- Cafe Hayek - http://cafehayek.com -
Quotation of the Day…
Posted By Don Boudreaux On November 10, 2012 @ 7:33 am In Civil Society,Complexity & Emergence,State of Macro | Comments Disabled
… is from page 58 of Hayek’s 1988 volume, The Fatal Conceit :
Although Keynes was, in spite of himself, to contribute greatly to the weakening of freedom, he shocked his Bloomsbury friends by not sharing their general socialism; yet most of his students were socialists of one sort or other. Neither he nor these students recognized how the extended order must be based on long-run considerations.
And thus the great appeal of Keynesianism to politicians.
Article printed from Cafe Hayek: http://cafehayek.com
URL to article: http://cafehayek.com/2012/11/quotation-of-the-day-456.html
URLs in this post:
 The Fatal Conceit: http://www.amazon.com/The-Fatal-Conceit-Socialism-Collected/dp/0226320669/ref=sr_1_1?s=books&ie=UTF8&qid=1332499031&sr=1-1
 Image: http://www.blinklist.com/index.php?Action=Blink/addblink.php&Url=http%3A%2F%2Fcafehayek.com%2F2012%2F11%2Fquotation-of-the-day-456.html&Title=Quotation%20of%20the%20Day...
 Tweet: https://twitter.com/share
Copyright © 2011 CafeHayek.com. All rights reserved.