Nobel prize-winner F. A. Hayek is one of the great thinkers of the 20th century, but up to now there has been no book for the non-specialist that describes his ideas and explains their significance. Eamonn Butler's clear, systematic, perceptive study fills this gap. Starting with a short survey of Hayek's life, Dr. Butler goes on to analyze all the main elements in his thought under six basic headings: Understanding How Society Works; The Market Process; Hayek's Critique of Socialism; Criticism of Social Justice; The Institutions of a Liberal Order; and The Constitution of a Liberal State.

Hayek's influence in helping a generation to understand the nature of society and the errors of collectivism goes far beyond that of any other writer of his period. Having been decades ahead of his time when he began to write, Hayek is proving to be one of the most seminal thinkers of our age.

Dr. Eamonn Butler is the director of the Influential UK think-tank, the Adam Smith Institute, where he has spent three decades privatizing state industries, reforming public administrations and instructing government leaders around the world on market economics. With degrees in Economics, Psychology and Philosophy from St Andrews University, Dr Butler is superbly qualified on the mechanics, mentality and morals of markets. His highly readable introductions to free-market thinkers including Adam Smith, Ludwig von Mises, and Nobel economists FA Hayek and Milton Friedman have won wide acclaim and been translated into many languages.