The END of LAISSEZ-FAIRE or the ROAD to SERFDOM? John Maynard KEYNES & Friedrich HAYEK. Lecture 8 of *Philosophy of Politics: From the French Revolution to World War II*
Keynes: “It is not true that individuals possess a prescriptive ‘natural liberty’ in their economic activities.” Or: Hayek: The economic question is “how to secure the best use of resources known to any of the members of society, for ends whose relative importance only these individuals know.“ About the Course In this eight-lecture course, Professor […]