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Friday, November 24th, 2007. Hayek.

Friedrich%20August%20von%20Hayek.jpgThere is all the difference in the world between treating people equally and attempting to make them equal.

The case for individual freedom rests largely on the recognition of the inevitable and universal ignorance of all of us concerning a great many of the factors on which the achievements of our ends and welfare depend.

All rational action is in the first place individual action. Only the individual thinks. Only the individual reasons. Only the individual acts.

Friedrich August von Hayek
May 8th, 1899 in Vienna – March 23rd, 1992 in Freiburg

Posted on Friday, November 23, 2007 at 03:10PM by Registered Commenter[Ignacio Wenley Palacios] in | Comments1 Comment

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Reader Comments (1)

I think Hayek is paddling in the wrong direction here. Of course, many of his phrses look unexceptionable, but in effect, his prescription would leave the market place as the great arbiter - and the marketplace is nihilistic.

The hymn to individual freedom is at the expense of the losers - the majority of the world's population.
(Hayek's is not a view that Shelley would find congenial, either..)
October 1, 2009 | Unregistered CommenterChris

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