Hayek on “Social Justice” and Income “Redistribution”

by Don Boudreaux on May 3, 2014

in Hayek, Hubris and humility, Inequality, Seen and Unseen, Video

In this video (from, I’m guessing, the mid or late 1970s), F.A. Hayek discusses “social justice” and “redistribution” with William Buckley.

Hayek’s accent in this video sometimes makes his conversation a bit difficult to understand.  But stick with it.  The discussion is filled with insights.  For example, starting at about the four-minute mark is a typical – and typically insightful – Hayekian nugget of wisdom:

Our possibility of being charitable is limited by the extent of our knowledge of particular people and particular needs.

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