NOSTRADAMUS: LIFE MAGAZINE ON LIBERALISM IN 1945

In 1945 LIFE magazine peers into the future:

“Why did the liberal philosophy which once supported [the forward looking] state of mind deteriorate?  First, because it could not reconcile its humanitarian beliefs with its laissez-faire economics.  After it abandoned laissez-faire it could not logically decide where, short of socialism, to stop.  To define the stopping place, as F. A. Hayek and others have tried to do, is one of the chief talks still facing political science in our time.

If liberals do not face up to this task, they will soon find that they have no ground for defending those individual liberties whose sacredness they have always taken for granted.  The defense of liberty will then be entirely in conservative hands .. “

1 comment to NOSTRADAMUS: LIFE MAGAZINE ON LIBERALISM IN 1945

  • anon

    Hey Greg, I noticed that in earlier posts you labelled Brad DeLong as a “Hayekian macroeconomist”. Why is that? My impression has been that his views are far from Hayekian.

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