Hayek Order
Tuesday, April 16, 2013
Some links
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The question is why don’t these leaders do something about it then, starting with eradicating the red tape that stifles educational institutions in India?
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"The Institute of Economic Affairs, a think-tank in London, established by a follower of F. A. Hayek, had an immense impact on the thinking of the young Thatcher. India now has Hayekian think-tanks, but it awaits her own Iron Lady."
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Today, as I rewind to my childhood four decades ago, I realise why the void in me is so full of gratitude to my guru.
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A humane alternative to the current state of affairs is to recognize the property rights of tribals and allow businesses to access tribal resources only through the market, rather than through political force. Such an arrangement will improve the economic status of tribal communities and achieve better economic efficiency by directing scarce resources towards their most urgent economic ends.
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