Chicagonomics: The Evolution of Chicago Free Market Economics by Lanny Ebenstein

Author:Lanny Ebenstein [Ebenstein, Lanny]
Language: eng
Format: epub
Tags: Business & Economics, Economic History
ISBN: 9781466891128
Google: ubHgBwAAQBAJ
Amazon: 0230621953
Publisher: St. Martin's Press
Published: 2015-10-05T16:00:00+00:00

sanitation or roads . . . The provision of such services has long been a recognized field of public effort.11

the non-coercive or purely service activities that government undertakes . . . such services as care for the disabled or infirm.12

activities which governments have universally undertaken . . . the provision of a reliable and efficient monetary system . . . the setting of standards of weights and measures; the providing of information gathered from surveying, land registration, statistics, etc.; and the support, if not also the organization, of some kind of education.13

services which are clearly desirable but which will not be provided by competitive enterprise because it would be either impossible or difficult to charge the individual beneficiary for them. Such are most . . . health services . . . and many of the amenities provided by municipalities for the inhabitants of cities.14

safety regulations in buildings . . . some regulation of buildings permitted in cities is unquestionably desirable.15

The effect which the use of any one piece of land often has on neighboring land clearly makes it undesirable to give the owner unlimited power to use or abuse his property as he likes.16

that the government may have to exercise the right of eminent domain for the compulsory purchase of land . . . can hardly be disputed.17

So far as the entry into different occupations is concerned, our principle does not exclude the possible advisability in some instances of permitting it only to those who possess certain ascertainable qualifications.18

A free system does not exclude on principle all . . . general regulations of economic activity . . . the appropriateness of such measures must be judged by comparing the over-all costs with the gain . . . This is true of most of the wide field of regulations known as “factory legislation.”19

The range and variety of government action that is, at least in principle, reconcilable with a free system is thus considerable.20

Many others have noticed and commented on Hayek’s support for classical liberal policies, including various conservatives and contemporary libertarians:

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