• • • Defending Capitalism: Ayn Rand vs. Hayek
Harry Binswanger, Capitalism Magazine Atlas Shrugged |Capitalism: The Unknown Ideal |Capitalism |Individual Rights |Objectivist author | Ayn Rand publicly recommended the works of Mises but not of Hayek. Today, when Hayek is much better known than Mises, it’s worth seeing why. I came to the full realization of what’s wrong with Hayek’s approach while re-reading Atlas Shrugged. No, not in Galt’s speech, but surprisingly in the section describing the Minnesota harvest disaster, when trains were diverted to harvest the (spoiled) soybean crop of Kip’s Ma.