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The Constitution of Liberty by Friedrich von Hayek
Contributed by: Blake
  • 1. What is the primary focus of 'The Constitution of Liberty'?
A) Socialism and collective ownership.
B) The principles of individual freedom and the rule of law.
C) Economic growth through government intervention.
D) Monetary policy and inflation control.
  • 2. In which year was 'The Constitution of Liberty' published?
A) 1982
B) 1973
C) 1960
D) 1944
  • 3. What does Hayek mean by 'the rule of law'?
A) Laws that can be changed at any time by the government.
B) A legal framework that prioritizes state power over individual rights.
C) A system where laws are made for certain classes only.
D) Legal framework that applies equally to all individuals.
  • 4. According to Hayek, what is a potential danger of collectivism?
A) It guarantees economic prosperity.
B) It can lead to tyranny and loss of individual freedoms.
C) It enhances democratic processes.
D) It ensures equality for all citizens.
  • 5. What type of economic system does Hayek advocate for?
A) A mixed economy with heavy regulation.
B) A centrally planned economy.
C) A command economy.
D) A free-market economy.
  • 6. Which philosophical tradition does Hayek draw upon?
A) Utilitarianism.
B) Postmodernism.
C) Marxism.
D) Classical liberalism.
  • 7. What role does competition play in Hayek's theory?
A) It is detrimental to social welfare.
B) It should be replaced by cooperation.
C) It creates inequality and should be controlled.
D) It drives innovation and efficiency.
  • 8. What distinction does Hayek make regarding knowledge in society?
A) Knowledge is dispersed and cannot be centralized.
B) Expert knowledge is superior to local knowledge.
C) Knowledge should be regulated by authorities.
D) All knowledge can be collected and utilized by the government.
  • 9. How does Hayek view the relationship between liberal democracy and individual freedom?
A) Liberal democracy supports and protects individual freedom.
B) Liberal democracy restricts individual freedom.
C) Individual freedom is irrelevant to democracy.
D) Democracy should focus solely on majority rule.
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