quote · Legacy record
What is called economic power, while it can be an instrument of coercion, is in the hands of private individuals never exclusive or complete power, never power over the whole life of a person. But centralised as an instrument of political power it creates a degree of dependence scarcely distinguishable from slavery.
What is called economic power, while it can be an instrument of coercion, is in the hands of private individuals never exclusive or complete power, never power over the whole life of a person. But centralised as an instrument of political power it creates a degree of dependence scarcely distinguishable from slavery.
Approximate author period: c. 1945 AD · modern
Meaning not yet available
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- Author or tradition
- Friedrich A. Hayek
Attribution: attributed - Country attributed
- Not established
A country attribution does not establish the earliest origin. - Historical period
- Approximate author period: c. 1945 AD · modern
Approximate author-period evidence for Friedrich Hayek: life dates 1899 to 1992. Wikidata Q1325, inspected 2026-10-08. Not a quotation composition date or independent verification of attribution. Source: https://www.wikidata.org/wiki/Q1325 (accessed 2026-10-08).
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Supplied reference C; CSV row 318216; supplied attribution, independently unverified
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