Abstract
Milton Friedman’s implicit preferred model of the political system, like that of Hayek, mirrors his model of the economy. It is a perfect system in which innumerable participants who possess information and intelligence interact to produce results. No actual political system has ever matched this model or worked in this way. If the least regulation or imperfection puts us on the road to serfdom, we are doomed.
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© 2014 Morton A. Kaplan and Inanna Hamati-Ataya
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Kaplan, M.A., Hamati-Ataya, I. (2014). The Market and Liberal Democracy. In: Transcending Postmodernism. Palgrave Macmillan, London. https://doi.org/10.1057/9781137358578_12
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DOI: https://doi.org/10.1057/9781137358578_12
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-47123-2
Online ISBN: 978-1-137-35857-8
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