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Attacks on the market order are today being issued unabated, and with almost as much gusto from the political right as from the left. Fortunately, the wisdom and insight in classic works such as Adam Smith’s Inquiry Into the Nature and Causes of the Wealth of Nations, Wilhelm von Humboldt’s Limits of State Action, Joseph Schumpeter’s Capitalism, Socialism, and Democracy, and F.A. Hayek’s Road to Serfdom continue to be as accessible and as relevant as they were when first published. Works such as these remain crucial.

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