NGRAM — “ABSOLUTE POWER CORRUPTS ABSOLUTELY”

The quotation header to chapter 10 of Hayek’s The Road to Serfdom, published in 1944, is Lord Acton’s line, “Power tends to corrupt, and absolute power corrupts absolutely.”

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The concept of equilibrium and the methods we employ in pure analysis have a clear meaning only when confined to the analysis of the actions of a single person. — F. A. Hayek

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