Individualism: True and False - Foundation for Economic Education - Working for a free and prosperous world
SAMPLE PASSAGE:
" The chief concern of the great individualist writers was indeed to find
a set of institutions by which man could be induced,
by his own choice and from the motives which determined his ordinary conduct,
to contribute as much as possible to the need of all others;
and their discovery was that the system of private property did provide such inducements to a much greater extent than had yet been understood.
They did not contend, however, that this system was incapable of further improvement and, still less, as another of the current distortions of their arguments will have it, that there existed a “natural harmony of interests” irrespective of the positive institutions.
They were more than merely aware of the conflicts of individual interests and stressed the necessity of “well-constructed institutions” where the “rules and principles of contending interests and compromised advantages”[16]
would reconcile conflicting interests without giving any one group power to make their views and interests always prevail over those of all others. " 1
1
Hayek, F. 2017. "Individualism: True And False | F. A. Hayek". Fee.Org. Accessed January 28 2018. https://fee.org/articles/individualism-true-and-false/.
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