Friedrich Hayek – Bearing risks in individual freedom of choice

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Friedrich Hayek. . .if the individual is to be free to choose, it is inevitable that he should bear the risk attaching to that choice and that in consequence he rewarded, not according to the goodness or badness of his intentions, but solely on the basis of the value of the results to others. We must face the fact that the preservation of individual freedom is incompatible with a full satisfaction of our views of distributive justice.

Friedrich Hayek   (1899-1992)
Individualism and Economic Order

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