----- Original Message ----- From: "Jurriaan Bendien" <[EMAIL PROTECTED]>
> "The real disagreement between Keynes and Hayek was identified by Keynes... > (as being about) the question of knowing where to draw the line between > intervention and non-intervention. Keynes's criticism of Hayek was that he > accepted that the logical extreme of no intervention at all was not > possible, but gave no guidance in The Road to Serfdom as to where the line > should be drawn. This was the same criticism made later by the libertarians. > But unlike them, Keynes thought that it was a matter of practical judgement, > not principle. He acknowledged that Hayek would draw the line differently > than he would, but criticized him for underestimating the practicability for > a middle course. He also argued that since Hayek accepted that a line had to > be drawn, it was disingenuous of him to imply that 'as soon as one moves an > inch in the planned direction you are necessarily launched on the slippery > path which will lead you in due course over the precipice... Keynes proposed > his middle way as a means of harmonizing individualism and socialism'". - > Andrew Gamble, Hayek: The Iron Cage of Liberty. Boulder: Westview Press, > 1996, p. 159-160. ============================== http://www.mail-archive.com/[EMAIL PROTECTED]/msg07575.html
