Quotation of the Day…

(Don Boudreaux)

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… is from page 5 of F.A. Hayek’s great 1973 essay “Liberalism,” as this essay appears as chapter one of Essays on Liberalism and the Economy (2022), which is volume 18 (skillfully edited by Paul Lewis), of The Collected Works of F.A. Hayek:

While to the older British tradition the freedom of the individual in the sense of a protection by law against all arbitrary coercion was the chief value, in the Continental tradition the demand for the self-determination of each group concerning its form of government occupied the highest place.

DBx: Not only is this distinction between two very different understandings of ‘freedom’ important in its own right, it’s one that some recent careless critics of W.H. Hutt might wish to ponder.