. . . offered by the excellent Cafe Hayek, Don Boudreaux proprietor:
… is from pages 11-12 of Hayek’s 1948 collection, Individualism and Economic Order; in particular, it’s from one of Hayek’s most profound and important essays, namely, his December 1945 Finlay Lecture in Dublin, “Individualism: True and False”:
[Adam] Smith’s chief concern was not so much with what man might occasionally achieve when he was at his best but that he should have as little opportunity as possible to do harm when he was at his worst.
. . . See the rest at Cafe H.
Blithe Spirit 