elaborate Description

'The Political Order of a Free People' is the most economic based book out of all three volumes. Hayek mentions that in a free-market society competition exists for the discovery process of better products or ways of production, while a government oriented society cannot have a trial-and-error response to new information. Hayek sets out the groundwork for what government should do and when is it okay to use coercive power that government has a monopoly on. An underlying theme is that based on the democracy in its current form, is usually a reference to how the few take advantage of the many by manipulation with various instruments. Some passages are not so easy to read, but the book provides a lot of valuable insights.

Book Details

Edition ISBN:  9780226320908
Pages to read:   180
Publication:     1981
1st Edition:      1979
Format:            Paperback

Ratings out of 5:
Readability    4
Content          5
Overall           5