F.A. Hayek – IOTW Report

F.A. Hayek

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Hayek for Everybody.

Donald Boudreaux has done us the favor of writing a popularized primer on the foundational thought of the great economist, Friedrich Hayek. His timing is good. For sadly, as Vaclav Klaus, the free-market president of the Czech Republic from 2003 to 2013, says in the book’s foreword: “State interventionism is back and growing.”

hayek

The once-vivid lessons of the failures and crimes of communist regimes are fading in the group memory, 25 years after the collapse of the Berlin Wall and its accompanying socialist ideology. Dirigiste government bureaucrats are busy giving orders, arrogantly convinced that they know what is economically best for you better than you do. Hayek, as presented by Boudreaux in readily accessible language, demonstrates yet once again that they not only do not, but cannot, know this.

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