The collected works of f a hayek hayek gives the main arguments for the free market case and presents his manifesto on the errors of socialism hayek argues that socialism has from its origins been mistaken on factual and even on logical grounds and that its repeated failures in the many different practical applications of . Hayek argues that socialism has from its origins been mistaken on factual and even on logical grounds and that its repeated failures in the many different practical applications of socialist ideas that this century has witnessed were the direct outcome of these errors. The fatal conceit the errors of socialism is a book written by the economist and political philosopher friedrich hayek and edited by the philosopher william warren bartley the book was first published in 1988 by the university of chicago press bruce caldwell has questioned how far bartley was the editor and how far the author. Hayek gives the main arguments for the free market case and presents his manifesto on the errors of socialism hayek argues that socialism has from its origins been mistaken on factual and even on logical grounds and that its repeated failures in the many different practical applications of socialist ideas that this century has witnessed were the direct outcome of these errors. Hayek argues that socialism has from its origins been mistaken on factual and even on logical grounds and that its repeated failures in the many different practical applications of socialist ideas that this century has witnessed were the direct outcome of these errors he labels as the fatal conceit the idea that man is able to shape the world around him according to his wishes