Although Hayek was unquestionably an intellectual giant who persistently condemned central economic planning as a comprehensive social system, his The Constitution of Liberty reveals that at one stage he supported the market-failure theses of social cost and public goods. Hayek's concepts on social cost, public goods, and other issues pertinent to theorization for planning intervention are discussed with reference to the works of Hayek, Popper, Nozick, Coase, Sowell, and others.
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