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JOHN GRAY ON HAYEK

Gray assesses Hayek’s life and work. For those interested in the Encounter piece “My Cousin, Ludwig Wittgenstein” here it is. Equally, and perhaps also happily, Thatcher had no understanding of Hayek’s ideas. Austrian EconomicsConservatismdispersed knowledgedistributed knowledgeFree marketFriedrich Hayekjohn graykeynesLiberalismLibertyLudwig WittgensteinMargaret Thatchersocialism

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A DANSE MACABRE OF WANTS AND SATISFACTIONS

In Austrian Economic Perspectives on Individualism and Society: Moving Beyond Methodological Individualism In this chapter our aim is to rescue the meaning of liberty from the ministrations of its misguided friends and explore how it relates to human nature, culture, and economic order. Some Austrian economists have embraced liberty as the sole value. Despite the…

Wittgenstein and Hayek

My Cousin, Ludwig Wittgenstein — a lovely memoir (see family tree below). The first extract below (The New Yorker) reminded me of the Percy legacy (second extract). Wittgenstein, once asked a pupil if he had ever had any tragedies in his life. The pupil, evidently well trained, inquired what he meant by “tragedy.” “I mean suicides,…