Inevitable Intervention

l require much planning in the good sense, it does not- or at least need not- require that special kind of planning which according to its advocates is to replace the market" (Hayek 134). Who is to say whether planning is good or bad? He previously stated that all planning (or socialist tendencies) lead to the eventual construction of totalitarianism. Hayek now recognizes the necessity for economic planning to insure a minimal amount of security to the people living under the free market system. He has now discovered the weaknesses of a self-regulated market (as will be demonstrated in the discussion of Polanyi and Dewey) and finds relief
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Inevitable Intervention. (2000, January 01). In MegaEssays.com. Retrieved 21:52, September 15, 2026, from https://www.megaessays.com/viewpaper/19683.html