Jesse Walker on F.A. Hayek and Augusto Pinochet


The free-market economist F.A. Hayek had some warm words for a repressive regime in Chile, an embarrassing enthusiasm detailed in a recent paper for the American Journal of Economics and Sociology. To see how Hayek came to make such a mistake, Jesse Walker critiques a strand in the classical liberal tradition that dreams a temporary dictatorship could be a stepping stone to reform.