Vikash Yadav's Liberalism’s Last Man: Hayek in the Age of Political Capitalism. Chicago: University of Chicago Press, 2023. 288 pp. $35 (hardcover)

Liberalism’s Last Man is, in many respects, one of the most remarkable contributions to Hayekian scholarship post-1989, the year that Hayek’s vision of social order and his analysis of comparative economic systems received the ultimate validation in the collapse of the Soviet system. Vikash Yadav’s book is outstanding in its approach, originality, and relevance.

The author manages to achieve his most important objective: to take, one by one, Hayek’s major themes and perspectives and to demonstrate their relevance and applicability to the current circumstances of the beginning of the third millennium. Yadav’s project echoes Hayek’s own idea about how the classical liberal tradition should adapt and evolve over time as societies and institutions change: “If old truths are to retain their hold on man’s mind, they must be restated in the language and concepts of successive generations” (p. viii).

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