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Glenn Beck Goes Hayekian

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Posted on June 9 2010 2:19 pm
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By The Other McCain

When I laid down to go to bed in the wee hours this morning, I flipped on Fox News and caught the re-run of Glenn Beck. He was talking aboutFriedrich Hayek’s The Road to Serfdom, and The Other Glenn informs us that the book is now No. 1 at Amazon.

It’s unfortunate, really, that most people who read The Road to Serfdomstop there and don’t pursue Austrian economics or Hayekian philosophy further. One of the finest treatises Hayek ever wrote was The Mirage of Social Justice – which goes in-depth on a key theme briefly explored inRoad — and yet it gets short shrift.

Many people describe Hayek as “libertarian,” a term also applied to Hayek’s mentor Ludwig von Mises, author of the masterwork Socialism(which I highly recommend). But Hayek and Mises were economists who directed their critique at the socialist error — Hayek famously described it as The Fatal Conceit — of supposing that a bureaucratic elite could improve the lives of ordinary people by directing their economic activity in a more rational or equal manner.

Read the Rest at the Other McCain

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