Conclusion

Alan Ebenstein

A chapter in Hayek’s Journey, 2003, pp 237-243 from Palgrave Macmillan

Abstract: Abstract Hayek’s argument in The Fatal Conceit was historical and factual. Classical socialism defined as government ownership of the means of economic production literally cannot deliver the goods (and services) because the division of knowledge renders central economic control highly inefficient. He maintained a scientific view of his calling to the end. His goal was in largest part to put forward factual understandings of the world—of the way the world is and could be.

Keywords: Classical Socialism; Great Equality; Government Ownership; Minimum Class; Democratic Capitalist (search for similar items in EconPapers)
Date: 2003
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-4039-7379-5_20

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DOI: 10.1007/978-1-4039-7379-5_20

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