#friedrichhayek — Public Fediverse posts
Live and recent posts from across the Fediverse tagged #friedrichhayek, aggregated by home.social.
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In the last resort, the conservative position rests on the belief that in any society there are recognizably superior persons whose inherited standards and values and position ought to be protected and who should have a greater influence on public affairs than others.
-- Friedrich Hayek (Why I Am Not a Conservative) -
Perhaps the fact that we have seen millions voting themselves into complete dependence on a tyrant has made our generation understand that to choose one's government is not necessarily to secure freedom.
-- Friedrich Hayek⬆ #Wisdom #Quotes #FriedrichHayek #Freedom #Government #Tyranny
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Perhaps the fact that we have seen millions voting themselves into complete dependence on a tyrant has made our generation understand that to choose one's government is not necessarily to secure freedom.
-- Friedrich Hayek⬆ #Wisdom #Quotes #FriedrichHayek #Freedom #Government #Tyranny
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In the last resort, the conservative position rests on the belief that in any society there are recognizably superior persons whose inherited standards and values and position ought to be protected and who should have a greater influence on public affairs than others.
-- Friedrich Hayek (Why I Am Not a Conservative) -
F. A. Hayek Quotes (@FAHayekSays): "“The delusion that macroeconomics is viable and useful is encouraged by its extensive use of mathematics, which must always impress politicians lacking any mathematical education.”
nitter
https://nitter.net/FAHayekSays/status/1949876253265449201#m -
#Economics
#Neoliberalism
#DemocracyInChains
#JamesBuchanan(2/2)
..."...the Virginia school, as Buchanan’s brand of economic and political thinking is known, is a kind of cousin to the better-known, market-oriented #Chicago and #AustrianSchool|s — proponents of all three were members of the #MontPelerinSociety, 👉an international #neoliberal organization which included #MiltonFriedman and #FriedrichHayek." 👈
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#Economics
#Neoliberalism
#DemocracyInChains
#JamesBuchanan(2/2)
..."...the Virginia school, as Buchanan’s brand of economic and political thinking is known, is a kind of cousin to the better-known, market-oriented #Chicago and #AustrianSchool|s — proponents of all three were members of the #MontPelerinSociety, 👉an international #neoliberal organization which included #MiltonFriedman and #FriedrichHayek." 👈
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#Economics
#Neoliberalism
#DemocracyInChains
#JamesBuchanan(2/2)
..."...the Virginia school, as Buchanan’s brand of economic and political thinking is known, is a kind of cousin to the better-known, market-oriented #Chicago and #AustrianSchool|s — proponents of all three were members of the #MontPelerinSociety, 👉an international #neoliberal organization which included #MiltonFriedman and #FriedrichHayek." 👈
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#Economics
#Neoliberalism
#DemocracyInChains
#JamesBuchanan(2/2)
..."...the Virginia school, as Buchanan’s brand of economic and political thinking is known, is a kind of cousin to the better-known, market-oriented #Chicago and #AustrianSchool|s — proponents of all three were members of the #MontPelerinSociety, 👉an international #neoliberal organization which included #MiltonFriedman and #FriedrichHayek." 👈
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#Economics
#Neoliberalism
#DemocracyInChains
#JamesBuchanan(2/2)
..."...the Virginia school, as Buchanan’s brand of economic and political thinking is known, is a kind of cousin to the better-known, market-oriented #Chicago and #AustrianSchool|s — proponents of all three were members of the #MontPelerinSociety, 👉an international #neoliberal organization which included #MiltonFriedman and #FriedrichHayek." 👈
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"Like any good #capitalistThinker, Austrian economist #FriedrichHayek had a Book of Genesis–esque prehistoric parable for his followers. In #HayeksBastards: Race, Gold, IQ, and the Capitalism of the Far Right, historian Quinn Slobodian terms this fable “the savanna story.” It went like this: in the beginning, human beings lived in small, tight-knit collectivist groups that necessarily had to prioritize #cooperation and shared interest. As society grew, trade expanded, and new social orders developed, human beings came to care less and less about each other. “Mass mutual #indifference,” Slobodian sums up, “was the secret to sustaining human civilization.”
https://jacobin.com/2025/05/slobodian-neoliberalism-race-nationalism-hayek
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"it's pollution in our lungs & exploitation of people & burning of the planet & degradation of civil society"
Economists refer to these as "externalities"... often not hidden (air pollution in LA is pretty obvious) as much as unaccounted for...
"Externalities often occur when the production or consumption of a product or service's private price equilibrium cannot reflect the true costs or benefits of that product or service for society as a whole.... since resources can be better allocated, externalities are an example of market failure."
