• The Fatal Conceit

  • The Errors of Socialism
  • By: F. A. Hayek
  • Narrated by: Everett Sherman
  • Length: 7 hrs and 12 mins
  • Unabridged Audiobook
  • Release date: 09-14-12
  • Language: English
  • Publisher: Audible Studios
  • 4.5 out of 5 stars 4.5 (230 ratings)

Regular price: $19.60

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Publisher's Summary

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."
©1988 F.A. Hayak (P)2012 Audible, Inc.
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Customer Reviews

Most Helpful
5 out of 5 stars
By Marius Ghica on 02-11-14

Compelling analysis of key humanity fundamentals

Hayek is demystifying some of socialism 's fundamental misconceptions oferring a compelling view on some of humanity's fundamental elements such as language, property, market and religion. A must read.

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9 of 9 people found this review helpful

4 out of 5 stars
By Amazon Customer on 10-26-13

It's not all within the capacity of reason

If you could sum up The Fatal Conceit in three words, what would they be?

Reason isn't king

What was the most compelling aspect of this narrative?

The idea that humans are so adaptable and ingenious that they have developed a way to organize themselves and cooperate to improve their condition that is beyond the bounds of reason alone. It is a subtle idea, that we can actually use our reason cooperatively, and not know how things come to be in an advanced order. For instance, listening to this audiobook on an iPhone. No one person has the knowledge to do this all by himself. It takes thousands of people co-operating in their little spheres of knowledge to make the whole.

Any additional comments?

I think this is the case against rationalism, meaning that our reason and rationality guide every single that we do. We can only know so much, and things like culture, tradition, morality, and unspoken rules of behavior for which we may not have the understanding of why they are there, are very important economizers that allow us to do greater and greater things within a complicated society. It makes the case that we have to make the most important decision in our lives as well, and it also makes the case that liberty is not the atomistic individualism and permissiveness of an extreme libertarian, but that which is based in property, and respect for property. Those were the 3 things that dominated the book, and were explained exceptionally well--the limits of rationalism, the case for culture, and liberty being based in property being very important.

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3 of 3 people found this review helpful

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Customer Reviews

Most Helpful
5 out of 5 stars
By Ras on 01-03-18

A very lucid account of Hayekian views

I have been reading both socialist and liberalist scholars as a part of my PhD. This book is written in a very lucid and enjoyable style. The narration is also perfect. I can easily argue that this book is the best book to understand Hayekian views as it also summarises many of his earlier texts. Hayek is a real genius. Whether you agree him or not, he has powerful arguments which deserve every bit of intellectual efforts. Hayek mainly advocates for letting people connect together freely in a spontaneous order within traditions to create something magnificent, which cannot be matched by any rational and coercive design dictated by pretence reason. This is not a simple refutation of socialism as the argument has many other merits.

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5 of 5 people found this review helpful

5 out of 5 stars
By Tommy on 10-31-17

Enjoyable, Insightful, Accessible Economics

Hayek examines how inherited social customs and traditions shape economic and social order and how artificially contrived systems such as socialism are doomed to fail.

I had feared that this book might be too dry and theoretical, but instead found it enjoyable, insightful and highly accessible.

I look forward to listening to more of Hayek's works on Audible.

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4 of 5 people found this review helpful

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