Friday, October 07, 2005

Hayek's government

Apparently my browser just never refreshed Battlepanda's blog; I thought she just hadn't updated for a couple of weeks. But she has had some interesting things to say about Hayek:
...Hayek himself didn't believe in laissez-faire. It says so right there on page 37 of my my edition. [...] ...it would not be unreasonable to say that Hayek is probably pro state-sponsored education...
True, Hayek does imply that state action is not inherently bad, as long as it does not interfere with normal market activity. So, perhaps Hayek would support relief for victims Hurricane Katrina. But how might Hayek's benevolent state pay for it? Would he resort to random or uniform lump-sum taxes? I've never seen him actually discuss it. Given that nearly all forms of taxation are market-distorting, can we conclude that he actually doesn't want state action of any sort? If anyone has read enough Hayek to answer that question (Lawrence?), please comment.

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