Law, Legislation and Liberty：A New Statement of the Liberal Principles of Justice and Political Economy

WithanewforewordbyPaulKelly.'IregardHayek'sworkasanewopeningofthemostfundamentaldebateinthefieldofpoliticalphilosophy'–SirKarlPopper'Thispromisestobethecrowningworkofascholarwhohasdevotedalifetimetothinkingaboutsocietyanditsvalues.Theentireworkmustsurelyamounttoanimmensecontributiontosocialandlegalphilosophy'-PhilosophicalStudiesLaw,LegislationandLibertyisHayek'smajorstatementofpoliticalphilosophyandoneofthemostambitiousyetsubtledefencesofafreemarketsocietyeverwritten.Arobustdefenceofindividualliberty,itisalsocrucialforunderstandingHayek’sinfluentialviewsconcerningtheroleofthestate:farfrombeinganinnocentbystander,hearguesthatthestatehasanimportantroletoplayindefendingthenormsandpracticesofanorderedandfreesociety.HisargumentshadaprofoundinfluenceonthepoliciesofThatcherinthe1980sandresonatetodayinvisionsofthe‘BigSociety’.Firstpublishedinthreeseparatevolumes,thisRoutledgeClassicseditionmakesoneofhismostimportantbooksavailableinasinglevolume.Essentialreadingforunderstandingthebackgroundtotherecentworldeconomicturmoilandfinancialcrisis,italsoforeshadowsthesubsequentheateddebateaboutregulationandpoliticalgovernanceifsuchdisastersaretobeavoidedinthefuture.