Re: The Road to Serfdom

[Eubulides <paraconsistent@xxxxxxxxxxx>]

----- Original Message -----
From: "Jurriaan Bendien" <bendien@xxxxxxxxxxxx>


> "The real disagreement between Keynes and Hayek was identified by Keynes...
> (as being about) the question of knowing where to draw the line between
> intervention and non-intervention. Keynes's criticism of Hayek was that he
> accepted that the logical extreme of no intervention at all was not
> possible, but gave no guidance in The Road to Serfdom as to where the line
> should be drawn. This was the same criticism made later by the libertarians.
> But unlike them, Keynes thought that it was a matter of practical judgement,
> not principle. He acknowledged that Hayek would draw the line differently
> than he would, but criticized him for underestimating the practicability for
> a middle course. He also argued that since Hayek accepted that a line had to
> be drawn, it was disingenuous of him to imply that 'as soon as one moves an
> inch in the planned direction you are necessarily launched on the slippery
> path which will lead you in due course over the precipice... Keynes proposed
> his middle way as a means of harmonizing individualism and socialism'". -
> Andrew Gamble, Hayek: The Iron Cage of Liberty. Boulder: Westview Press,
> 1996, p. 159-160.

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