M K Gandhi and F A Hayek needed for New India

Sanjeev Sabhlok has very interesting article wherein he says beautifully 

"Hayek’s best-known paper – the exhilarating The Use of Knowledge in Society – expounds an extraordinarily complex theory in plain English. Till the end of his life, such as with his last book, “The Fatal Conceit”, Hayek continued to show socialists that they do not have, cannot have, the knowledge necessary for a society to succeed. His Nobel lecture was beautifully entitled, The Pretence of Knowledge.

But socialists are oblivious to his insights. Full of the fatal conceit he cautioned against, confident in their pretence of knowledge and ability to plan for the “masses”, they reject Hayek without having read him. A senior former IAS officer told me that Hayek is irrelevant since he advocated an unbridled free-market. Such socialists give Hayek a bad rap without having read him, just as Gandhi rejected Adam Smith without reading his work." More here.

As per MKG’s understanding, Indian villages were once small self-sustaining economies/communities where a social system ensured “equitable” distribution of resources and earnings making poverty an alien concept.