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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

The Morphology of Liberalism

Here’s a book review in The Economist looking at the morphology in meaning attached to (neo)liberalism. Here is the publisher’s blurb. But the line between Smith and Friedman is not a straight one, as Mr Stedman Jones points out. Smith thought one of the state’s jobs should be to build public works and forge institutions…