timelets

Keynes believes that there are individuals who must be heard because of eir superior perception, wisdom and statesmanship. These select few - an elite - have licence: they are set free from constricting dogma. In trusting his )wn abili ties to inspire and to set a high moral tone for the masses, Keynes (like Plato and Aristotle) is concerned about the kind of person who is fit to govern. Civil virtue is attained by actions towards a common good.
In great contrast, the important questIons for Hayek concern the limitatlons to be imposed upon the authority of government. Recognising both the potential for economic advance that is created by a trustworthy money order, and that the state might illicitly coerce its citizens by corrupting that noney order, Hayek follows John Locke in seeking to establish principles to Irotect individual rights against arbitrary political encroachment. ( ibid. 57)