“Morally and philosophically, I find myself in agreement with virtually the whole of it; and not only in agreement but deeply moved agreement.” John Maynard Keynes (1883-1946) sobre o livro de Hayek (1899-1992) do ano 1944.
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Back on the road to serfdom
Back on the Road to Serfdom begins by considering how we got here. Brian Domitrovic leads off with a look at what happened in the twentieth century to give the federal government such broad sway over the economy. In examining this development, he shows that the historical record is clear: the more the authorities try to steer the economy, the more erratic it becomes.
Carey Roberts goes back even earlier than Domitrovic, to the era of the American Founding. He traces the present resurgence of statism to the seminal conflict between Thomas Jefferson and Alexander Hamilton, and sets forth a refreshingly revisionist account of Hamiltonian economic policies, which Americans are expected to revere as self-evidently sensible and wise.
Per Bylund then looks beyond America’s shores to show how the welfare state became the dominant model of government throughout the Western world. He also punctures the myths of the welfare state that Americans have been lectured about for decades. A native of Sweden working on his doctorate in the United States, Bylund reveals that the so-called Swedish model is hardly a dream for modern civilization. In so doing, he rules out the default position of so-called progressives, which is to claim that large welfare states are compatible with long-run prosperity, and that there is nothing about the American situation that higher levels of wealth confiscation cannot solve. Moreover, he demonstrates that the welfare state harms not only the economy but also individual liberty and civil society.
With Domitrovic, Roberts, and Bylund having established the broader context for the government’s accelerating intrusions into the economy, Antony Mueller looks at the more immediate causes of the recent financial crisis. His essay is a valuable corrective to the standard account of the economic downturn that has fueled so much of the recent resurgence of statism. Professor Mueller’s interpretation of the crisis, which is informed by the Austrian School of economics, also accounts for why the proposed remedies are likely to prolong the economic malaise in those countries adopting them.
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Veja os rap "Hayek contra Keynes" Parte I, parte II
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