Word: hayek
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...acknowledge that Washington must act more vigorously in some areas, but Reagan to the end fought that reality. In one of his several farewell talks, he compared advocacy of government activism to "a false determinism ((that will)) take us a mile or two more down what Friedrich Hayek called 'The Road to Serfdom...
...told, the decades immediately after World War II were something of a golden age for socialism. As countries extended their sway over business, Economists Joseph Schumpeter and Friedrich von Hayek darkly warned of an irreversible global turning away from capitalism. Schumpeter argued, "Socialism of a very sober type would almost automatically come into being." Hayek predicted that the rejection of free enterprise would create dictatorships everywhere...
...Patty Hayek Richards New York City...
...advisers speak of the alarming rate of low-class births, and others discuss the need to strictly control colored immigration, but do not offer any plan to combat the mounting unemployment of young blacks in the decaying inner cities, and when Thatcher herself subscribes to the rhetoric of Hayek and Milton Friedman, she cannot be totally surprised if some fear the worst consequences in a country used to 'fair play,' a sense of decency and give-and-take, instead of the tooth-and-claw competition of the unfettered market economy. Of course, it is always possible--as many believe...
Like Simon, Kristol believes that conservatives have suffered from a lack of ideas. He takes issue with such champions of the free market as Hayek and Milton Friedman, who believe that capitalism is its own reward, that its blessings are automatic and should be appreciated for what they are. Echoing untold prophets and philosophers, Kristol warns that materialism is not enough. People have to believe that an institution offers a model for behavior...