King Rat (gkr) wrote,
King Rat

Eco 200: liberty and the rule of law

(group) Summarize and analyze Hamilton's view of equality of outcome and liberty. Why does liberty necessarily guarantee inequality of income and wealth?

The is another view of my response to Hayek's statement. If you have liberty, you have to have consequences for personal choice. Since no law can cover exactly the circumstances of each individual, it cannot mandate the exact outcome for everyone who makes exactly the same choices in exactly the same circumstances. We just don't have enough paper for that law or enough time to write that law. So the outcomes are going to be unequal, based both on choice as well as circumstance. Or you legislate exact outcomes much as communism tried to.

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