Hayek s Individual Freedom Is Best Secured Through A Free...

Marcus Roberts 2/27/2015 Mid-Term 1. Hayek argues that individual freedom is best secured through a free market. Explain his argument. I believe to first understand Hayek argument and what it is that he was trying to convey to his audience, we would thoroughly have to understand the definition of collectivism and what it entails. Collectivism refers to the extent in which groups are held as priority over each individual maintained in the group. When referencing the market it is said that it dictates what you’re allowed to do whether it’s completed out of labor of love or for revenue, the choice is yours. In regards to that notion of â€Å"free market† you have to make your own decisions. From the view of the free market you should have the right to benefit and control property and it is essential part in economic freedom. For this theory, it is the only way that self-development can occur. For you to be truly free in the eyes of Hayek, the market has to have few restrictions in allowing choices to be made. Do what you want, but be smart bout it because the market is what responds to your actions , are your actions successful or detrimental? A collectivist attempt to control the market is denying the right for people to develop and choose. Essentially you are giving up you individuality when you act as a collectivist because its more majority based versus what you believe individually through morals and ethical reasoning. It is signaled as something that you want as a producerShow MoreRelatedRule Of Law And Development10265 Words   |  42 Pagesidentified a number of other â€Å"key objectives,† including to further peace and security, protect the environment, and â€Å"promote democracy and strengthen the rule of law, as well as respect for all internationally recognized human rights and fundamental freedoms.† In 2001, when the Declaration was operationalized into a set of Millennium Development Goals, the rule of law, human rights, democracy, and the environment were left out. Nonetheless, the MDGs, as they have become known, have had a substantialRead MoreJurisprudential Theories on IPR13115 Words   |  53 Pagesand  human rights  is a complex one,[33]  there are moral arguments for intellectual property. The arguments that justify intellectual property fall into three major categories. Personality theorists believe intellectual property is an extension of an individual. Utilitarians believe that intellectual property stimulates social progress and pushes people to further innovation. Lockeans argue that intellectual property is justified based on deservedness and hard work. Various moral justifications for privateRead MoreStrategic Marketing Management337596 Words   |  1351 Pages215 221 223 223 230 236 241 246 248 250 251 255 261 4 Market and environmental analysis 4.1 4.2 4.3 4.4 4.5 4.6 4.7 4.8 4.9 4.10 Learning objectives Introduction: the changing business environment (or the new marketing reality) Analysing the environment The nature of the marketing environment The evolution of environmental analysis The political, economic, social and technological environments Coming to terms with the industry and market breakpoints Coming to terms with the very different future: