Hayek on the Market
Talking Politics: HISTORY OF IDEAS
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Hayek's Fear of the Market
The Second World War was the greatest disruptor of all, something on a scale that even put the First World War in the shade. Hayek wasn't really writing about wartime economies and what should be done. He was trying to imagine the world when the war was done and the crisis in some sense was passed. His name for that form of organization was economic planning. States organized on that basis on a mass industrial scale take on enormous powers - many of them arbitrary. That is what happened in the United States of America in Britain.
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