FAQ About Friedrich Hayek
What were Friedrich Hayek's views on democracy?
Friedrich Hayek valued democracy as a political system but warned against its inherent risks of majority rule potentially infringing on individual freedoms. He argued that democracy should be limited by the rule of law, ensuring that individual rights are safeguarded against the tyranny of the majority. Hayek's emphasis was on constitutional democracy, where governmental powers are checked and balanced to protect personal liberty and maintain economic freedom.
