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Quotation of the Day…

Posted By Don Boudreaux On March 23, 2013 @ 7:40 am In Hayek | Comments Disabled

… is from page 48 of the 2007 Definitive Edition (Bruce Caldwell, ed.) of F.A. Hayek’s classic 1944 volume, The Road to Serfdom [1]; specifically, it’s from Hayek’s Foreword to the 1956 American paperback edition:

The important point is that the political ideals of a people and its attitude toward authority are as much the effect as the cause of the political institutions under which it lives.  This means, among other things, that even a strong tradition of political liberty is no safeguard if the danger is precisely that the new institutions and policies will gradually undermine and destroy that spirit.

Hayek [2] died 21 years ago today, less than seven weeks short of his 93rd birthday.

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[1] The Road to Serfdom: http://www.amazon.com/Road-Serfdom-Documents-Definitive-Collected/dp/0226320553/ref=sr_1_1?ie=UTF8&s=books&qid=1276786709&sr=1-1

[2] Hayek: http://www.econlib.org/library/Enc/bios/Hayek.html

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