He wrote a three-volume work whose sections included The Mirage of Social Justice and The Political Order of a Free People.
This thinker distinguished between the development of goods across time and goods in various stages of production in 3-dimensional diagrams, which proved confusing. He wrote a three-volume work whose sections included The Mirage of Social Justice and The Political Order of a Free People. He argued that a certain form of government "cannot possibly do what it promises" in The Fatal Conceit. He said that a desirable society should have a market with "spontaneous order" that emerges when people do what they want within a legal framework, which he called catallaxy. In one work, this author of Law, Legislation, and Liberty and The Pure Theory of Capital argued that central planning leads societies down the title path eroding personal freedom. For 10 points, name this Austrian-born economist who wrote The Road to Serfdom.
This thinker distinguished between the development of goods across time and goods in various stages of production in 3-dimensional diagrams, which proved confusing.
Friedrich August von Hayek