Quotation of the Day…

by Don Boudreaux on August 24, 2015

in Complexity & Emergence, Hayek, Property Rights

… is from page 63 of F.A. Hayek’s 1988 book, The Fatal Conceit:

Such freedom of individual decision is made possible by delimiting distinct individual rights (the rights of property, for example) and designating domains within which each can dispose over means known to him for his own ends.  That is, a recognisable free sphere is determined for each person.  This is all-important.  For to have something of one’s own, however little, is also the foundation on which a distinctive personality can be formed and a distinctive environment created within which particular individual aims can be pursued.


Add a Comment    Share Share    Print    Email

Previous post:

Next post: