Friedrich August von Hayek (1899-1992) is one of the greatest philosophers and economists of the 20th century, winner of the Nobel Prize in Economics.

In the book “Detrimental Conceit”, Friedrich August von Hayek, using an evolutionary approach with from an economist's point of view, explores the nature, origin, selection and development of the moral principles of socialism and market relations. And he sums up his reflections on the destructive nature of socialist ideas in the 19th and 20th centuries, as well as on the reasons that made the failure of all projects to build a socialist society inevitable.