Why Do So Many Intellectuals Hate Free Markets?
Why do so many intellectuals despise the market that sustains them? Ralph Raico weighs Hayek's theory of "scientism" against Schumpeter's portrait of a resentful, over-produced intelligentsia—and finds both wanting, pointing instead to the harder puzzle: why capitalism's most successful intellectuals are so often its fiercest critics.
Excerpted from chapter 3 of Classical Liberalism and the Austrian School.
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