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Archive of posts published in the tag: Hayek

A Strong Economy is a Free Economy

We have seen before how the separation of economic and political aims is an essential guarantee of individual freedom and how it is consequentially attacked by all collectivists.  To this we must now add that the “substitution of political for…

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“Why the Worst Get on Top”

This is a critical chapter in Hayek’s 1944 classic, The Road to Serfdom.  The books is a deeply thoughtful examination of why planned economies lead to despotic rule.   In several different parts of the book Hayek explains that the motivation…

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The Tragic Illusion

.. the desire to organize social life according to a unitary plan itself springs largely from a desire for power. .. in order to achieve their end, collectivists must create power of a magnitude never before known, and …  their…

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Equality vs The Rule of Law

.. any policy aiming directly at a substantive ideal of distributive justice must lead to the destruction of the Rule of Law. To produce the same result for different people, it is necessary to treat them differently. To give different…

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Ignoring the Bitter Choice

That people should wish to be relieved of the bitter choice which hard facts often impose upon them is not surprising.  But few want to be relieved through having the choice made for them by others.  People just wish that…

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Ignoring the Problem is Not a Solution

That people should wish to be relieved of the bitter choice which hard facts often impose upon them is not surprising. But few want to be relieved through having the choice made for them by others. People just wish that…

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Property and Equality

It is probable that we habitually overestimate the extent to which inequality of incomes is mainly caused by income derived from property, and therefore the extent to which the major inequalities would be abolished by abolishing income from property. What…

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The More the State Plans…..

The state should confine itself to establishing rules applying to general types of situations and should allow the individuals freedom in everything which depends on the circumstances of time and place, because only the individuals concerned in each instance can…

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A Monopoly on Truth

F.A. Hayek pushed a decentralist, libertarian line instead (of conservatism), because he believed that none of us has a monopoly on truth or knowledge and that “to live or work successfully with others requires.. an intellectual commitment to a type…

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