David R. Henderson  

Highlights from Hayek

PRINT
Of Human Design, but not of Hu... Morning Commentary...

I hadn't read Friedrich Hayek's The Road to Serfdom cover to cover for over 20 years. Today I did. I knew it was a good book but I concluded today that it's a great book. Here are two of the most powerful passages:

Economic values are less important to us than many things precisely because in economic matters we are free to decide what to us is more, and what less, important. (p. 100)

And whoever controls all economic activity controls the means for all our ends and must therefore decide which are to be satisfied and which not. (p. 101)


Comments and Sharing


CATEGORIES: Political Economy



COMMENTS (5 to date)
Lawrence writes:

Here's a link to a quick illustrated version...

http://mises.org/books/TRTS/

Babinich writes:

"And whoever controls all economic activity controls the means for all our ends and must therefore decide which are to be satisfied and which not."

In this country the question is: Will the statist or the capitalist have greater control?

The election will go a long way in answering this question.

Les writes:

I certainly agree that "Economic values are less important to us than many things precisely because in economic matters we are free to decide what to us is more, and what less, important."

But it seems to me that many non-economists make this choice without any awareness they are actually making a choice. I am frequently amazed at the confidence they show in their own opinions on economic issues despite utter lack of any knowledge of economics.

People who would never dream of practicing brain surgery or biophysics seem to have no hesitation in practicing what they falsely believe to be economics.

Speedmaster writes:

Indeed! And a vote here for Friedman's Capitalism and Freedom as well. ;-)

Sheldon Richman writes:

"In this country the question is: Will the statist or the capitalist have greater control?

"The election will go a long way in answering this question."

I want neither to have control. Rather, I want each individual to have control of his or her life in the context of voluntary exchange and consensual relationships.

This election will make no difference in that regard.

Comments for this entry have been closed
Return to top