Freedom, the Common Good and the Rule of Law: Lippmann and Hayek on Economic Planning

Jackson BE

This article examines the intellectual relationship between Friedrich Hayek and Walter Lippmann in the 1930s and 1940s, and argues that Lippmann's writings on economic planning were a neglected influence on the development of Hayek's political thought in this period. Lippmann's work provided a first approximation of arguments that Hayek would later make this own: that planning would destroy civil and political freedom; that a certain form of legal order was essential to the preservation of liberty; and that critics of planning should offer a positive liberal reform agenda that was compatible with this understanding of the law.