This is the one book from my TBR Challenge last year that I didn't manage to read, because it is so very daunting. So I decided it should be my first pick this year! That way the scariest thing would be over with. Imagine my dismay and consternation when I actually opened the book and read the words:
...I should in fairness warn the reader that the present volume is not intended for popular consumption. Only a few of the essays collected here (chaps. i and vi, and possibly iv and v) may in a sense be regarded as supplementary...the rest are definitely addressed to fellow-students and are fairly technical in character.Now, I found Hayek's works for laypeople quite difficult enough. I knew I couldn't wrap my brain around technical essays for fellow economists! So I decided that I would read the four essays he thought regular people could handle, and call it good. And indeed I bashed my way through them. I found out that he was entirely correct to say that everything in those essays is also in The Road to Serfdom; evidently this book is just a technical expansion on that one. So, don't read this. Read that.
The essays were about philosophical or societal points: different definitions of 'individualism,' how knowledge works in a society, when and where 'free' enterprise can be free (or not), and various other things I didn't necessarily grasp.
Too high-level and technical for me, but I'm glad I tried.