Margaret Thatcher’s Tribute to Friedrich von Hayek

To mark the 75th anniversary of the publication of Friedrich Hayek's The Road to Serfdom, several of Hayek's personal items were auctioned at Sotheby's in London on March 19th. Hayek, together with Gunnar Myrdal (the economist from the opposing camp), was awarded the "Nobel Memorial Prize" (not really a Nobel prize) in 1974. At Sotheby's … Continue reading Margaret Thatcher’s Tribute to Friedrich von Hayek

Hayek on Liberty

18 Hayek Quotes That Show the Importance of Liberty by Gary M. Galles May 8th marked Friedrich Hayek’s birthday. Called “the most prodigious classical liberal scholar of the 20th century,” Milton Friedman explained his importance: Over the years, I have again and again asked fellow believers in a free society how they managed to escape … Continue reading Hayek on Liberty

Rating Achievements Through “Rate of Growth”

". . . how absurd it is to judge relative performance by rate of growth, which is as often as not evidence of past neglect rather than of present achievement. In many respects it is easier and not more difficult for an undeveloped country to grow rapidly once an appropriate framework has been secured." Source: … Continue reading Rating Achievements Through “Rate of Growth”

Man versus the State

English philosopher, biologist, anthropologist, sociologist, and prominent classical liberal political theorist of the Victorian era, Herbert Spencer (1820-1903) wrote this in "The Man versus the State" (1884). It is not to the State that we owe the multitudinous useful inventions from the spade to the telephone; it is not the State which made possible extended … Continue reading Man versus the State

The Iron Lady who Fought for Freedom

"Freedom, freedom, freedom . . . Sometimes I feel like a motherless child, A long way from my home," sang Richie Havens at Woodstock. Lots of people struggle for freedom. What are they seeking freedom from? From other people. We have to remember this: People need to leave other people alone. Do what you will … Continue reading The Iron Lady who Fought for Freedom