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Subject:
From:
[log in to unmask] (Greg Ransom)
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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