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Hayek, Novak & the Limits of Laissez Faire

The Cult of Capitalism

Angus Sibley

When laissez-faire economists believe in God, they are usually certain that he is one of them. The invisible hand of the market is, they think, also the hand of Divine Providence, which anoints and protects those who manage to provide for themselves. In 1835, the American economist Henry Carey complained that Britain and France, in restricting trade between themselves, were “ (...)


 

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