Tuesday, December 25, 2012

Video: Hayek: Social Justice is a Meaningless Concepcion

The great Austrian economist and Nobel laureate Friedrich A von Hayek in a discussion with Firing Line host William F Buckley Jr. and George Roche III (Hillsdale College) on Social Justice (source LibertyPen, hat tip Mises Blog)

Hayek (5:06)
There are no possible rewards of a just distribution in a system where the distribution is not deliberately the result of people bringing it about. Justice is an attribute of individual action. I can be just or unjust toward my fellow man. But the conception of a social justice to expect from an impersonal process with nobody can control to bring about a just result, is not only a meaningless conception, it’s completely impossible. You see everybody talks about social justice, but if you press people to explain to you what they mean by social justice…what to accept as social justice, nobody knows.

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