Society, Politics & Law
Is public spending a drain on the economy or the mark of a civilised society?
...free to judge what is best for them, businesses should be freed from the ‘red tape’ of bureaucracy and free markets adopted as the most efficient way to sort out the economy. The Austrian economist, Hayek, was a major influence on this position. Having seen fascism rise out of the German socialist movement, Hayek (1945) argued that pursuing a socialist agenda - which,...