Friday, May 11, 2012

Article: Brad DeLong: The 1956 Preface to Friedrich von Hayek's "The Road to Serfdom"


Brad DeLong: The 1956 Preface to Friedrich von Hayek's "The Road to Serfdom"
http://delong.typepad.com/sdj/2012/05/the-1956-preface-to-friedrich-von-hayeks-the-road-to-serfdom.html


That hodgepodge of ill-assembled and often inconsistent ideals which under the name of the Welfare State has largely replaced socialism as the goal of the reformers needs very careful sorting-out if its results are not to be very similar to those of full-fledged socialism. This is not to say that some of its aims are not both practicable and laudable. But there are many ways in which we can work toward the same goal, and in the present state of opinion there is some danger that our impatience for quick results may lead us to choose instruments which, though perhaps more efficient for achieving the particular ends, are not compatible with the preservation of a free society.

---SPSmith

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