UNWRAPPING THE ADAM SMITH AT THE CORE OF FRIEDRICH HAYEK

By Greg Ransom, on February 22nd, 2011%

Daniel Klein cracks through the crust of modernism encasing Hayek’s social philosophy to discover the rich earth of Smithian liberalism at heart of Hayek’s work — “Liberty Between the Lines in a Statist and Modernist Age: Unfolding the Adam Smith in Friedrich Hayek” (pdf).

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Whenever the government is asked to decide how much of a thing is to be produced, who is to be allowed to produce it, who is to be excluded from producing it, who is to have that privilege and this privilege .. It is against this kind of planning, exclusively, that I am arguing [in The Road to Serfdom]. — F. A. Hayek
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