A Hayekian strategy to implement free market reforms II

Jesús Huerta de Soto
Professor of Political Economy
King Juan Carlos University of Madrid, Spain

Abstract

In this article the author discusses the reasons which are usually alleged to justify the supposed political impossibility of free marker reforms. A number of historical examples which refute the pessimism in this field are reviewed. Consequently a coherent strategy to implement free market reforms is proposed and analyzed from three points of view: theoretical, ethical and historical. The article concludes with an analysis of the behavior of politicians most fitted for a long term goal of economic liberty in a democratic environment.

Keywords

free market reforms, Public Choice School, politicians and their role, compromise versus principles, dynamic efficiency, socialism, entrepreneurship.

Introduction

1. Reasons usually alleged for considering free market reforms politically impossible

2. Historical examples which refute pessimism

3. The three levels of action required by the reforms: theoretical, historical and ethical

4. Actions in the theoretical field

5. Actions in the ethical field

6. Actions at a historical level

7. The role of the politician in the libertarian reform

8. How much should politicians lie?

9. Conclusion

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