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Quotation of the Day…

Posted By Don Boudreaux On August 16, 2013 @ 7:30 am In Complexity & Emergence,Curious Task,Hayek,Man of System,Myths and Fallacies,Seen and Unseen | Comments Disabled

… is from page 165 of volume III (“The Political Order of a Free People,” 1979) of Hayek’s Law, Legislation, and Liberty [1] (original emphasis; footnote excluded):

At present, however, an ever increasing part of the population of the Western World grow up as members of large organizations and thus as strangers to those rules of the market which have made the great open society possible.  To them the market economy is largely incomprehensible; they have never practised the rules on which it rests, and its results seem to them irrational and immoral.  They often see in it merely an arbitrary structure maintained by some sinister power.  In consequence, the long-submerged innate instincts have again surged to the top.  Their demand for a just distribution in which organized power is to be used to allocate to each what he deserves, is thus strictly an atavism, based on primordial emotions.  And it is these widely prevalent feelings to which prophets, moral philosophers and constructivists appeal by their plan for the deliberate creation of a new type of society.

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