Tag Archives: Hayek

Powerful because of wealth versus Powerful because of influence. I’ll take the former.

Hayek in the Road to Serfdom makes the point that in a socialist economy the only way to advance is through successfully lobbying the government so that your group is accorded greater privileges. If you have the misfortune to belong … Continue reading

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Watch What You Wish For

Hayek wrote in The Road to Serfdom that we need to think long-term about the policies and ideas we propose for when you combine all the ideas adopted together over time in a nation and follow their natural consequences out … Continue reading

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Why SmithHayek?

This is my first post after a fresh install of my blog on my new site – SmithHayek.com. Why SmithHayek? It is named after Adam Smith and Friedrich A Hayek, two of the most famous and influential economists of all … Continue reading

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