29: Hayek: "almost persuaded".(Part IV: critics in the twentieth century and beyond)

From: The American Journal of Economics and Sociology | Date: April 1, 2004| Author: | Copyright information

"It was a lay enthusiasm for Henry George which led me to economics." So wrote Friedrich August yon Hayek in a letter to Peter K. Minton in 1962. (1) Elsewhere, he explained that this enthusiasm came about as the result of his having been "exposed to a group of single-taxers" as a first-year law student at the University of Vienna just after World War I. (2)

In time, however, Hayek came to reject the Georgist model because of an objection he set forth in his magnum opus, The Constitution of Liberty. This objection constitutes a superficially formidable argument that the ...

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