Principium Volume II, Book 10, Quote 1078, 1087, and 1089

1078. (12-17-2010) The modern tendency to gratify this passion (envy)ATJ and to disguise it in the respectable garment of social justice is developing into a serious threat to freedom.

- Friedrich A. Hayek – The Constitution of Liberty, 1978

1087. (12-20-2010) A just price, a just wage, a just rate of interest, is a contradiction in terms. The question what a person ought to get in return for his goods and labor is a question absolutely devoid of meaning. The only valid questions are what he can get in return for his goods and labor, and whether he ought to sell them at all.

- Robin George Collingwood – Economics as a Philosophical Science, 1926

(What you think you ought to get paid in a particular job or what you think you ought to get paid when you sell something doesn’t really matter. What matters is what the market is willing to give or, in other words, what can you get. The more important thing for a person to do is try and increase his or her perceived value to the market place or the perceived value of the item(s) to be sold. The market functions on many things, but perceived value is one of them.)ATJ

1089. (12-20-2010) …another argument on which the demands for a more equal distribution are frequently based, … the contention that membership in a particular community or nation entitles the individual to a particular material standard that is determined by the general wealth of the group to which he belongs….There is clearly no merit in being born into a particular community, and no argument of justice can be based on the accident of a particular individual’s being born in one place rather than another. A relatively wealthy community in fact regularly confers advantages on its poorest members unknown to those born in poor communities. In a wealthy community the only justification its members can have for insisting on further advantages is that there is much private wealth that the government can confiscate and redistribute and that men who constantly see such wealth being enjoyed by others will have a stronger desire for it (greater envy)ATJ than those who know of it only abstractly, if at all.

- Friedrich A. Hayek – The Constitution of Liberty, 1978

2 views0 comments

Recent Posts

See All

1331. (3-3-2011) (The book “On Power” is going to be much more cerebral and feel abstract, but lend your mental faculties to it and bits of truth begin to come. Like the leaks in a dam, dike, or levy,