November 4th 2000

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Articles from this issue:

United States: Clinton’s legacy to determine U.S. presidential poll

Editorial: Telstra’s infrastructure - public service

Agriculture: Apples - who’s fooling whom?

Canberra Observed: Whitlam's apologia on East Timor role

National Affairs: Economic conversion for Democrats' leader?

Taxation: Why the attack on family trusts?

Telecommunications Inquiry: Telstra's country services deficient - TSI report

The Media


Straws in the Wind

The courts and commercialised medicine

Drugs: Needle exchange programs - the shocking reality

Family: Medical professor endorses the condom culture

Society: Markets and morals

Books promotion page

Society: Markets and morals

by Jonathon Sacks

News Weekly, November 4, 2000
This article first appeared in First Things, August-September 2000.

In 1978, Friedrich Hayek proposed a great debate. He was by then almost eighty years old, but the passion with which he sought to defend the market order against what he saw as the heresy of collectivism was undiminished. So, as if hoping to settle the issue once and for all, he suggested nothing less than an international disputation that would discuss the question, "Was socialism a mistake?" The event did not take place, but Hayek nonetheless produced a large manuscript setting out his beliefs, which was published in an abridged form as The Fatal Conceit. What interests me in particular about the book is its last chapter, "Religion and the Guardians of Tradition." What led Hayek, who had devoted a lifetime to the study of economics and politics, to seal this work with a reflection on religion and tradition?

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