"Professor Hayek is justifiably critical of some contemporary arrangements regarding old age pensions and apprehensive of the difficulties which may arise should the burden be greatly increased. But why should he argue as if these were at all likely to lead us to social disintegration and the concentration camp? This seems to me to be one of the less probable outcomes of the evolution of our institutions in this respect."
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Original Language: English
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Lionel Robbins, “Hayek on Liberty.” Economica 28: 66–81 (1961)
https://en.wikiquote.org/wiki/The_Constitution_of_Liberty
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The Constitution of Liberty
The Constitution of Liberty is a book by Austrian economist and Nobel Prize recipient Friedrich Hayek. The book was first published in 1960 by the University of Chicago Press and it is an interpretation of civilization as being made possible by the fundamental principles of liberty, which the author presents as prerequisites for wealth and growth, rather than the other way around.
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