Never underestimate the influence of intellectuals, because the theories they are promoting today will be the basis of tomorrow’s political programmes. This was the warning which F A Hayek issued in this essay in 1949. Recently re-published with a new introduction and foreword, it stands as one of his most persuasive works.

1998, ISBN 978 0 255 36450 8, 28pp, PB

See also The Road to Serfdom with The Intellectuals and Socialism by Friedrich A. Hayek.