Liberty and Market Dynamics: Mill vs. Hayek

This chapter explores the contrasting ideas of John Stuart Mill and Friedrich Hayek within the liberal tradition, focusing on economic theories and their implications for social policies. The discussion highlights Hayek's contributions to free markets and critiques of socialism while reflecting on Mill's ethics surrounding individual freedom. Relationships between personal experiences and philosophical beliefs, including Mill's correspondence with Harriet Taylor, enrich the narrative, revealing complexities in interpreting liberty and market dynamics.