The Independent Institute on June 22, 2015, recommended a new book on Friedrich Hayek. Excerpts below:
Readers who want to get a flavor for the ideas of Hayek will find an excellent introduction in Donald Boudreaux’s The Essential Hayek. The book can be downloaded free.
Each chapter begins with a quotation from Hayek, but the book’s chapters explain Hayek’s ideas in Boudreaux’s words. Those ideas come from various works by Hayek, so the book is not a summary or discussion of specific works by Hayek, but rather an overview of Hayek’s ideas on the economy, on law, and on social organization more generally.
The book provides an excellent discussion of the advantages of free markets and limited government.
The book is not a study guide to Hayek’s work, or a summary of his work, because, outside of the quotations that open each chapter, there are no references to the specific works of Hayek from which Boudreaux develops the chapter’s ideas.
Boudreaux’s discussion is insightful, clearly written, and provides an excellent introduction to the ideas of limited government.