Status Updates From De weg naar slavernij

Note 5/n:
ignores this. I, of course, agree with this - I do not want to live in anarchy. Would I even dare to leave my house under anarchy, where organized crime would likely run wild? And what would happen to money, given that fiat money's value stems purely from the legal tender of the state?

I still don't know whether Mises shared Rothbard's anarchy. I have not directly read Mises yet.

Note 4/n:
fully grasp. Attempts of planning at the macro level may even stymie many economic agents in their micro-level planning.

What gives me more food for thought is Hayek's clear awareness of the problem of externalities and a role for the state in upholding the legal system and faith in our public institutions. He does NOT want the state to do nothing - the modern caricature of Hayek by the left usually ...

Note 3/n:
and macroeconomically conservative', ii) stressed the aggregation problem once more - the problem that trips up many who want the state to be their utopia on earth. What I mean is that planning is of course the most rational choice at the MICRO level - the individual or the household - but it is a fatal conceit that planning can be achieved at the macro level: a complex organism that no one mind can ...

Note 2/n:
demand planning to encompass all direction of the economic modes of production, to distribute income and wealth to conform to an arbitrary standard of justice, that a (classical) liberal can have no choice but to issue the warning of the road to serfdom.

I have yet to marshal my thoughts on this. In my reading of these passages, I have formed the vague view that Hayek: i) is 'microeconomically liberal ...

Note 1/n:
I have now reached the part in TRTS (in Chapter 3: 'Individualism and Collectivism') that my innocently eager 18-year-old self latched onto in my 2019 review: that Hayek shows himself to not be opposed to 'planning' per se. Indeed, anyone who is not a 'complete fatalist' will be a planner: an economist would be the last person to oppose this. It is the manner that socialists really overstep the line, to ...

Note n/n:
in the name of 'redistribution', or having it siphoned away by inflation and taxes. Thus I still broadly favour capitalism but I wonder if capitalism's effects trickle down into my immediate goals of becoming a useful team member in the bank.

Note 5/n:
Does it even affect me tangibly any more if the world, or the country I live in, moves capitalist or socialist? I suppose all I want right now for the world is that it remains peaceful and allows economic mobility so that I can concentrate on my work (without the fear of war or geopolitical disruptions), accumulate wealth, and not having that wealth expropriated by me in the end by some slimy socialist ...

Note 4/n:
banking, the day-to-day minuscule roadblocks and troubles I face, for example getting chewed out by Gan over the 2 overdue reviews and thus stressing over the long-term ramifications this may have for my professional reputation, I reflect on how I have moved on from being an idle ideologue to a locked-in economic agent who only cares about maximizing my own utility (and also my family and SO's utility).

Note 3/n:
specialising in crude industries and never moving up the value chain.

These heterodox sources that I've been toying with are, of course, the 'American Capitalism: A History' course by Cornell University, and Erik Reinert's book 'How rich countries got rich, and poor countries stay poor'.

Furthermore, as I increasingly narrow my scope and limit my vision (i.e. specialising) as a lowly RM in commercial ...

Note 2/n:
nationalist, whether that be Hegel, Marx, or Friedrich List. I am also troubled by this narrative because my listening to heterodox sources implant in me the idea that the British Empire did not practise what it preached: it protected its domestic industries and only preached free trade to poor nations after it had become rich and successful, to trap poor nations in Ricardian comparative advantage i.e. ...

Note 1/n:
Hayek's narrative on the spread of English ideas across space - that for > 200 years (at the point of his writing), English ideas have spread eastward until 1870, when England started to become an importer of Eastern (German) ideas - is interesting, but I, as a non-historian, cannot verify it. But it does strike me for the first time that the German intellectuals do seem to be generally socialist and ...