Not available since the 1980s, this updated edition by the leading political philosopher, John Gray, outlines his new position on Hayek. In a substantial new chapter, Gray assesses how far the historical development of the last ten years can be deployed in a critique of Hayek’s thought. 

His reassessment is not only a provocative study of a classical philosopher, it is also a timely contribution to the debate over the future of conservatism, as Gray argues that Hayekian liberalism, the most well-articulated political theory of the new right, is flawed.

John Gray is Emeritus Professor of European Thought at the London School of Economics. He is a regular contributor to the Guardian and the Times Literary Supplement and the author of over a dozen books, including “Heresies” and the bestselling “Straw Dogs”. 

His other noteworthy credits are “False Dawn: the Delusions of Global Capitalism”, “Black Mass: Apocalyptic Religion” and “The Death of Utopia”, and “Al Qaeda and What It Means to Be Modern”.