Principium Volume II, Book 11, Quote 1111, 1113, and 1115

1111. (12-24-2010) …democracy will remain effective only so long as government in its coercive action confines itself to task that can be carried out democratically.

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


1113. (12-25-2010) If democracy is a means of preserving liberty, then individual liberty is no less an essential condition for the working of democracy. Though democracy is probably the best form of limited government, it becomes an absurdity if it turns into unlimited government. Those who profess that democracy is all-competent and support all that the majority wants at any given moment are working for its fall.

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


1115. (12-25-2010) The fact of being employed will affect more than a man’s initiative and inventiveness. He has little knowledge of the responsibilities of those who control resources and who must concern themselves constantly with new arrangements and combinations; he is little acquainted with the attitudes and modes of life which the need for decisions concerning the use of property and income produces. For the independent there can be no sharp distinction between his private and his business life, as there is for the employed, work is largely a matter of fitting himself into a given framework during a certain number of hours, for the independent it is a question of shaping and reshaping a plan of life, of finding solutions for ever new problems. Especially do the employed and the independent differ in their views of what can properly regard as income, what chances one ought to take, and what manner of life one should adopt that is most conducive to success.

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

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