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Date: | Tue Jan 2 08:57:17 2007 |
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Steve Kates wrote:
> What Hayek wrote was this (The Fatal Conceit, Routledge
> 1988, p 57):
> "This extraordinary man [ie Keynes} also
> characteristically justified some of his economic
> views, and his general belief in a management of the
> market order, on the ground that 'in the long run we
> are all dead' (i.e., it does not matter what long-range
> damage we do; it is the present moment alone, the short
> run - consisting of public opinion, demands, votes, and
> all the stuff and bribes of demagoguery - which
> counts). The slogan that 'in the long run we are all
> dead' is also a characteristic manifestation of an
> unwillingness to recognise that morals are concerned
> with effects in the long run - effects beyond our
> possible perception - and of a tendency to spurn the
> learnt discipline of the long view."
There is a good chance that this passage from
_The Fatal Conceit_ was actually written or deeply
rewritten by its editor, William Bartley, who took great
liberties with Hayek's original text.
Greg Ransom
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