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Murray Weidenbaum holds the Mallinckrodt Distinguished University Professorship at Washington University in St. Louis, where he also serves as honorary chairman of the Weidenbaum Center on the Economy, Government, and Public Policy.This article first appeared at <a href="http://www.fee.org"www.fee.org. ... See All Posts by This Author

Murray Weidenbaum

The Constitution of Liberty

Hayek Strengthens the Case for the Free Market

By Friedrich A. Hayek • Reviewed by: Murray Weidenbaum
Published by: The University of Chicago • Year: 1962 • Price: • Pages: • Buy
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Friedrich Hayek’s Constitution of Liberty surely merits front rank in any list of outstanding books on liberty, free market economics, history, and political philosophy. What is especially remarkable about the work is that it makes important contributions in each of these areas.

Personally, I have always been taken by the broad-minded view that Professor Hayek brought to his writings. Surely, this classic work strengthens the case for the free market. Yet, as a fine scholar, Hayek volunteers the notion that the marketplace can adjust to a substantial amount of government intervention.

Not that he advocates a large role for government, but he brings to bear a special wisdom in examining such controversial questions from a truly scholarly viewpoint. That rare trait is especially helpful in reaching those who now hold different viewpoints.

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  1. Pingback by Reviews — Hayek’s _The Constitution of Liberty_ | Taking Hayek Seriously on 4 June 2010:

    [...] Murray Weidenbaum, “Book Review”. [...]

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