The 2008 financial crash was no ordinary crisis, but the harbinger of a much deeper convulsion. This major re-assessment shows how it was initially contained but that the more fundamental challenges to western leadership, democracy and prosperity, unless addressed, will preclude sustained recovery a[...]

Hayek has been one of the key liberal thinkers of the twentieth century. He has also been much misunderstood. His work has crossed disciplines -- economics, philosophy and political science -- and national boundaries. He was an early critic of Keynes, and became famous in the 1940s for his warnings [...]