👉 #MarketFailure 👈 is the key concept. So called #FreeMarkets are often incomplete, because not all of the #StakeHolders are at the bargaining table.
https://en.wikipedia.org/wiki/Externality
Even the oft quoted-out-of-context "libertarian" economist #FriedrichHayek allowed that there were some areas of economic activity that could not be addressed by free or open markets... #publichealth and #pollution to name just two.
[Graphic is from an article by Patrick Miner et al 2024.]
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"it's pollution in our lungs & exploitation of people & burning of the planet & degradation of civil society"
Economists refer to these as "externalities"... often not hidden (air pollution in LA is pretty obvious) as much as unaccounted for...
"Externalities often occur when the production or consumption of a product or service's private price equilibrium cannot reflect the true costs or benefits of that product or service for society as a whole.... since resources can be better allocated, externalities are an example of market failure."
👉 #MarketFailure 👈 is the key concept. So called #FreeMarkets are often incomplete, because not all of the #StakeHolders are at the bargaining table.
https://en.wikipedia.org/wiki/Externality
Even the oft quoted-out-of-context "libertarian" economist #FriedrichHayek allowed that there were some areas of economic activity that could not be addressed by free or open markets... #publichealth and #pollution to name just two.
[Graphic is from an article by Patrick Miner et al 2024.]
-
"it's pollution in our lungs & exploitation of people & burning of the planet & degradation of civil society"
Economists refer to these as "externalities"... often not hidden (air pollution in LA is pretty obvious) as much as unaccounted for...
"Externalities often occur when the production or consumption of a product or service's private price equilibrium cannot reflect the true costs or benefits of that product or service for society as a whole.... since resources can be better allocated, externalities are an example of market failure."
👉 #MarketFailure 👈 is the key concept. So called #FreeMarkets are often incomplete, because not all of the #StakeHolders are at the bargaining table.
https://en.wikipedia.org/wiki/Externality
Even the oft quoted-out-of-context "libertarian" economist #FriedrichHayek allowed that there were some areas of economic activity that could not be addressed by free or open markets... #publichealth and #pollution to name just two.
[Graphic is from an article by Patrick Miner et al 2024.]
-
"it's pollution in our lungs & exploitation of people & burning of the planet & degradation of civil society"
Economists refer to these as "externalities"... often not hidden (air pollution in LA is pretty obvious) as much as unaccounted for...
"Externalities often occur when the production or consumption of a product or service's private price equilibrium cannot reflect the true costs or benefits of that product or service for society as a whole.... since resources can be better allocated, externalities are an example of market failure."
👉 #MarketFailure 👈 is the key concept. So called #FreeMarkets are often incomplete, because not all of the #StakeHolders are at the bargaining table.
https://en.wikipedia.org/wiki/Externality
Even the oft quoted-out-of-context "libertarian" economist #FriedrichHayek allowed that there were some areas of economic activity that could not be addressed by free or open markets... #publichealth and #pollution to name just two.
[Graphic is from an article by Patrick Miner et al 2024.]
-
"it's pollution in our lungs & exploitation of people & burning of the planet & degradation of civil society"
Economists refer to these as "externalities"... often not hidden (air pollution in LA is pretty obvious) as much as unaccounted for...
"Externalities often occur when the production or consumption of a product or service's private price equilibrium cannot reflect the true costs or benefits of that product or service for society as a whole.... since resources can be better allocated, externalities are an example of market failure."
👉 #MarketFailure 👈 is the key concept. So called #FreeMarkets are often incomplete, because not all of the #StakeHolders are at the bargaining table.
https://en.wikipedia.org/wiki/Externality
Even the oft quoted-out-of-context "libertarian" economist #FriedrichHayek allowed that there were some areas of economic activity that could not be addressed by free or open markets... #publichealth and #pollution to name just two.
[Graphic is from an article by Patrick Miner et al 2024.]
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In the last resort, the conservative position rests on the belief that in any society there are recognizably superior persons whose inherited standards and values and position ought to be protected and who should have a greater influence on public affairs than others.
-- Friedrich Hayek (Why I Am Not a Conservative) -
"... as [Stafford] Beer noted in his diary, [Friedrich] Hayek even complimented him on his vision for the cybernetic factory, after Beer presented it at a 1960 conference in Illinois. (Hayek, too, ended up in Chile, advising Augusto Pinochet.) But they never agreed about planning. Beer believed that technology could help integrate workers’ informal knowledge into the national planning process while lessening information overload."
#EvegenyMorozov, 2014
https://www.newyorker.com/magazine/2014/10/13/planning-machine
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A bit tangential, but I highly recommend this #book...
