Given below are two statements, one labelled as Assertion (A) and the other labelled as Reason (R). Identify the correct answer. Assertion (A) : F. A. Hayek portrayed state intervention and collectivism, even in their moderate forms, as inevitably leading to an erosion of Liberty. Reason (R) : He is a supporter of laissez faire and opponent of Keynesian economics and the welfare state. Codes :
Assertion (A): Hayek on Liberty and Intervention
The statement asserts that F. A. Hayek believed state intervention and collectivism inevitably erode liberty. This aligns with Hayek's prominent work, such as The Road to Serfdom, where he argued that central planning and increasing government control over the economy lead individuals down a path towards totalitarianism, sacrificing fundamental freedoms.
Reason (R): Hayek's Economic Philosophy
This statement posits that Hayek was a proponent of laissez faire and an opponent of Keynesian economics and the welfare state. This is accurate. Hayek championed free markets, minimal government interference (laissez-faire), and criticized demand-management policies (Keynesianism) and extensive social security systems (welfare state) as detrimental to economic efficiency and individual liberty.
Connecting Reason to Assertion
The reason (R) provides the foundation for the assertion (A). Hayek's opposition to state intervention, Keynesian policies, and the welfare state stems directly from his conviction that these economic models inherently concentrate power, reduce individual choice, and consequently diminish liberty. Therefore, his support for laissez faire and opposition to interventionist policies are the core reasons why he viewed state intervention as a threat to liberty.
Conclusion
Both statements (A) and (R) are factually correct regarding F. A. Hayek's views. Furthermore, Reason (R) correctly explains the underlying principles of Assertion (A). Hayek's philosophical stance against interventionism directly supports his argument about the erosion of liberty caused by such policies.
Important Questions from Western Philosophers
- Match List I with List II:
List I
List II
(A) Knowledge is recollection.
(I) Berkeley
(B) Knowledge is either analytic or synthetic.
(II) Kant
(C) Knowledge is synthetic apriori.
(III) Hume
(D) Knowledge is perception and perception is knowledge.
(IV) Plato
Choose the correct answer from the options given below: Match List I with List II
List I List II Ethical concepts Source A. Categorical imperatives I. Aristotle B. Utilitarianism II. John RawI C. Golden mean III. Immanuel Kant D. Theory of justice IV. John Stuart Mill Choose the correct answer from the options given below:
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