Notes Hayek’s The Fatal Conceit The "micro-cosmos" in the "macro-cosmos". The idea of Socialism is at once grandiose and simple… We may say, in fact, that it is one of the most ambitious creations of the human spirit,… so magnificent, so daring, that it has rightly aroused the greatest admiration. If we wish to save the world from barbarism we have to refute Socialism, but we cannot thrust it carelessly aside. Ludwig von Mises How ...