Individualism and the Economic System by Friedrich Hayek... This book contains a collection of essays in which Friedrich Hayek, the Nobel laureate in economics, discusses topics as diverse as moral philosophy, social science methods, and economic theory as aspects of the same central issue: free markets versus planned socialist economies. Centrally. These articles were first published in the 1930s and 1940s, and are still able to shed light on the problems facing developing and former socialist countries. Afaq presents this book to its readers as part of a project to transfer the most important things Hayek wrote into Arabic