Q: What is Hayek's central insight according to Friedman?
A: "Experience in the past quarter century has strongly confirmed the validity of Hayek's central insight-that coordination of men's activities through central direction and through voluntary cooperation are roads going in very different directions: the first to serfdon, the second to freedom. That experience has also strongly reinforced a secondary theme-central direction is also a road to poverty for the ordinary man; voluntary cooperation, a road to plenty" (Friedman xiii-xiv).
By Ellen
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment