"The achievement of "The Fatal Conceit" is that it freshly shows why socialism must be refuted rather than merely dismissed--then refutes it again."--David R. Henderson, "Fortune." "Fascinating. . . . The energy and precision with which Mr. Hayek sweeps away his opposition is impressive."--Edward H. Crane, "Wall Street Journal" F. A. Hayek is considered a pioneer in monetary theory, the preeminent proponent of the libertarian philosophy, and the ideological mentor of the Reagan and Thatcher "revolutions."