"Burning Down the House: How Libertarian Philosophy Was Corrupted by Delusion and Greed" by Andrew Koppelman
I found this book very helpful to understand a) what #capitalism is, b) why (in a well-managed form) it is probably the best economic system we're going to get, c) how conservatives have perverted and shaped it, and d) how to push back.
#Libertarian #Philosophy #Greed #FriedrichHayek #Conservatives #KochBrothers #Books #AndrewKoppelman
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Even Ayn Rand (1) and Friedrich Hayek (2) realized that government mandates are sometimes necessary to mitigate contagious diseases.
#CovidIsNotOver #CovidIsAirborne #KeepMasksInHealthCare #maskup #WearAMask #VaccinesPlus #covid19 #covid #SARSCov2 #mandates #MaskMandatesWork #MaskMandatesSaveLives #VaccineMandate #AynRand #Objectivism #libertarianism #Hayek #FriedrichHayek
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Even Ayn Rand (1) and Friedrich Hayek (2) realized that government mandates are sometimes necessary to mitigate contagious diseases.
#CovidIsNotOver #CovidIsAirborne #KeepMasksInHealthCare #maskup #WearAMask #VaccinesPlus #covid19 #covid #SARSCov2 #mandates #MaskMandatesWork #MaskMandatesSaveLives #VaccineMandate #AynRand #Objectivism #libertarianism #Hayek #FriedrichHayek
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Even Ayn Rand (1) and Friedrich Hayek (2) realized that government mandates are sometimes necessary to mitigate contagious diseases.
#CovidIsNotOver #CovidIsAirborne #KeepMasksInHealthCare #maskup #WearAMask #VaccinesPlus #covid19 #covid #SARSCov2 #mandates #MaskMandatesWork #MaskMandatesSaveLives #VaccineMandate #AynRand #Objectivism #libertarianism #Hayek #FriedrichHayek
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Even Ayn Rand (1) and Friedrich Hayek (2) realized that government mandates are sometimes necessary to mitigate contagious diseases.
#CovidIsNotOver #CovidIsAirborne #KeepMasksInHealthCare #maskup #WearAMask #VaccinesPlus #covid19 #covid #SARSCov2 #mandates #MaskMandatesWork #MaskMandatesSaveLives #VaccineMandate #AynRand #Objectivism #libertarianism #Hayek #FriedrichHayek
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Even Ayn Rand (1) and Friedrich Hayek (2) realized that government mandates are sometimes necessary to mitigate contagious diseases.
#CovidIsNotOver #CovidIsAirborne #KeepMasksInHealthCare #maskup #WearAMask #VaccinesPlus #covid19 #covid #SARSCov2 #mandates #MaskMandatesWork #MaskMandatesSaveLives #VaccineMandate #AynRand #Objectivism #libertarianism #Hayek #FriedrichHayek
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Milton Friedman’s 1999 Vision: Predicting Bitcoin Before the Digital Age Dawned - Nearly two decades before the Bitcoin network revolutionized the digital world, No... - https://news.bitcoin.com/milton-friedmans-1999-vision-predicting-bitcoin-before-the-digital-age-dawned/ #miltonfriedmanbitcoin #r.buckminsterfuller #satoshinakamoto #friedrichhayek #miltonfriedman #predictions #soundmoney #economics #henryford #featured
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The Tyee: How to Defeat Poilievre’s Politics of Abandonment https://thetyee.ca/Opinion/2023/09/08/Defeat-Poilievre-Politics-Abandonment/ #bcnews #TheTyee - via @[email protected] #PierrePoilievrepolicies #PierrePoilievrepolitics #PierrePoilievre #FriedrichHayek #HughSegal
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I'll be tooting my arse off about #Libertarianism #Brexit #Sunak #Tories #chartercities #anglosphere #disastercapitalism #BylineTimes #climatecrisis #politics #fascism #corporatism #Government #thinktanks #Democracy #capitalism #DarkMoney #Revolvingdoor #AynRand #MiltonFriedman #FriedrichHayek #ATLAS #ERG #IEA #PolicyExchange #RightWing #Starmer #coalition #eu #Biden #EnterpriseCities #ShankerSingham #JacobReesMogg #LizTruss #SuellaBraverman #Libertarian #Coup #twittermigration #freespeech #UK
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"The assurance of a certain minimum income for everyone, or a sort of floor below which nobody need fall even when he is unable to provide for himself, appears not only to be wholly legitimate protection against a risk common to all, but a necessary part of the Great Society in which the individual no longer has specific claims on the members of the particular small group into which he was born."
- #FriedrichHayek, 'Law, Legislation, and Liberty', vol. 3https://www.libertarianism.org/columns/libertarian-case-basic-income