What Price a Planned Economy?

Tags: Interventionism, Other Schools of Thought, Free Markets, Global Economy

01/12/2010 Friedrich A. Hayek

We are witnessing a great tragedy: more and more people being driven by indignation about the suppression of political and intellectual freedom joining the forces which make its ultimate suppression inevitable, writes Friedrich A. Hayek (1899–1992).

This audio Mises Daily is narrated by Gennady Stolyarov II.

The Mises Institute is a non-profit organization that exists to promote teaching and research in the Austrian School of economics, individual freedom, honest history, and international peace, in the tradition of Ludwig von Mises and Murray N. Rothbard.

Non-political, non-partisan, and non-PC, we advocate a radical shift in the intellectual climate, away from statism and toward a private property order. We believe that our foundational ideas are of permanent value, and oppose all efforts at compromise, sellout, and amalgamation of these ideas with fashionable political, cultural, and social doctrines inimical to their spirit.