ABSTRACT
If there is a social theorist whose works and their public reception refl ect the major political and economic shifts that occurred in the twentieth century, that theorist is Friedrich Hayek. Having seen his advocacy of classical liberalism derided during much of the postwar period, Hayek’s reputation as a social theorist was rejuvenated by the collapse of the social democratic consensus in the Anglo-American world and still more so by the failings of ‘really existing’ socialism revealed by the velvet revolutions in Eastern Europe.
